UTC earnings rise on strong sales in fourth quarter of 2018
Corridor Business Journal: United Technologies Corp., the parent company of Collins Aerospace Systems, reported sharply higher sales and earnings for the fourth quarter of 2018. Adjusted earnings per share rose 22 percent to $1.95. Net income for the quarter rose 73 percent, boosted by the acquisition of Cedar Rapids-based Rockwell Collins, and sales were up 15 percent, to $18 billion, a news release said. For the full year, UTC said adjusted earnings per share rose 14 percent to $7.61.
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