UTC grows Q3 pre-tax earnings

By:  
Washington DC
Source:
This story is sourced from Pro
See more Pro news »

Pratt & Whitney parent company United Technologies grew its pre-tax income for the third quarter from $1.8 billion to $2.1 billion year-over-year.

The company's sales grew from $13.6 billion to $14.8 billion as total costs and expenses for the quarter increased from $11.6 billion to $12.8 billion.

United Technologies grew its operating income from $1.9 billion to $2.2 billion year-over-year.

Pratt & Whitney (P&W) increased its third quarter sales year-over-year from $3.23 billion to $3.25 billion as its operating profit decreased from $547 million to $535 million.

P&W's operating profit margin fell from 16.9% to 16.5%.

United Technologies expects to grow its earnings per share for 2011 by 15% year-over-year to $5.47.