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Tuesday, Jul 23
More on United Technologies' (UTX) Q2: Revenue growth is largely the result of acquisitions as...
More on United Technologies' (UTX) Q2: Revenue growth is largely the result of acquisitions as organic sales come in flat for the quarter. Otis sees new equipment orders in China grow 39% and 23% overall. Pratt & Whitney logs 65% growth in large commercial engine spares orders (organic growth rises 15%). The company says it will return to organic growth in H2 as end-markets recover. UTX will invest $450M in restructuring in FY13. Full year outlook: The company raises the lower end of EPS guidance and now sees $6-6.15/ share on revenue of between $64-65B. (PR)