United Technologies Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported net sales of $15,680 million against $14,659 million a year ago. Operating profit was $1,952 million against $1,639 million a year ago. Income from continuing operations before income taxes was $1,705 million against $1,273 million a year ago. Income from continuing operations was $486 million against $1,124 million a year ago. Income from continuing operations attributable to common shareowners was $397 million or $0.50 per diluted share against $1,024 million or $1.26 per diluted share a year ago. Net income attributable to common shareowners was $397 million or $0.50 per diluted share against $1,013 million or $1.25 per diluted share a year ago. Adjusted net sales were $15,680 million against $14,659 million a year ago. Adjusted income from continuing operations attributable to common shareowners was $1,274 million against $1,270 million a year ago. Adjusted diluted earnings per share from continuing operations were $1.60 against $1.56 per share a year ago. Adjusted consolidated operating profit was $2,162 million against $2,160 million a year ago. Net cash flows provided by operating activities of continuing operations were $2,521 million against $1,845 million a year ago. Capital expenditures were $800 million against $656 million a year ago. Free cash flow from continuing operations was $1,721 million against $1,189 million a year ago.

For the year, the company reported net sales of $59,837 million against $57,244 million a year ago. Operating profit was $8,672 million against $8,172 million a year ago. Income from continuing operations before income taxes was $7,763 million against $7,133 million a year ago. Income from continuing operations was $4,920 million against $5,436 million a year ago. Income from continuing operations attributable to common shareowners was $4,552 million or $5.70 per diluted share against $5,065 million or $6.13 per diluted share a year ago. Net income attributable to common shareowners was $4,552 million or $5.70 per diluted share against $5,055 million or $6.12 per diluted share a year ago. Adjusted net sales were $60,222 million against $57,428 million a year ago. Adjusted income from continuing operations attributable to common shareowners was $5,315 million against $5,460 million a year ago. Adjusted diluted earnings per share from continuing operations were $6.65 against $6.61 per share a year ago. Adjusted consolidated operating profit was $8,782 million against $9,012 million a year ago. Net cash flows provided by operating activities of continuing operations were $5,631 million against $6,412 million a year ago. Capital expenditures were $2,014 million against $1,699 million a year ago. Free cash flow from continuing operations was $3,617 million against $4,713 million a year ago.

For the year 2018, the company expects adjusted EPS in range of $6.85 to $7.10 and total sales in range of $62.5 billion to $64 billion, including organic sales growth of 4% to 6%. The company expects free cash flow in the range of $4.5 billion to $5.0 billion. The company expects low to mid-single-digit sales growth in 2018.