Canadian Maritime H-92 hits Sikorsky parent UTC results | Helihub - the Helicopter Industry Data Source
Canadian Maritime H-92 hits Sikorsky parent UTC results
24 Jan, 13
UTC, the parent company of Sikorsky, reported its fourth quarter and full year results yesterday. In a very telling section of the press release, they admit that "earnings per share [of parent UTC] of $1.04 were down 27%" and of that, "results included a $0.12 charge recorded at Sikorsky related to the Canadian Maritime Helicopter program". The detail is that the "Earnings Per Share of Common Stock - Diluted", subtitle "From continuing operations" fell 27% from $1.42 to $1.04.
So, the Canadian Maritime Helicopter program contributed $0.12 of the $0.38 drop in group earnings per share. Consider that against the fact that Sikorsky only contributes 11.8% of UTC's turnover - $6,791B out of $57.708B
The annual numbers also showed Sikorsky were
* 7.7% down on turnover to $6.791B from $7.355B
* 15.2% down on operating profit to $712M from $840M
* Profit margin was down from 11.4% to 10.5%