United Technologies (UTX)

Q4 2010 Earnings Call

January 26, 2011 9:00 am ET


Akhil Johri - VP, IR

Gregory Hayes - Chief Financial Officer and Senior Vice President


Roger Johnston - Edison Investment Research Limited

Cai Von Rumohr - Cowen and Company, LLC

Robert Stallard - RBC Capital Markets, LLC

Douglas Harned - Bernstein Research

Richard Tortoriello - S&P Equity Research

Terry Darling - Goldman Sachs Group Inc.

Shannon O'Callaghan - Lehman Brothers

Ronald Epstein - BofA Merrill Lynch

Joseph Nadol - JP Morgan Chase & Co

Heidi Wood - Morgan Stanley

Jeffrey Sprague - Citigroup

Julian Mitchell

Samuel Pearlstein - Wells Fargo Securities, LLC

Deane Dray - Citigroup Inc

Nigel Coe - Deutsche Bank AG



Good morning, and welcome to the United Technologies Fourth Quarter Conference Call. On the call today are Greg Hayes, Senior Vice President and Chief Financial Officer; and Akhil Johri, Vice President, Financial Planning and Investor Relations. This call is being carried live on the Internet, and there is a presentation available for download from UTC's home page at www.utc.com. The company reminds listeners that the earnings and the cash flow expectations and any other forward-looking statements provided in this call are subject to risks and uncertainties. UTC's SEC filings, including its 10-Q and 10-K reports, provide details on important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements. Once the call becomes open for questions, we ask that you limit your first round of questions to two per caller to give everyone the opportunity to ask questions. You may ask further questions by reinserting yourself into the queue, and then we will answer those questions as additional time permits. Please go ahead, Mr. Hayes.

Gregory Hayes

Thank you, Michael, and good morning, everyone. As you saw in the press release this morning, a strong close to the year with 6% organic sales growth in the quarter. Solid margin expansion on the back has sustained cost traction and of course excellent cash flow.

If you liked this article you might like

Towers Watson & Co. - Analyst/Investor Day

Cresud's CEO Discusses F2Q12 Results - Earnings Call Transcript

Ocean Power Technologies Management Discusses Q1 2013 Results - Earnings Call Transcript

Microsemi Corporation - Analyst/Investor Day

Lattice Semiconductor's CEO Presents At Deutsche Bank's DbAccess 2012 Technology Conference (Transcript)