Issue link: https://nebusinessmedia.uberflip.com/i/986453
18 Hartford Business Journal • May 28, 2018 • www.HartfordBusiness.com Corporate Profile United Technologies Corp. 10 Farm Springs Road, Farmington, CT 06032 | www.utc.com UTC, through its various subsidiar- ies, provides tech- nology products and services to building systems and aerospace in- dustries worldwide. 2015 2016 2017 $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 In millions of dollars Profits Revenues $7.6B $5.1B $4.6B $56.1B $57.2B $59.8B $7.6B $5.1B $4.6B News Headlines ■ ■ In May, some UTC investors exerted more pressure on the company's management and board to break up the conglomerate in order to improve shareholder value. ■ ■ UTC recently announced that it would sell its Taylor Co. subsidiary, which manufactures ice cream and frozen-drink machines, to Middleby Corp. for $1 billion. ■ ■ In May, the European Union Commission approved UTC's $30 billion planned buyout of aviation systems maker Rockwell Collins. ■ ■ In April, UTC said its first-quarter profits were flat despite seeing a 10 percent jump in revenues. Corporate suite Stock Other Exec. Salary Bonus Awards Compensation Total Gregory J. Hayes Chairman/CEO $1,500,000 $3,300,000 $7,877,818 $482,044 $17,027,493 David L. Gitlin Pres., UTC Aerospace $812,500 $1,100,000 $6,855,052 $181,970 $10,278,768 Akhil Johri EVP & CFO $851,250 $1,100,000 $2,674,030 $356,512 $6,063,064 Profits and Revenues Fact box Industry: Aerospace/defense products and services 1Q 2018 Revenue: $15.2B 1Q 2017 Net Income: $1.3B 1Q 2016 Net Income: $1.4B Quarterly Profit Change: $(89M) Cash: $7.7B Employees: 204,700 Competitors: Boeing General Electric Airbus Stock watch Ticker Symbol UTC Market Cap $102.5B 52 Week Range Price $109.10 - $139.24 Outstanding Shares 798.57M Top institutional investors Shares % Stake State Street Corp. 90,101,251 11.26 Vanguard Group Inc. 57,346,994 7.17 Blackrock Inc. 46,850,302 5.86 Gregory J. Hayes, Chairman, CEO & President Quality Construction + Butler Manufacturing = Repeat Customers www.borghesibuilding.com © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing™ is a division of BlueScope Buildings North America, Inc. 2155 East Main Street • Torrington, Connecticut 06790 Wittmann Battenfeld, Torrington, CT | 2000 | 37,000 sq. ft. 2006 | Addition — 14,400 sq. ft. 2013 | Addition — 18,900 sq. ft. Contact us at 860-482-7613 or visit us on the web. Our products and services were designed with your growing needs in mind. Visit chelseagroton.com/growthatbusiness or call 860-448-4203 to learn how we can grow that business of yours together. When you have the right bank for your business, you'll never have to grow alone. BUSINESS BANKING & COMMERCIAL LOANS • CASH MANAGEMENT SOLUTIONS