OverviewSuggest Edit

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, CT, US
Employee Ratings3.4
Overall CultureC

Latest Updates

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

Key People/Management at United Technologies

Thomas A. Kennedy

Thomas A. Kennedy

Executive Chairman, Raytheon Technologies
Gregory J. Hayes

Gregory J. Hayes

Chief Executive Officer
David L. Gitlin

David L. Gitlin

President & Chief Executive Officer
Elizabeth B. Amato

Elizabeth B. Amato

Executive Vice President & Chief Human Resources Officer
David Appel

David Appel

President, Refrigeration
Vince Campisi

Vince Campisi

Senior Vice President & Chief Digital Officer
Show more

United Technologies Office Locations

United Technologies has offices in Farmington, Berkeley, East Hartford, New York City and in 12 other locations
Farmington, CT, US (HQ)
10 Farm Springs Rd
Berkeley, CA, US
2855 Telegraph Ave #410
East Hartford, CT, US
411 Silver Ln
Farmington, CT, US
4 Farm Springs Rd
New York City, NY, US
55 Water St, Brooklyn
Westford, MA, US
7 Technology Park Dr
Show all (18)

United Technologies Financials and Metrics

United Technologies Revenue

Embed Graph
View revenue for all periods
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)
USDFY, 2017

EV/EBIT

14.5 x

EV/CFO

21 x

EV/FCF

32.7 x

Revenue/Employee

292.3k

Debt/Equity

0.8 x

Debt/Assets

0.3 x

Financial Leverage

3.1 x

P/E Ratio

46.6
Show all financial metrics

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)

112232832411212543364715139585365215

Large Commercial Engine Shipments (Pratt & Whitney)

538139139129130537124210198247779189173165219746

Engine Shipments (Pratt & Whitney Canada)

2.3 k4544854765651.98 k5034925466412.18 k5245936076312.36 k

Facilities

500500650650
Show all operating metrics

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£1.4 b
Chubb Group LimitedJune 11, 2003
Show more

United Technologies Revenue Breakdown

Embed Graph

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
Embed Graph
Show all human capital metrics

United Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

United Technologies Online and Social Media Presence

Embed Graph

United Technologies Company Culture

  • Overall Culture

    C

    64/100

  • CEO Rating

    C+

    68/100

  • Compensation

    B

    72/100

  • Diversity

    D

    55/100

Learn more on Comparably

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 billion 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 defense giant, a filing on the European Commission website showed on Monday.

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...
Show more

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 Thomas A. Kennedy, Gregory J. Hayes and David L. Gitlin.

  • 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 HEICO, Boeing and Northrop Grumman.

  • 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.