The Rising Influence of Rising Affluence

[DewDiligence]

UTX issues modest 2013 guidance for EPS and “organic growth”:

http://www.reuters.com/article/2012/12/14/unitedtech-outlook-idUSL1E8NDF6H20121214

United Technologies Corp expects its profit to rise about 13 percent next year, with growing demand for its systems that are used in buildings helping to offset lower U.S. defense spending.

The world's No. 1 maker of elevators and air conditioners, whose other businesses include jet engines and helicopters, on Thursday projected 2013 [non-GAAP] earnings of between $5.85 to $6.15 per share. The midpoint would represent a 13 percent rise from the $5.32 per share it expects to report for 2012.

Analysts, on average, expect 2013 earnings of $6.12 per share, according to Thomson Reuters I/B/E/S.

…United Tech expects 2013 revenue to reach $64 billion to $65 billion, an 11 percent rise from the $58 billion it now expects for 2012. Wall Street had expected sales to reach $66.4 billion next year.

It anticipates sales of jet engines and other equipment to commercial airlines and recovering demand from the construction sector for its Otis elevators and Carrier air conditioners to offset a decline in sales of military engines and helicopters.

It forecast organic sales -- a measure that excludes the effects of acquisitions and currency fluctuations -- to rise 3 percent to 5 percent.