Before I turn it over to Greg to take you through the second quarter results, just a few comments on the year. It is certainly a challenging environment out there, with a slowing global economy, the euro trading near 1.2 and the late July close for Goodrich. Therefore, we are rebaselining our expectations for the year. We now expect sales of $58 billion to $59 billion, $3 billion lower than our prior expectation and earnings per share of $5.25 to $5.35 versus our prior expectation of $5.30 to $5.50 with FX and the late July close of Goodrich accounting for about $0.15 of additional headwind.
United Technologies Management Discusses Q2 2012 Results - Earnings Call Transcript
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