United Technologies (UTX) Remains Focused On Key Priorities
Zacks Investment Research | Dec 27, 2017 09:40PM ET
On Dec 27, we issued an updated research report on industrial goods manufacturer, United Technologies Corporation (NYSE:UTX) .
United Technologies serves various end markets such as aerospace, defense and commercial construction, which move according to their own cycles. This business mix and diversification allows the company to remain profitable even during tough economic times, delivering consistent earnings and dividend growth. United Technologies also has a strong aftermarket business. The company not only manufactures and sells primary products such as elevators, aircraft engines and helicopters but also sells spare parts and offers related services to keep the primary products running. The company’s aftermarket services business is relatively stable compared to new product delivery, and it helps offset the negative impact of downturns in the new products market.
In order to fuel its growth momentum, the company remains focused on four key priorities — flawless execution, innovation for growth, structural cost reduction and disciplined capital allocation. United Technologies has also revamped its aerospace unit. These include an overhaul of its organizational structure in the aerospace business along with some key changes in the leadership positions within it. United Technologies anticipates that the streamlined organizational set-up would enable it to better serve its customers. In addition, the company expects that the strategic moves will further ensure a successful entry and production ramp-up of its Geared Turbofan engines to thwart intense competition from peers like General Electric Company (NYSE:GE) , Honeywell International Inc. (NYSE:HON) and Rolls Royce (LON:RR).
With a diligent execution of operational plans, the company has outperformed the Original post
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