Acquisitions boost UTC's income 17.5%

Jul 24, 2013 | 04:10 PM | Frank Haflich

Tags  United Technologies, Pratt & Whitney, Goodrich, Otis Elevator, Louis Chenevert, quarterly earnings, aerospace, Frank Haflich

LOS ANGELES — Acquisitions helped United Technologies Corp. (UTC) boost its second-quarter net income 17.5 percent, and the company sees organic growth making a larger contribution in the second half.

Net income attributable to common shareholders totaled $1.56 billion for the quarter ended June 30, up from $1.33 billion in the same period last year, on sales that rose 15.9 percent to $16.01 billion from $13.81 billion, according to the Hartford, Conn.-based manufacturer of aerospace engines and components, as well as industrial products.....

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