United Technologies reports ‘strong start’ to 2019 financials

United Technologies (UTC) has reported a “strong start” to its 2019 financial results after it posted sales up 20% on the corresponding period last year. UTC’s first quarter sales came in at $18.4 billion exceeding expectations. Net income also saw a rise in the quarter coming in at $1.3 billion, while cash flow from operations was $1.5 billion and capital expenditures were $363 million, resulting in free cash flow of $1.1 billion. “United Technologies is off to a strong start in 2019,” said UTC chairman and chief executive officer Gregory Hayes. “We made significant progress this quarter on the integration