Wednesday, April 7, 2010 as of 11:14 AM ET
Louis R. Chênevert is the Chairman and Chief Executive Officer of United Technologies Corporation. He was elected to be UTC's CEO in succession of George David and has assumed that role effective April 9, 2008. Chênevert earned a bachelor of commerce degree in production management from the Université de Montréal, École des Hautes Études Commerciales (HEC).
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United Technologies (NYSE:UTX) disclosed a stronger-than-expected profit for the first-quarter Tuesday, but the world's largest maker of elevators and air conditioner posted sales that missed Wall Street's forecasts.
Despite the mixed picture, shares of the blue-chip conglomerate rose more than 1% ahead of the opening bell.Hartford-based UTC said it earned $1.18 billion, or $1.31 a share, last quarter, compared with a profit of $967 million, or $1.06 a share, a year earlier. Analysts had been calling for EPS of $1.20.Revenue slipped 2% to $12.42 billion, missing the Street's view of $12.71 billion."We continue to deliver earnings growth even as we make transformational changes to our portfolio and invest in game changing technologies," CEO Louis Chenevert said in a statement.UTC said its net sales at its Otis elevators division were flat at $2.77 billion, while sales declined 6.4% to $4.11 billion at its climate, controls and security unit that includes Carrier. Sales at Sikorsky helico...Diversified U.S. manufacturer United Technologies reported a 13% rise in profit, topping analysts' expectations, as commercial jet operators spent more on maintainin...
United Technologies (UTX) reported better-than-expected fourth-quarter earnings, helped mostly by aggressive cost-cutting.The company, which makes everything from Ot...
Carried by stronger profits at its Pratt & Whitney aircraft division, United Technologies (NYSE:UTX) posted an 11% jump in fourth-quarter profits on Wednesday.The bl...
Diversified manufacturer United Technologies (NYSE:UTX) beat the Street on Wednesday as broad sales growth triggered a 10.5% increase in third-quarter earnings.The H...
Shares of United Technologies Corp (NYSE:UTX) fell 4.5 percent in premarket trading on Thursday after the diversified U.S. manufacturer said it would pay $16.5 billi...
United Technologies Corp is lining up financing in the double-digit billions of dollars to support a major acquisition in the United States, according to two people ...
By Scott Malone and Nick ZieminskiBOSTON/NEW YORK (Reuters) - A pair of top U.S. manufacturers topped Wall Street's profit expectations, as a recovering global econo...
Manufacturer United Technologies (NYSE:UTX) said Wednesday it grew its first-quarter profits by a stronger-than-expected 17%, prompting the blue-chip company to rais...
United Technologies Inc (NYSE:UTX,) on Wednesday reported fourth-quarter income attributable to shareholders of $1.2 billion against results of $1.1 billion in the y...
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