Latest news with #Calio
Yahoo
6 days ago
- Science
- Yahoo
Archaeologists Discover Stone Tools Crafted by Unknown Species
Archaeologists determined that seven stone tools found on the Indonesian island of Sulawesi date back to somewhere between 1.04–1.48 million years ago and belonged to an ancient human species yet to be identified by researchers. The bombshell discoveries were recently published in the journal Nature. The seven tools were originally excavated between 2019 and 2022 in a cornfield in the city of Calio. They were crafted with hard-hammer percussion techniques in which large pebbles cultivated from riverbeds were struck to form sharp-edged flakes, which would assist with cutting and scraping. Professor Adam Brumm, of Griffith University's Australian Research Centre for Human Evolution, co-led the international research team and described the tools as "simple, sharp-edged flakes of stone that would have been useful as general-purpose cutting and scraping implements." After determining the age of the tools to be somewhere between 1.04–1.48 million years old, scientists found that the timeline directly corresponds with the arrival of Homo erectus on the neighboring island of Java, where fossils dating back 1.6 million years have been discovered. This newest find introduces more questions than it provides answers regarding the archaeological history of Sulawesi, where previously the oldest discovered fossil was an upper jaw fragment belonging to modern Homo sapiens, dating to just 25,000–16,000 years ago. Researchers say that the tools' discovery raises tantalizing questions about hominin travel across Southeast Asia. The find would seem to indicate multiple waves of occupation by different species and populations rather than a linear migration. The tools themselves show a nuanced and detailed understanding of stonesmanship, which could only have been passed down through several generations. "Sulawesi is a wild card—it's like a mini-continent in itself,' Brumm said. 'If hominins were cut off on this huge and ecologically rich island for a million years, would they have undergone the same evolutionary changes as the Flores hobbits? Or would something totally different have happened?"Archaeologists Discover Stone Tools Crafted by Unknown Species first appeared on Men's Journal on Aug 11, 2025 Solve the daily Crossword
Yahoo
17-06-2025
- Business
- Yahoo
RTX's Q1 Earnings Call: Our Top 5 Analyst Questions
Raytheon's first quarter results exceeded Wall Street's revenue and non-GAAP profit expectations, but the market reacted negatively, focusing on external risks highlighted during the call. Management credited the quarter's performance to robust growth in commercial aftermarket services, disciplined execution on cost transformation, and continued progress in the supply chain. CEO Chris Calio emphasized a 21% increase in commercial aftermarket sales and 120 basis points of segment margin expansion as key highlights. The leadership acknowledged ongoing industry challenges, including dynamic operating conditions and supply chain pressures, but underscored resilience in core segments such as aftermarket services and defense programs. Is now the time to buy RTX? Find out in our full research report (it's free). Revenue: $20.31 billion vs analyst estimates of $19.92 billion (5.2% year-on-year growth, 1.9% beat) Adjusted EPS: $1.47 vs analyst estimates of $1.37 (7.5% beat) Adjusted EBITDA: $3.72 billion vs analyst estimates of $3.11 billion (18.3% margin, 19.3% beat) The company reconfirmed its revenue guidance for the full year of $83.5 billion at the midpoint Management reiterated its full-year Adjusted EPS guidance of $6.08 at the midpoint Operating Margin: 10%, in line with the same quarter last year Market Capitalization: $195.7 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Peter Arment (Baird) asked about the impact of European defense spending on Raytheon's opportunity pipeline. CEO Chris Calio responded that European commitments are increasing demand for integrated air and missile defense, with strong regional partnerships supporting order flow. Robert Stallard (Vertical Research) sought clarification on the $850 million tariff impact and the company's ability to pass costs to customers. Calio explained the estimate already incorporates mitigations and noted that pricing actions are possible but must be balanced with customer relationships. Myles Walton (Wolfe Research) questioned assumptions around customer behavior and supply chain disruption due to tariffs and China exposure. Calio indicated that while China is a small portion of imports, the company is diversifying sourcing and remains vigilant for supply chain shocks. Sheila Kahyaoglu (Jefferies) pressed for detail on the timing and segment impact of tariffs. CFO Neil Mitchill clarified the majority of the impact would be split evenly between Collins and Pratt, and is expected to be back-half loaded as inventory turns over. Noah Poponak (Goldman Sachs) asked about margin guidance at Collins and Pratt, and whether outlooks leave room for absorbing softening demand or tariff costs. Mitchill noted the outlook accommodates some uncertainty, and margins could flex depending on market conditions. In the coming quarters, the StockStory team will watch (1) the implementation and effectiveness of tariff mitigation strategies, (2) the pace of defense backlog conversion into revenue, especially in Europe, and (3) the sustainability of aftermarket demand as travel trends evolve. Progress on new engine programs and supply chain resilience will also be important indicators for future performance. RTX currently trades at $148.74, up from $126.03 just before the earnings. At this price, is it a buy or sell? The answer lies in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
RTX Corporation (RTX) Says Pratt & Whitney Strike Will Constrain Q2 Cash Flow
The three-week-long strike by Pratt & Whitney engine workers is likely to weigh on RTX Corporation (NYSE:RTX)'s cash flow during the second quarter, CEO Chris Calio told the Bernstein Strategic Decisions Conference on Wednesday. A person wearing a hardhat and safety glasses in a factory installing a LED high bay fixture. On Tuesday, about 3,000 machinists approved a new four-year contract, marking the end of the first strike at the engine-maker's Connecticut sites since 2001, where the workers' top priority was securing a commitment from RTX Corporation (NYSE:RTX) subsidiary Pratt & Whitney to maintain work on the F-35 fighters in the state. According to Calio, the strike hampered the company's ability to ship jet engines because of which he expects break-even to negative cash flow during Q2. However, the RTX Corporation (NYSE:RTX) CEO was confident about the company's ability to recover from the impact in the quarters ahead. RTX Corporation (NYSE:RTX)'s shares were down 1% as of 2 PM EDT on Wednesday. Despite the dip, the company has had impressive year-to-date returns of nearly 15% on the back of notable high-value contract awards. During the conference, Calio described President Trump's proposed Golden Dome missile defense shield as a unique opportunity. He also added that RTX Corporation (NYSE:RTX) continues to expect strong weapons demand from Europe despite ongoing trade tensions. While we acknowledge the potential of RTX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RTX and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
RTX Corporation (RTX) Says Pratt & Whitney Strike Will Constrain Q2 Cash Flow
The three-week-long strike by Pratt & Whitney engine workers is likely to weigh on RTX Corporation (NYSE:RTX)'s cash flow during the second quarter, CEO Chris Calio told the Bernstein Strategic Decisions Conference on Wednesday. A person wearing a hardhat and safety glasses in a factory installing a LED high bay fixture. On Tuesday, about 3,000 machinists approved a new four-year contract, marking the end of the first strike at the engine-maker's Connecticut sites since 2001, where the workers' top priority was securing a commitment from RTX Corporation (NYSE:RTX) subsidiary Pratt & Whitney to maintain work on the F-35 fighters in the state. According to Calio, the strike hampered the company's ability to ship jet engines because of which he expects break-even to negative cash flow during Q2. However, the RTX Corporation (NYSE:RTX) CEO was confident about the company's ability to recover from the impact in the quarters ahead. RTX Corporation (NYSE:RTX)'s shares were down 1% as of 2 PM EDT on Wednesday. Despite the dip, the company has had impressive year-to-date returns of nearly 15% on the back of notable high-value contract awards. During the conference, Calio described President Trump's proposed Golden Dome missile defense shield as a unique opportunity. He also added that RTX Corporation (NYSE:RTX) continues to expect strong weapons demand from Europe despite ongoing trade tensions. While we acknowledge the potential of RTX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RTX and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
RTX CEO said Pratt & Whitney strike will impact quarterly cash
(Reuters) -A weeks' long strike by 3,000 U.S. Pratt & Whitney engine workers will impact free cash flow during the second quarter, but the aerospace and defense giant should be able to recover that during the year, RTX CEO Chris Calio said on Wednesday. "There will be cash impact here in the second quarter," Calio told the Bernstein Strategic Decisions Conference. Calio said the four-week stoppage at Pratt's unionized Connecticut factories impacted its ability to ship jet engines, and he expects break even to negative cash flow in the quarter. RTX shares dipped 2% in morning trade. (Reporting By Allison Lampert, Editing by Nick Zieminski) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
