Raytheon Technologies Lowers 2022 Free Cash Flow Forecast Due to Capitalization Legislation
September 13 2022 - 4:50PM
Dow Jones News
By Denny Jacob
Raytheon Technologies Corp. said it now expects free cash flow
in 2022 to be about $4 billion instead of $6 billion.
The aerospace supplier said the change to its full year 2022
financial outlook accounts for the impact of legislation requiring
capitalization of research and experimentation for tax
purposes.
The company maintained its full year outlook for sales between
$67.75 billion to $68.75 billion and adjusted earnings of $4.60 to
$4.80 a share.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
September 13, 2022 17:35 ET (21:35 GMT)
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