United Technologies Corp. releases first-quarter earnings Wednesday and investors want to see whether the Hartford maker of elevators, jet engines, heating and cooling equipment and other aerospace and building systems products, continues to posts gains in certain businesses, The Associated Press reports.
Its results are due before the stock market opens.
Investors will look at whether UTC continues to make gains in its Carrier heating and air conditioning products business and its Otis elevator operations.
UTC last month raised the lower end of its profit guidance for 2011, saying businesses such as elevators, commercial plane spare parts and heating and air conditioning systems are doing well in the economic recovery.
Improvements were already seen last year. In its 2010 fourth quarter, UTC said stronger results from Carrier and its airline commercial spare parts business for jet engine maker Pratt & Whitney helped boost profit. But Chief Financial Officer Greg Hayes said sales were still below 2008 levels.
UTC announced last week it would raise its quarterly dividend to 48 cents a share, up from 42.5 cents.
