PROVIDENCE, R.I.--(BUSINESS WIRE)--Cristina Méndez has been elected to Textron's Board of Directors, effective February 15, 2026. ...

Summary of Key Points from the Conference Call Industry Overview - **Industry**: Global Aerospace & Defense - **Focus**: US Defense Stocks and Budget Outlook for 2026 and Beyond Core Insights and Arguments 1. **Performance of Defense Stocks**: US defense stocks outperformed in early 2026 amid rising geopolitical tensions and President Trump's proposed $1.5 trillion defense budget for 2027, although uncertainty remains high [1][7] 2. **Budget Dynamics**: The 2026 DoD Appropriations Bill has been drafted, increasing investment funding by 27% compared to 2025, marking the largest increase in over 20 years. However, there are concerns regarding the clarity of future budgets beyond 2026 [4][24] 3. **Geopolitical Tensions**: Recent geopolitical events have calmed but remain a significant factor influencing defense budgets. Ongoing threats from countries like Iran, China, and Russia continue to exert upward pressure on defense spending [4][17][18] 4. **Executive Orders Impact**: President Trump's Executive Order restricts defense companies from share repurchases and limits executive compensation, which could pose short-term risks to stock prices [20][21] 5. **Future Budget Projections**: The proposed $1.5 trillion budget for 2027 is viewed as unlikely, with expectations for a budget increase but significant challenges in gaining Congressional support [22][23] Company-Specific Insights L3Harris - **Rating**: Outperform, Target Price: $398 - **Strengths**: High growth areas in space and rocket propulsion, strong margins in Communication Systems, and rising backlogs [8][34] - **Recent Developments**: Plans to spin off the Missile Solutions business through an IPO, supported by a $1 billion investment from the US government [35][36] Northrop Grumman (NOC) - **Rating**: Market-Perform, Target Price: $727 - **Strengths**: Strong positioning in nuclear deterrence and next-gen space programs, with growth expected from B-21 and other key programs [39] - **Challenges**: Issues with big programs and delays affecting growth potential [39] Lockheed Martin (LMT) - **Rating**: Market-Perform, Target Price: $586 - **Strengths**: High growth in Missiles & Fire Control, demand for tactical missiles [41] - **Concerns**: Execution issues and slower growth outlook due to challenges in the F-35 program [41][42] General Dynamics (GD) - **Rating**: Market-Perform, Target Price: $398 - **Strengths**: Rising demand for Navy shipbuilding and strong performance in Gulfstream business jets [46][47] - **Challenges**: Supply chain issues affecting throughput and margins [47] Raytheon (RTX) - **Rating**: Market-Perform, Target Price: $189 - **Strengths**: Growing backlog and international sales [54] - **Concerns**: Identified by President Trump as underperforming in meeting DoD demand [55] HII - **Rating**: Market-Perform, Target Price: $412 - **Strengths**: Improving shipbuilding outlook and strong backlog [49][51] - **Challenges**: Historical throughput disappointments and supply chain issues [50] Additional Important Points - **Investment Implications**: The overall dynamics are positive for defense stocks, but near-term risks related to executive orders and cash deployment policies could impact stock performance [7][33] - **Congressional Concerns**: There are significant questions regarding the Golden Dome funding and the new DoD acquisition strategy, with Congress demanding clarity on spending and performance metrics [26][27][28] This summary encapsulates the key points discussed in the conference call, highlighting the current state of the aerospace and defense industry, specific company insights, and broader implications for investors.

On Wednesday, Textron (NYSE: TXT) unveiled its final set of financials for 2025. To say this wasn't greeted warmly by investors is understating the case; those folks reacted by aggressively selling out of the stock to leave it with an almost 8% loss that trading session. Soaring after the strike Textron's fourth quarter of 2025 saw the company lift its revenue by 16% to just under $4.18 billion, although this isn't as impressive as it first appears -- the year-ago figure was negatively affected by a mont ...

Core Insights - Textron reported fourth-quarter 2025 results that met earnings expectations and exceeded revenue forecasts, but shares fell 8% intra-day due to weaker-than-expected guidance for 2026 [1] Group 1: Financial Performance - Adjusted earnings were $1.73 per share on revenue of $4.2 billion, matching earnings consensus and topping revenue expectations of $4.1 billion [1] - Revenue rose 16% year over year, with full-year revenue increasing 8% to $14.8 billion [1] Group 2: Segment Performance - Textron Aviation recorded a 36% revenue increase to $1.7 billion, delivering 49 jets during the quarter compared to 32 a year earlier, as operations rebounded from a late-2024 strike [2] - Bell helicopter revenue climbed 11% to $1.3 billion, driven by higher military deliveries tied to the U.S. Army's MV-75 program [2] Group 3: Future Guidance - For fiscal 2026, Textron forecast adjusted earnings of $6.40 to $6.60 per share on revenue of approximately $15.5 billion, below the analyst consensus of $6.84 [3] - Manufacturing cash flow before pension contributions is expected to range between $700 million and $800 million [3]

Core Insights - Textron Inc. (TXT) reported fourth-quarter 2025 adjusted earnings of $1.73 per share, slightly missing the Zacks Consensus Estimate of $1.74 by 0.8%, but showing a significant increase of 29.1% from $1.34 in the same quarter last year [1] - The company achieved total revenues of $4.18 billion, exceeding the Zacks Consensus Estimate of $4.14 billion by 0.8%, and reflecting a 15.7% increase from $3.61 billion in the prior year [2] - For the full year 2025, adjusted earnings were reported at $6.10 per share, up from $5.48 in 2024, while total revenues reached $14.8 billion compared to $13.7 billion in the previous year [1][2] Segment Performance - Textron Aviation segment revenues surged 36% year over year to $1.7 billion, driven by higher deliveries of Citation jets and commercial turboprops, with a total of 49 jets and 43 turboprops delivered [3] - The Bell segment reported revenues of $1.3 billion, an 11% increase from the previous year, attributed to higher volume on the U.S. Army's MV-75 program, despite a slight decline in commercial revenues [4] - Textron Systems generated revenues of $323 million, up $12 million from the prior year, while the Industrial segment saw a decline of $48 million to $821 million due to the divestiture of the Powersports business [5] Financial Overview - As of January 3, 2026, Textron's cash and cash equivalents stood at $1.94 billion, an increase from $1.39 billion a year earlier, with cash generated from operating activities amounting to $1.33 billion compared to $1.01 billion in 2024 [8] - Capital expenditures for the year totaled $383 million, up from $364 million in the previous year, while long-term debt increased to $3.53 billion from $2.89 billion [8] Guidance - Textron anticipates revenues of approximately $15.5 billion for 2026, with adjusted earnings expected to be in the range of $6.40 to $6.60 per share, compared to the Zacks Consensus Estimate of $6.67 per share [9]

Textron (NYSE:TXT) Q4 2025 Earnings call January 28, 2026 08:00 AM ET Company ParticipantsDavid Rosenberg - CFOGavin Parsons - Director of Equity ResearchJohn Godyn - Managing DirectorKristine Liwag - Managing DirectorLisa Atherton - CEOMyles Walton - Managing DirectorNoah Poponak - Managing Director of Equity ResearchPeter Arment - Managing DirectorRobert Stallard - PartnerScott Donnelly - Executive ChairmanScott Hegstrom - VP of Investor Relations and TreasurerSeth Seifman - Exevutive DirectorSheila Kahya ...

Textron (NYSE:TXT) Q4 2025 Earnings call January 28, 2026 08:00 AM ET Company ParticipantsDavid Rosenberg - CFOGavin Parsons - Director of Equity ResearchJohn Godyn - Managing DirectorKristine Liwag - Managing DirectorLisa Atherton - CEOMyles Walton - Managing DirectorNoah Poponak - Managing Director of Equity ResearchPeter Arment - Managing DirectorRobert Stallard - PartnerScott Donnelly - Executive ChairmanScott Hegstrom - VP of Investor Relations and TreasurerSeth Seifman - Exevutive DirectorSheila Kahya ...

Textron (NYSE:TXT) Q4 2025 Earnings call January 28, 2026 08:00 AM ET Speaker7Thank you for standing by, and welcome to the Textron fourth quarter 2025 conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, again, press star one. Thank yo ...

分组1 - Textron reported quarterly earnings of $1.73 per share, missing the Zacks Consensus Estimate of $1.74 per share, but showing an increase from $1.34 per share a year ago, resulting in an earnings surprise of -0.80% [1] - The company posted revenues of $4.18 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.83% and increasing from $3.61 billion year-over-year [2] - Textron has outperformed the S&P 500 with an 8.1% increase in share price since the beginning of the year, compared to the S&P 500's gain of 1.9% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $1.37 on revenues of $3.51 billion, and for the current fiscal year, it is $6.67 on revenues of $15.33 billion [7] - The Aerospace - Defense industry, to which Textron belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Core Viewpoint - Textron experienced an increase in fourth-quarter results, driven by strong demand in its aviation segment, particularly in aftermarket services and higher aircraft deliveries [1] Company Performance - The aviation segment of Textron showed significant growth due to robust demand for aftermarket services [1] - There was an increase in aircraft deliveries, contributing positively to the overall performance in the fourth quarter [1]