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Raytheon Co (RTN) SEC Filing 10-Q Quarterly report for the period ending Sunday, October 1, 2017

SEC Filings

Raytheon Co

CIK: 1047122 Ticker: RTN
Exhibit 99.1

rtnlogo1a01a06a01a15.jpg
 
 
Raytheon Company
rtnline1a01a06a01a16.jpg
 
 
Global Headquarters
 
 
Waltham, Mass.
 
 
 
 
 
Investor Relations Contact
 
 
Todd Ernst
 
 
 
781.522.5141
 
 
 
 
 
 
 
Media Contact
 
 
 
Corinne Kovalsky
 
 
 
781.522.5899
For Immediate Release

Raytheon Reports Strong Third Quarter 2017 Results

Bookings of $7.0 billion; backlog of $36.7 billion
Net sales of $6.3 billion, up 4.5 percent
EPS from continuing operations of $1.97
Operating cash flow from continuing operations of $382 million
Updated full-year 2017 guidance
__________________________________________________________________________________________________

WALTHAM, Mass., (October 26, 2017) - Raytheon Company (NYSE: RTN) today announced net sales for the third quarter 2017 of $6.3 billion, up 4.5 percent compared to $6.0 billion in the third quarter 2016. Third quarter 2017 EPS from continuing operations was $1.97 compared to $1.84 in the third quarter 2016. The increase in the third quarter 2017 EPS from continuing operations was primarily driven by operational improvements.
“We delivered strong bookings and solid operating performance in the third quarter,” said Thomas A. Kennedy, Raytheon Chairman and CEO. “Global customer demand drove an increase in our backlog, which positions us well for continued growth in 2018.”
Operating cash flow from continuing operations for the third quarter 2017 was $382 million compared to $640 million for the third quarter 2016. As expected, the change in operating cash flow from continuing operations was primarily due to higher required pension contributions in the third quarter 2017, partially offset by the timing of collections.
In the third quarter 2017, the company repurchased 1.1 million shares of common stock for $200 million. Year-to-date 2017, the company repurchased 4.4 million shares of common stock for $700 million.
Bookings in the third quarter 2017 were $7.0 billion, slightly higher than the third quarter 2016. Backlog at the end of the third quarter 2017 was $36.7 billion, an increase of approximately $950 million compared to the third quarter 2016.



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The following information was filed by Raytheon Co (RTN) on Thursday, October 26, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Raytheon Co's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets (unaudited)
Consolidated Balance Sheets (unaudited) (parenthetical)
Consolidated Statements Of Cash Flows (unaudited)
Consolidated Statements Of Comprehensive Income (unaudited)
Consolidated Statements Of Equity (unaudited)
Consolidated Statements Of Operations (unaudited)
Accounting Standards
Accounting Standards (narrative) (details)
Accounting Standards (new Accounting Pronouncement, Early Adoption Asu 2016-18) (details)
Accounting Standards (new Accounting Pronouncement, Early Adoption Of Asu 2014-09) (details)
Accounting Standards (tables)
Acquisitions And Goodwill
Acquisitions And Goodwill (narrative) (details)
Acquisitions And Goodwill (rollforward Of Goodwill By Segments) (details)
Acquisitions And Goodwill (tables)
Basis Of Presentation
Business Segment Reporting
Business Segment Reporting (components Of Fas/cas Adjustment) (details)
Business Segment Reporting (disaggregation Of Revenue) (details)
Business Segment Reporting (segment Results) (details)
Business Segment Reporting (tables)
Business Segment Reporting (total Assets) (details)
Commitments And Contingencies
Commitments And Contingencies (narrative) (details)
Commitments And Contingencies (remediation Cost Estimates) (details)
Commitments And Contingencies (stated Values Outstanding) (details)
Commitments And Contingencies (tables)
Contract Assets And Contract Liabilities
Contract Assets And Contract Liabilities (narrative) (details)
Contract Assets And Contract Liabilities (tables)
Contract Assets And Liabilities (net Contract Assets (liabilities)) (details)
Derivative And Other Financial Instruments
Derivative And Other Financial Instruments (narrative) (details)
Derivative And Other Financial Instruments (schedule Of Long Term Debt Details) (details)
Derivative And Other Financial Instruments (tables)
Earnings Per Share (eps)
Earnings Per Share (eps) (eps From Continuing Operations) (details)
Earnings Per Share (eps) (income From Participating Securities) (details)
Earnings Per Share (eps) (narrative) (details)
Earnings Per Share (eps) (tables)
Earnings Per Share (eps) (weighted-average Shares) (details)
Forcepoint Joint Venture
Forcepoint Joint Venture (narrative) (details)
Forcepoint Joint Venture (redeemable Noncontrolling Interest Rollforward) (details)
Forcepoint Joint Venture (tables)
Income Taxes
Inventories
Inventories (narrative) (details)
Inventories (schedule Of Inventories) (details)
Inventories (tables)
Pension And Other Employee Benefits
Pension And Other Employee Benefits (narrative) (details)
Pension And Other Employee Benefits (schedule Of Components Of Net Periodic Benefit Cost) (details)
Pension And Other Employee Benefits (schedule Of Contributions) (details)
Pension And Other Employee Benefits (schedule Of Liabilities) (details)
Pension And Other Employee Benefits (schedule Of Marketable Securities) (details)
Pension And Other Employee Benefits (tables)
Significant Accounting Policies Update
Significant Accounting Policies Update (narrative) (details)
Significant Accounting Policies Update (net Eac Adjustments) (details)
Significant Accounting Policies Update (policies)
Significant Accounting Policies Update (tables)
Stockholders' Equity
Stockholders' Equity (accumulated Other Comprehensive Income) (details)
Stockholders' Equity (changes In Shares Of Common Stock Outstanding) (details)
Stockholders' Equity (narrative) (details)
Stockholders' Equity (repurchases Of Common Stock) (details)
Stockholders' Equity (tables)
Ticker: RTN
CIK: 1047122
Form Type: 10-Q Quarterly Report
Accession Number: 0001047122-17-000171
Submitted to the SEC: Thu Oct 26 2017 10:14:26 AM EST
Accepted by the SEC: Thu Oct 26 2017
Period: Sunday, October 1, 2017
Industry: Search Detection Navagation Guidance Aeronautical Sys

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