Raytheon Technologies
Q4 2022 Earnings Call
Jan 24, 2023, 8:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, ladies and gentlemen, and welcome to the Raytheon Technologies fourth quarter 2022 earnings conference call. My name is Latif, and I will be your operator for today. As a reminder, this conference is being recorded for replay purposes. On the call today are Greg Hayes, chairman and chief executive officer; Chris Calio, chief operating officer; Neil Mitchill, chief financial officer; and Jennifer Reed, vice president of investor relations.
This call is being carried live on the internet, and there is a presentation available for download from Raytheon Technologies website at www.rtx.com. Please note, except where otherwise noted, the company will speak to results from continuing operations, excluding acquisition, accounting adjustments, and net nonrecurring and/or significant, often referred to by management as other significant items. The company also reminds listeners that the earnings and cash flow expectations and any other forward-looking statements provided in this call are subject to risks and uncertainty. Raytheon Technologies' SEC filings, including its Form 8-K, 10-Q, and 10-K, provide details on important factors that could cause actual results to differ materially from those anticipated in the forward-looking statement.
[Operator instructions] With that, I will turn the call over to Mr. Hayes.
Greg Hayes -- Chairman and Chief Executive Officer
Thank you, Latif. And good morning, everyone. Hope you all had a chance to review our press release this morning. Before we get into the highlights, I first like to welcome Chris Calio to the call.
As you know, Chris has been our chief operating officer for the last year, has been responsible for our business units, as well as our operations, engineering, and digital functions. Effective March 1, Chris has been elected to the position of president and chief operating officer of RTX. Chris has been instrumental over this past year in driving our focus on operational excellence and delivering for our customers in a very challenging environment. So, welcome, Chris.
OK. Let's go to the webcast slide for Slide 2, talk about some of the highlights for 2022. I don't need to tell anybody that '22 is an incredibly dynamic year, and I'm pleased to say that we were able to achieve, despite facing a number of significant challenges, including transitioning out of Russia, managing record levels of inflation, as well as supply chain and labor constraints. With all that as a backdrop, we still delivered 67.1 billion in sales for the full year, which was up 6% organically and adjusted EPS of $4.78, which was up 12% year over year.