The parent company of helicopter maker Sikorsky Aircraft, Otis elevator and other businesses beat Wall Street estimates, posting net income of $1.56 billion, or $1.70 per share, or $1.69 per share to account for discontinued businesses.
United Technologies, based in Hartford, Conn., fell shy of analyst expectations for revenue, posting sales of $16 billion, up 16 percent from 2012.
Analysts polled by FactSet, on average, expected earnings of $1.58 per share on revenue of $16.37 billion.
CEO Louis Chenevert said strong orders put the company in a good position for a return to growth, excluding its acquisitions in the second half of 2013.
New equipment orders at Otis increased 23 percent over the year-ago quarter, led by 39 percent growth in China.
Orders for large commercial engine spare parts were up 65 percent at Pratt & Whitney, including the benefit from its Rolls-Royce buyout. Excluding benefits from the Rolls-Royce deal, commercial spare parts orders rose 15 percent at Pratt & Whitney.
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