Raytheon reports Q1 sales of $22.1 billions, up 9% year-on-year

Glonghui, April 21 — Raytheon reported first-quarter sales of $22.1 billion, a year-on-year increase of 9%, with organic growth of 10%. Adjusted earnings per share (EPS) were $1.78, up 21% year-on-year. The company reported net income attributable to common shareholders of $2.1 billion for the first quarter, which includes $400 million in acquisition accounting adjustments. Adjusted net income was $2.4 billion, up 22% from the previous year.