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United Technologies Corporation (UTX)

  • Jun. 11, 2012, 7:53 AM
    United Technologies (UTX) offers to sell assets to persuade the EU to OK the conglomerate's $16.5B purchase of Goodrich (GR), Reuters reports, although there's no word on what those assets are. The EU has expressed concern about the markets for engine controls, AC power generators, fuel nozzles and aftermarket services.
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  • May 25, 2012, 10:58 AM
    UTX received about $38B in orders at relatively tight spreads to Treasurys on its $9.8B bond offering, which is being used to fund the $18.4B acquisition of Goodrich (GR). The sale was the largest this year and the 6th largest on record. That's how it's done Facebook, write Andrea Johnson and Danielle Robinson.
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  • May 24, 2012, 11:51 AM
    United Technologies' (UTX) Pratt & Whitney jet engine unit lays off 300 employees in the U.S., with 200 jobs being cut in Connecticut.
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  • May 22, 2012, 12:33 PM
    United Tech (UTX +0.9%) CEO Louis Chenevert tells an investor conference that he's confident that the company's $16.5B acquisition of Goodrich (GR +0.4%) will close in July despite the EU giving itself until the end of August to complete an antitrust review. "We have done the right things to wrap this deal up," Chenevert says.
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  • May 16, 2012, 8:52 AM
    EU competition officials extend by the three weeks, until August 31, their deadline for deciding on whether to approve United Tech's (UTX) $16.5B acquisition of aircraft components maker Goodrich (GR).
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  • May 15, 2012, 10:32 AM
    Carlyle (CG +0.2%) and TPG are weighing separate $3.5B - $4B bids for United Technology's (UTX +0.6%) pump and compressor units. UTX is selling the pump and compressor businesses of its Hamilton Sundstrand unit to avoid issuing new shares to fund its $16.5B purchase of Goodrich (GR -0.1%). FlowServe (FLS +0.2%) and Dover Corp. (DOV -0.8%) are also said to be mulling over potential bids as well.
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  • Apr. 27, 2012, 7:55 PM
    U.S. and European manufacturers are racking up weak performance in China as growth slows to its lowest level in three years, and the government is attacking the problem in a way that only China can: by pushing its expansion policy into the interior. As the coastal markets mature and struggle with a glut of housing and commercial space, companies are now looking at expanding inland, where the clampdown on the housing market isn't so tight.
  • Apr. 25, 2012, 11:27 AM
    Shares of United Technologies (UTX +1%) continues to pare back most of its decline over the past couple days, largely due to a mixed Q1 report. Argus upgrades the shares to Buy this morning on the weakness, saying the stock is poised to benefit from an upswing in the commercial aircraft market.
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  • Apr. 24, 2012, 9:43 AM
    United Tech (UTX) is in final talks to sell its Rocketdyne space unit and expects to have a contract by the end of Q2, CFO Greg Hayes says. He adds that the EU's review of its $16.5B buy of Goodrich is progressing as anticipated, and that UTX has received initial bids for industrial units at its Hamilton ops. (Q1 I, II)
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  • Apr. 24, 2012, 9:32 AM
    More on United Tech (UTX +1.4%) Q1: Excluding three units that UTX is selling, profit +19% to $1.26B, boosted by strong demand for residential heating and cooling systems in N. America. Emerging markets were strong, except China, while "Europe remains awful." Holds FY earnings forecast steady but ups restructuring spending to $450M from $350M.
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  • Apr. 24, 2012, 6:35 AM
    United Technologies (UTX): Q1 EPS of $1.31 beats by $0.11. Revenue of $12.4B (-2% Y/Y) misses by $700M. (PR)
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  • Apr. 24, 2012, 12:05 AM
    Notable earnings before Tuesday's open: AKS, APD, ARMH, BHI, CE, CIT, COH, DLPH, HSY, ITW, JNS, MHP, MMM, NVS, PCAR, PH, PNR, RAI, RF, SNV, T, TROW, UTX, WFT, WU, X
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  • Apr. 23, 2012, 5:30 PM
    Notable earnings before Tuesday's open: AKS, APD, ARMH, BHI, CE, CIT, COH, DLPH, HSY, ITW, JNS, MHP, MMM, NVS, PCAR, PH, PNR, RAI, RF, SNV, T, TROW, UTX, WFT, WU, X
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  • Apr. 10, 2012, 5:07 PM
    UTC Climate, Controls & Security, a unit of United Technologies (UTX), sells its fire and security branch operations in the U.S. to Comvest Investment Partners, a private equity fund of the Comvest Group. Terms of the deal were not disclosed.
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  • Mar. 27, 2012, 5:57 AM
    The European Commission opens an in-depth probe into United Technologies' (UTX) $16.5B acquisition of Goodrich (GR) amid worries that the purchase could hurt competition for engine controls and AC power generators. United Tech remains publicly sanguine, saying it's confident it will close the deal by mid-year.
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  • Mar. 15, 2012, 2:03 PM
    More from United Technologies (UTX -0.5%): After all the dust settles from its divestitures and acquisition of Goodrich, the company anticipates ringing up sales in 2012 of $61B to $62B and seeing EPS fall in a range of $5.30 to $5.50.
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Company Description
United Technologies Corporation provides high technology products and services to the building systems and aerospace industries. Its business segments are Otis, UTC Climate, Controls & Security, Pratt & Whitney, UTC Aerospace Systems and Sikorsky.
Country: United States