Bloomberg News

United Technologies Forecasts 2012 Sales Exceeding Estimates

December 16, 2011

Dec. 15 (Bloomberg) -- United Technologies Corp. forecast 2012 sales of $64 billion after the acquisition of Goodrich Corp., exceeding analysts’ estimates.

Earnings per share from the company’s base business excluding Goodrich will be $5.80 to $6, United Technologies said today in a slide presentation ahead of a meeting with analysts and investors in New York. Profit including Goodrich will be $5.30 to $5.50 a share.

United Technologies agreed in September to buy Goodrich, the world’s largest maker of aircraft landing gear, for $16.5 billion to bolster a stable of products that includes Sikorsky helicopters, Otis elevators and Carrier air conditioners.

The sales forecast includes Goodrich and compares with the $63 billion average estimate of 19 analysts surveyed by Bloomberg. Hartford, Connecticut-based United Technologies has said the Goodrich deal would damp 2012 earnings and boost profit in 2013.

--Editors: Ed Dufner, Stephen West

To contact the reporter on this story: Rachel Layne in New York at rlayne@bloomberg.net.

To contact the editor responsible for this story: Ed Dufner at edufner@bloomberg.net.


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