United Technologies Corp. reported fourth quarter earnings from continuing operations that topped the consensus projection, with the Hartford company today reaffirming its 2013 outlook of earnings per share of $5.85 to $6.15.
UTC, the parent company of Stratford-based Sikorsky Aircraft Corp. and East Hartford-based Pratt & Whitney Co., said fourth quarter earnings from continuing operations fell 27 percent to $945 million after accounting for restructuring, currency-exchange charges and costs related to its $16.5 billion Goodrich Corp. acquisition.
Earnings from continuing operations were $1.04 per share, topping analysts’ projections of $1.03 per share.
Net revenues were up more than 14 percent to $16.4 billion for the quarter.
For the fourth quarter, sales at UTC’s Sikorsky unit were up 3.1 percent to $2.18 billion, while the unit’s operating profit was down almost 23 percent.