"Reserve Now" program allows buyers to customize and order a new E-Z-GO vehicle without going to a dealershipAUGUSTA, Ga., April 3, 2025 /PRNewswire/ -- Textron E-Z-GO LLC, a Textron Inc. (NYSE: TXT) company, announces its new "Reserve Now" feature to enable anyone to customize and order their dream E-Z-GO® golf car, personal-transport vehicle, or street-legal low-speed vehicles online, without an initial visit to a dealership. Courtesy of E-Z-GO This new feature helps future E-Z-GO owners save time and ...

Dublin, April 03, 2025 (GLOBE NEWSWIRE) -- The "Textron Systems - Strategy Playbook - 2025 - Strategy Focus, Key Strategies & Plans, SWOT, Trends & Growth Opportunities, Market Outlook" company profile has been added to ResearchAndMarkets.com's offering.The 2025 edition of this Strategy Playbook report analyses the overall Strategy Focus and provides insights into the overall Strategy Focus and decrypts the key Strategies & Plans being pursued by Textron Systems for the near to medium term horizon amid a c ...

Newport News, VA - March 10, 2025 - Airborne Tactical Advantage Company (ATAC), part of the Textron Systems segment of Textron Inc. (NYSE:TXT), announced today that it has been awarded the 2024 Federal Aviation Administration (FAA) William "Bill" O'Brien Diamond Award of Excellence. This is the company's 12th consecutive time achieving this honor. The award recognizes outstanding work in advancing aviation safety and a commitment to continuous training within the company. "Our technicians continue to set ...

Group 1 - CCC has signed a government to government (G2G) contract with the Ministry of Defense of Montenegro for maintenance and repair services provided by Bell Textron Canada Limited [1] - Montenegro acquired Bell 505 and 412 helicopters in 2020 through a G2G contract facilitated by CCC [2] - Bell Textron is Canada's leading manufacturer of vertical lift aircraft, producing a range of commercial and military helicopters [3] Group 2 - CCC supports Canadian businesses like Bell Textron through the International Prime Contractor service, enabling foreign governments to make acquisitions through G2G contracts [4] - The Canadian aerospace industry contributes nearly $30 billion to the Canadian economy [5] - Bell Textron emphasizes its commitment to providing exceptional customer support for the Ministry of Defense of Montenegro's Bell 505 and 412 fleet [6] Group 3 - CCC has successfully delivered G2G contracts worth $300 million to date [3] - The collaboration between Bell and CCC enables full life cycle support from manufacturing to aftermarket support [6] - CCC is recognized as the U.S. Department of Defense designated contracting authority for procurements from Canada [7]

It has been about a month since the last earnings report for Textron (TXT) . Shares have lost about 7.4% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Textron due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Textron Posts Better-Than-Expected Q4 Earnings, Misses ...

Textron Inc. (TXT) recently announced that its unit Textron Aviation would expand its presence in Australia by building a larger and more modern service facility at Essendon Fields Airport in Melbourne to better support Cessna, Beechcraft and Hawker customers in the region.Textron Aviation anticipates its facility to be fully operational by early 2026, with construction scheduled to start in March 2025.At more than 35,000 square feet, the new facility will more than double the size of the company's existing ...

Backlog and Revenue Growth - Textron Aviation's backlog increased to $7,845 million in 2024 from $7,169 million in 2023, reflecting a growth of approximately 9.4%[34] - Bell's backlog rose significantly to $7,469 million in 2024, up from $4,780 million in 2023, marking a growth of about 56.3%[34] - Textron Systems' backlog also saw an increase, reaching $2,594 million in 2024 compared to $1,950 million in 2023, which is a growth of approximately 33.1%[34] - Total backlog for Textron reached $17,908 million in 2024, up from $13,899 million in 2023, indicating an overall growth of about 28.8%[34] - Total revenues for 2024 increased to $13,702 million, a slight increase of 0.14% compared to $13,683 million in 2023[189] - Total revenues for 2024 reached $13.702 billion, a slight increase from $13.683 billion in 2023, representing a year-over-year growth of 0.14%[1] - Textron Aviation generated revenues of $5,284 million in 2024, compared to $5,373 million in 2023, with aircraft sales contributing $3,374 million[288] - Bell segment revenues increased to $3,579 million in 2024, up from $3,147 million in 2023, driven by military aircraft and support programs[288] - Textron Systems reported revenues of $1,241 million in 2024, consistent with $1,235 million in 2023[288] - Industrial segment revenues decreased to $3,515 million in 2024 from $3,841 million in 2023, with specialized vehicles contributing $1,624 million[288] Financial Performance - Net income for 2024 was $824 million, a decrease of 10.55% from $921 million in 2023[190] - Basic earnings per share for continuing operations decreased to $4.38, down from $4.62 in 2023[189] - Total assets decreased slightly to $16,838 million from $16,856 million in 2023[191] - Total liabilities decreased to $9,634 million, down from $9,869 million in 2023[191] - Cash and equivalents at the end of 2024 were $1,441 million, a decrease of 33.94% from $2,181 million at the end of 2023[196] - Comprehensive income for 2024 increased to $1,164 million, up from $889 million in 2023[190] - Income from continuing operations for the Manufacturing Group decreased to $796 million in 2024 from $884 million in 2023, a decline of approximately 10%[197] - Net cash provided by operating activities of continuing operations for the Manufacturing Group was $1,008 million in 2024, down from $1,270 million in 2023, representing a decrease of about 21%[197] - The Finance Group reported net cash provided by operating activities of $8 million in 2024, down from $14 million in 2023[197] - The company reported a net cash used in financing activities of $1,438 million in 2024, an increase from $776 million in 2023[197] Research and Development - Research and development costs decreased to $491 million, down 13.86% from $570 million in 2023[189] - Research and development costs totaled $491 million in 2024, compared to $570 million in 2023[286] - The company adopted ASU 2023-07 in Q4 2024, impacting the presentation of research and development costs in financial statements[284] Employee and Labor Relations - Textron employed approximately 34,000 employees worldwide as of December 28, 2024, with 80% located in the U.S.[43] - A new five-year labor contract was ratified on October 20, 2024, following a strike that impacted about 5,000 employees at Textron Aviation[43] - The company aims to improve performance, innovation, collaboration, and talent retention by employing highly talented employees who feel valued and respected[49] Pension and Benefits - Net periodic benefit cost (income) for pension benefits was $(192) million in 2024, compared to $(167) million in 2023, and $(129) million in 2022[306] - The projected benefit obligation for pension benefits decreased from $7,205 million in 2023 to $6,788 million in 2024, while the fair value of plan assets increased from $8,413 million to $8,772 million[307] - The funded status for pension benefits improved from $1,208 million in 2023 to $1,984 million in 2024[307] - The accumulated benefit obligation for all defined benefit pension plans was $6.5 billion in 2024, down from $6.9 billion in 2023[308] - The service cost for pension benefits was $69 million in 2024, slightly up from $67 million in 2023[306] Special Charges and Restructuring - Special charges recorded in 2024 totaled $78 million, with $43 million in severance costs and $32 million in contract termination costs[318] - The company initiated a restructuring plan in Q4 2023, resulting in headcount reductions of approximately 1,800 positions, representing 5% of the global workforce[320] - In 2024, the company recorded an inventory valuation charge of $38 million related to powersports inventory[321] Tax and Compliance - The effective income tax rate for 2024 was 12.5%, down from 15.2% in 2023[326] - Unrecognized tax benefits decreased to $215 million in 2024 from $222 million in 2023[327] - Deferred tax assets decreased to $261 million in 2024 from $349 million in 2023[332] Cash Flow and Capital Expenditures - Total capital expenditures for the Manufacturing Group were $364 million in 2024, a decrease from $402 million in 2023[197] - The company has a senior unsecured revolving credit facility of $1.0 billion, with the option to increase it to $1.3 billion, expiring in October 2027[264] Inventory and Assets - Total inventories increased from $3,914 million at December 30, 2023, to $4,071 million at December 28, 2024, with finished goods rising from $1,072 million to $1,138 million[256] - Property, plant, and equipment, net increased from $2,477 million at December 30, 2023, to $2,529 million at December 28, 2024, with total accumulated depreciation rising from $5,247 million to $5,471 million[257] Shareholder Actions - The company repurchased $12.89 million shares in 2024, reducing outstanding common stock from 192,898 thousand shares in 2023 to 182,964 thousand shares in 2024[273] - Basic weighted-average shares outstanding decreased from 199,719 thousand in 2023 to 188,318 thousand in 2024[275] - The company declared dividends of $0.08 per share for 2024, consistent with the previous year[192]

Group 1 - Textron Inc. is positioned well in the Aerospace and Defense industry and is highlighted on GARP screens despite historical growth challenges [1] - The company has underperformed against most benchmarks, but its medium-term growth prospects are improving [1] - The analysis utilizes Cash Flow Returns On Investment based DCF valuation tools from ROCGA Research, which has over 20 years of investment analysis experience [1]

POLAND - 2025/01/09: In this photo illustration, the Textron Inc company logo is seen displayed on a ... [+] smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesTextron (NYSE: TXT) recently reported its Q4 results, with the top line missing and the bottom-line exceeding the street estimates. The company reported revenues of $3.6 billion and adjusted earnings of $1.34 per share, compared to the consensus estimates of $3.8 billi ...

Earnings Performance - Adjusted earnings per share (EPS) for Q4 2024 was $1.34, beating the Zacks Consensus Estimate of $1.25 by 7.2%, but declined 16.3% from $1.60 in the year-ago quarter [1] - GAAP earnings per share for Q4 2024 was 76 cents, down from $1.61 in Q4 2023 [2] - Full-year 2024 adjusted EPS was $5.48, surpassing the Zacks Consensus Estimate of $5.42 but declined 2% from $5.59 in the previous year [2] Revenue Performance - Q4 2024 total revenues were $3.61 billion, missing the Zacks Consensus Estimate of $3.74 billion by 3.5% and declining 7.2% from $3.89 billion in the year-ago quarter [3] - Manufacturing revenues improved 7.2% year-over-year to $3.60 billion [3] - Full-year 2024 revenues were $13.70 billion, missing the Zacks Consensus Estimate of $13.83 billion but improved 0.1% from $13.68 billion in the previous year [3] Segmental Performance Textron Aviation - Revenues declined 15.9% year-over-year to $1.28 billion due to lower volume caused by production disruptions from a labor strike [4] - Operating profit was $100 million, down from $193 million in the year-ago period, attributed to lower volume, manufacturing inefficiencies, and strike-related costs [5] - Delivered 32 jets (down from 50) and 38 commercial turboprops (down from 44) compared to the year-ago quarter [5] - Order backlog at the end of the quarter totaled $7.8 billion [5] Bell - Revenues increased 5.4% year-over-year to $1,129 million, driven by higher military revenues from the FLRAA program [6] - Operating profit declined 6.8% to $110 million due to lower volume on the V-22 program [6] - Delivered 78 commercial helicopters, down from 91 in the previous year [6] - Order backlog at the end of the quarter totaled $7.5 billion [6] Textron Systems - Revenues declined 1% year-over-year to $311 million [7] - Operating profit increased 20% to $42 million [7] - Order backlog at the end of the quarter totaled $2.6 billion [7] Industrial - Revenues declined 9.6% year-over-year to $869 million due to lower volumes and mix, particularly in the Specialized Vehicles product line [7] - Operating profit was $48 million, down from $57 million in the prior-year quarter [8] Textron eAviation - Revenues increased 10% year-over-year to $11 million [9] - Reported a loss of $18 million, narrower than the $22 million loss in the prior-year period [9] Finance - Revenues declined 8.3% year-over-year to $11 million [9] - Operating profit was $5 million, up from $4 million in the year-ago period [9] Financial Position - Cash and cash equivalents totaled $1.39 billion as of Dec 28, 2024, down from $2.12 billion as of Dec 30, 2023 [10] - Cash flow from operating activities in 2024 was $1.01 billion, down from $1.27 billion in the prior year [10] - Capital expenditures were $153 million, down from $178 million in the prior year [10] - Long-term debt totaled $2.89 billion as of Dec 28, 2024, down from $3.17 billion as of Dec 30, 2023 [10] Guidance - Textron issued 2025 adjusted EPS guidance in the range of $6.00-$6.20, below the Zacks Consensus Estimate of $6.53 [11] Upcoming Defense Releases - Leidos Holdings (LDOS) is set to report Q4 2024 earnings on Feb 11, 2025, with a Zacks Consensus Estimate of $2.18 EPS and $4.12 billion in sales, indicating 3.6% year-over-year growth [13] - Northrop Grumman (NOC) is set to report Q4 2024 results on Jan 30, 2025, with a Zacks Consensus Estimate of $6.26 EPS and $11.02 billion in sales, indicating 3.6% year-over-year growth [14] - CurtissWright (CW) is set to report Q4 2024 results on Feb 12, 2025, with a Zacks Consensus Estimate of $3.08 EPS and $785.5 million in sales [14]