United Technologies Corp. (NYSE:UTX) today reported second quarter
2012 results. All results in this release reflect continuing operations
unless otherwise noted.
Earnings per share of $1.62 and net income attributable to common
shareowners of $1.5 billion, were up 15 percent and 14 percent,
respectively, over the year ago quarter. Results for the current quarter
include $0.10 per share of net favorable one-time items, partially
offset by $0.06 of restructuring costs. Earnings per share in the year
ago quarter included $0.05 per share of net favorable one-time items,
partially offset by $0.04 of restructuring costs. Before these items,
earnings per share increased 13 percent year over year. The effective
tax rate for the quarter was 22.5 percent. Foreign currency translation,
and hedges at Pratt & Whitney Canada, had an adverse impact of
$0.05.
Click here to read the UTC press release.
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