UTC's Earnings Preview: Restructuring Costs Will Likely More Than Offset Sales Growth

In the first quarter, the company guides its earnings to fall by 10% annually to around $1.25 per share due to restructuring costs more than offsetting moderate sales growth. However, we figure margin expansion gains driven by these restructuring activities will benefit UTC over the long term.

UTC's Earnings Preview: Restructuring Costs Will Likely More Than Offset Sales Growth