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United Technologies Corporation (UTC) is a provider of high technology products and services to the building systems and aerospace industries. It operates in four segments: Otis, Carrier, Pratt & Whitney, and Collins Aerospace Systems. Otis manufactures, sells and installs passenger and freight elevators, escalators, and moving walkways. Carrier provides heating, ventilating, air conditioning (HVAC), refrigeration, fire, security, and building automation products, solutions, and services. Pratt & Whitney supplies aircraft engines for the commercial, military, business jet and general aviation markets. Collins Aerospace Systems offers technologically advanced aerospace products and aftermarket service solutions. The company merged with Raytheon to form Raytheon Technologies.

StateClosed
TypePublic
Founded1934
HQFarmington, US
Websiteutc.com
Employee Ratings3.4
Culture scoreC

Latest Updates

Employees (est.) (Dec 2019)243,200(+2%)
Revenue (FY, 2019)$77 B(+16%)
Share Price (Apr 2020)$86

Key People/Management at United Technologies

Elizabeth B. Amato

Elizabeth B. Amato

Executive Vice President & Chief Human Resources Officer
Marshall O. Larsen

Marshall O. Larsen

Director
Harold W. McGraw

Harold W. McGraw

Director
Denise L. Ramos

Denise L. Ramos

Director
Fredric G. Reynolds

Fredric G. Reynolds

Director
Brian C. Rogers

Brian C. Rogers

Director
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United Technologies Office Locations

United Technologies has offices in Farmington, Berkeley, East Hartford, New York City and in 12 other locations
Farmington, US (HQ)
10 Farm Springs Rd
Berkeley, US
2855 Telegraph Ave #410
East Hartford, US
411 Silver Ln
Farmington, US
4 Farm Springs Rd
New York City, US
55 Water St, Brooklyn
Westford, US
7 Technology Park Dr
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United Technologies Financials and Metrics

United Technologies Revenue

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United Technologies's revenue was reported to be $77.05 b in FY, 2019 which is a 15.9% increase from the previous period.
USD

Revenue (Q1, 2020)

18.2b

Net income (Q1, 2020)

(83.0m)

EBIT (Q1, 2020)

1.8b

Market capitalization (3-Apr-2020)

74.5b

Closing stock price (3-Apr-2020)

86.0

Cash (31-Mar-2020)

8.0b

EV

114.9b
United Technologies's current market capitalization is $74.5 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

59.8b66.5b77.0b

Revenue growth, %

5%11%16%

Cost of goods sold

44.2b50.0b57.1b

Gross profit

15.6b16.5b20.0b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

15.2b16.7b16.5b18.4b19.6b19.5b18.2b

Cost of goods sold

11.3b12.4b12.5b13.7b14.4b14.2b

Gross profit

4.0b4.3b4.0b4.7b5.2b5.3b

Gross profit Margin, %

26%26%24%25%27%27%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

9.0b6.2b7.4b

Accounts Receivable

12.6b14.3b13.5b

Inventories

9.9b10.1b11.0b

Current Assets

32.9b35.5b37.5b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

7.7b11.1b13.8b6.2b6.8b7.3b8.0b

Accounts Receivable

11.7b12.0b12.6b13.6b13.7b13.6b13.1b

Inventories

8.9b9.0b9.1b10.5b10.9b11.2b11.5b

Current Assets

32.7b36.6b40.2b35.4b37.1b37.8b38.9b
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

4.9b5.7b5.9b

Depreciation and Amortization

2.1b2.4b3.8b

Inventories

(1.1b)(537.0m)(1.2b)

Accounts Payable

1.6b2.4b1.2b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

1.4b3.5b4.9b1.4b3.4b4.7b14.0m

Depreciation and Amortization

581.0m1.2b1.8b942.0m1.9b2.8b980.0m

Inventories

(631.0m)(962.0m)(991.0m)(697.0m)(1.1b)(1.5b)(707.0m)

Accounts Payable

576.0m2.0b3.0b(588.0m)(58.0m)1.1b(318.0m)
USDY, 2020

EV/EBIT

63.6 x

EV/CFO

173.9 x

Financial Leverage

3.3 x
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United Technologies Operating Metrics

FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019FY, 2019

Military Engine Shipments (Pratt & Whitney)

112 23 28 32 41 121 25 43 36 47 151 39 58 53 65 215

Large Commercial Engine Shipments (Pratt & Whitney)

538 139 139 129 130 537 124 210 198 247 779 189 173 165 219 746

Engine Shipments (Pratt & Whitney Canada)

2.30 k454 485 476 565 1.98 k503 492 546 641 2.18 k524 593 607 631 2.36 k

Facilities

500 500 650 650
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United Technologies Acquisitions / Subsidiaries

Company NameDateDeal Size
RaytheonJune 09, 2019
PrediktoAugust 20, 2018$121 b
Rockwell CollinsSeptember 04, 2017$30 b
Goodrich CorporationSeptember 22, 2011
Clipper WindpowerDecember 15, 2010
Rentokill - Initial Electronic Security GroupMarch 30, 2007£595 m
Lenel Systems IntermationalMarch 20, 2005$400 m
Rocketdune Propulsion & Power BusinessFebruary 22, 2005$700 m
Kidde Technologies Inc.December 16, 2004£1.40 b
Chubb Group LimitedJune 11, 2003
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United Technologies Revenue Breakdown

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United Technologies revenue breakdown by business segment: 33.1% from Collins Aerospace Systems, 23.7% from Carrier, 26.6% from Pratt & Whitney and 16.7% from Otis

United Technologies revenue breakdown by geographic segment: 11.9% from Asia Pacific, 17.4% from Europe, 61.4% from United States and 9.3% from Other

Human Capital Metrics

Source: www.utc.com
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United Technologies Online and Social Media Presence

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United Technologies Company Culture

  • Overall Culture

    C

    64/100

  • CEO Rating

    C+

    68/100

  • Compensation

    B

    72/100

  • Diversity

    D

    55/100

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United Technologies News and Updates

Raytheon Technologies' stock, formerly United Technologies, starts trading in the Dow Friday,

The Dow Jones Industrial Average will look a little different Friday, as the company formerly known as United Technologies no longer exists, with the industrial company's name changing to Raytheon Technologies Corp. and the ticker symbol changing to "RTX." The change comes after United Technologie…

United Technologies stock soars toward back-to-back double-digit gains for first time on record

Shares of United Technologies Corp. shot up 12.2% in afternoon trading, just one day after recording the biggest-ever one-day percentage gain of 15.8%. That puts the stock on track to post back-to-back double-digit percentage gains for the first time in its history, according to available FactSet d…

United Technologies Announces Early Tender Results and Pricing for Cash Tender Offers and Increase in Partial Offer Cap

FARMINGTON, Conn., Feb. 27, 2020 /PRNewswire/ -- United Technologies Corporation (NYSE: UTX) ("UTC") today announced the reference yield and consideration for the previously announced cash tender offers (the "Offers") for (1) any and all of its outstanding 4.500% Notes due 2020, 1.900%...

United Technologies, Raytheon offer EU concessions over $120 bln merger deal

United Technologies Corp and Raytheon Co have offered concessions to address EU antitrust concerns about their plan to create a $120 billion U.S. aerospace and defence giant, a filing on the European Commission website showed on Monday.

United Technologies Reports 2019 Results

FARMINGTON, Conn., Jan. 28, 2020 /PRNewswire/ -- Fourth Quarter 2019 Sales of $19.6 billion, up 8 percent versus prior year, including 1 percent organic growth GAAP EPS of $1.32, up 59 percent versus prior year Adjusted EPS of $1.94, down 1 percent versus prior year Full Year 2019 Sales...

EU to rule on $120 bln United Technologies, Raytheon deal by Feb. 28

EU antitrust enforcers will rule by Feb. 28 whether to approve United Technologies Corp and U.S. contractor Raytheon Co's bid to create a $121 billion aerospace and defence giant, a filing on the European Commission website showed.
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United Technologies Frequently Asked Questions

  • When was United Technologies founded?

    United Technologies was founded in 1934.

  • Who are United Technologies key executives?

    United Technologies's key executives are Elizabeth B. Amato, Marshall O. Larsen and Harold W. McGraw.

  • How many employees does United Technologies have?

    United Technologies has 243,200 employees.

  • What is United Technologies revenue?

    Latest United Technologies annual revenue is $77 b.

  • What is United Technologies revenue per employee?

    Latest United Technologies revenue per employee is $316.8 k.

  • Who are United Technologies competitors?

    Competitors of United Technologies include Northrop Grumman, Spirit AeroSystems and Boeing.

  • Where is United Technologies headquarters?

    United Technologies headquarters is located at 10 Farm Springs Rd, Farmington.

  • Where are United Technologies offices?

    United Technologies has offices in Farmington, Berkeley, East Hartford, New York City and in 12 other locations.

  • How many offices does United Technologies have?

    United Technologies has 18 offices.