Textron Inc.’s (TXT) business segment, Textron Aviation, recently revealed that it has signed an agreement with Aerolineas Ejecutivas, Mexico, to supply up to 12 Cessna Citation business jets. The jets will be a combination of Citation CJ3 Gen2, Citation CJ3 Gen3 and Cessna Citation Latitude jets.Four aircraft, including two Citation Latitudes and two Citation CJ3 Gen2 aircraft, are scheduled to be delivered in 2026. This order should bolster TXT’s footprint in the Latin American business aviation market.Te ...

Core Insights - V2X Inc. has announced a collaboration with Bell Textron Inc. to begin strategic planning for the U.S. Army's Flight School Next program, which aims to modernize Army aviator training [1][2] - The Flight School Next program is based at Fort Novosel, Alabama, and is essential for training all Army aviators, contributing to overall Army aviation readiness [2] - V2X will provide maintenance and readiness support for the Bell 505 helicopter, which is designed for efficiency and reliability in training environments [4] Company Overview - V2X specializes in integrating physical and digital environments to enhance mission readiness, optimize resource management, and improve security across various markets, including national security and defense [5] - The company employs approximately 16,100 professionals and leverages AI and machine learning to address complex challenges in operational domains [5]

Core Viewpoint - Textron Inc. reported strong first-quarter 2025 results, with adjusted earnings per share (EPS) of $1.28, exceeding estimates and showing year-over-year growth [1][9] Financial Performance - Adjusted EPS of $1.28 beat the Zacks Consensus Estimate of $1.17 by 9.4% and increased 6.7% from $1.20 in the same quarter last year [1] - GAAP EPS rose to $1.13 from $1.03 year-over-year [1] - Total revenues reached $3.31 billion, surpassing the Zacks Consensus Estimate of $3.25 billion by 1.9% and up 5.5% from $3.14 billion a year ago [2] Segmental Performance - **Textron Aviation**: Revenues increased 2% to $1.21 billion, driven by higher aftermarket parts and services, but operating profit decreased to $127 million from $143 million due to an unfavorable mix of aircraft sold [3][4] - **Bell**: Revenues surged 35.2% to $983 million, supported by increased military and commercial revenues, with profits rising 12.5% to $90 million [4][5] - **Textron Systems**: Revenues fell 3.3% to $296 million due to lower volume, but profits increased 5.3% to $40 million, aided by reduced R&D costs [5][6] - **Industrial**: Revenues declined 11.2% to $792 million, while profits slightly increased to $30 million from $29 million [6] - **Textron eAviation**: Revenues remained stable at $7 million, with a narrower loss of $17 million compared to $18 million last year [7] Cash Flow and Debt - Cash and cash equivalents decreased to $1.19 billion from $1.39 billion at the end of 2024 [8] - Operating cash flow used was $114 million, up from $30 million year-over-year [8] - Long-term debt rose to $3.04 billion from $2.89 billion [8] Guidance - Textron maintained its 2025 adjusted EPS outlook in the range of $6.00-$6.20, with the Zacks Consensus Estimate at $6.07, below the midpoint of the guidance [9]

Q1 2025 Earnings Call Presentation April 24th, 2025 The data in this package should be read in conjunction with the Textron earnings release and accompanying tables. Forward-looking Information Certain statements in this package and other oral and written statements made by Textron from time to time are forward-looking statements, including those that discuss strategies, goals, outlook or other non-historical matters; or project revenues, income, returns or other financial measures. These forward-looking st ...

Financial Data and Key Metrics Changes - Revenues for the quarter were $3.3 billion, an increase of $171 million or 5% from the previous year's first quarter [4][6] - Adjusted income from continuing operations was $1.28 per share, compared to $1.20 per share in the same quarter last year [5] - Manufacturing cash flow before pension contributions reflected a use of cash of $158 million, compared to a use of cash of $81 million in the previous year [5] Business Line Data and Key Metrics Changes - Textron Aviation revenues were $1.2 billion, up $24 million, with a profit of $127 million, down $16 million from a year ago [15] - Bell revenues increased by $256 million or 35%, driven by strong growth in military and commercial product lines, with a segment profit of $90 million, up $10 million [9][17] - Textron Systems revenues were $290 million, down $10 million, with a segment profit of $40 million, up $2 million [18] - Industrial revenues decreased by $100 million to $792 million, with segment profit unchanged at $30 million [19] Market Data and Key Metrics Changes - Aviation delivered 31 jets and 30 commercial turboprops, compared to 36 jets and 20 turboprops in the previous year [6] - Bell delivered 29 helicopters, up from 18 in the previous year [10] - Backlog for Textron Aviation ended at $7.9 billion, while Bell's backlog was $7.1 billion, and Textron Systems' backlog was $2.3 billion [16][18] Company Strategy and Development Direction - The company is focusing on ramping production in aviation to recover from previous disruptions and is optimistic about future growth [6][55] - The successful sale of the Arctic Cat brand is part of a strategic review to streamline operations [13][25] - The company is actively monitoring the impact of tariffs and trade issues, noting that most manufacturing is based in North America, which mitigates tariff risks [28][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand environment for aviation, despite some macroeconomic uncertainties [49][122] - The company expects continued growth in the Bell segment, particularly from military contracts and commercial helicopter deliveries [39][120] - Management reaffirmed guidance for full-year adjusted earnings per share in the range of $6 to $6.20 [23] Other Important Information - The company repurchased approximately 2.9 million shares, returning $215 million in cash to shareholders [23] - The adjusted effective tax rate for the quarter was 15.3%, with an expected full-year rate of 18% [22] Q&A Session Summary Question: Any further portfolio actions after Arctic Cat disposal? - Management stated there are no new announcements regarding portfolio actions but continues to evaluate the portfolio [26] Question: Impact of tariffs and trade war on business? - Management indicated that the company has not seen a material impact from tariffs due to USMCA compliance and localized production [28][31] Question: Demand environment in the private jet market? - Management noted that while some customers may pause due to uncertainty, overall order activity remains strong [49][50] Question: Updates on the Denali program? - Management confirmed that the Denali program is progressing well following the certification of the GE Aerospace Catalyst engine [64][66] Question: Demand environment for Kautex? - Management expressed uncertainty regarding global automotive demand but noted that Q1 numbers were consistent with expectations [72][73] Question: Updates on unmanned systems and R&D? - Management highlighted ongoing investments in unmanned systems and the importance of adapting to new demand vectors in defense [106][110] Question: Future of electric aviation technology? - Management acknowledged the potential for electrification in aircraft like the Caravan and is supportive of companies working in that space [134][139] Question: Current M&A environment? - Management continues to look for accretive M&A opportunities but noted that current market multiples are high [141][143]

Group 1: Earnings Performance - Textron reported quarterly earnings of $1.28 per share, exceeding the Zacks Consensus Estimate of $1.17 per share, and up from $1.20 per share a year ago, representing an earnings surprise of 9.40% [1] - The company posted revenues of $3.31 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.86%, compared to year-ago revenues of $3.14 billion [2] Group 2: Stock Performance and Outlook - Textron shares have declined approximately 13.4% since the beginning of the year, while the S&P 500 has decreased by 8.6% [3] - The current consensus EPS estimate for the upcoming quarter is $1.46 on revenues of $3.61 billion, and for the current fiscal year, it is $6.07 on revenues of $14.63 billion [7] Group 3: Industry Context - The Aerospace - Defense industry, to which Textron belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

Financial Performance - First quarter 2025 net income was $1.13 per share, up from $1.03 per share in Q1 2024; adjusted net income was $1.28 per share, compared to $1.20 per share in the prior year[1][5] - Revenues for Q1 2025 were $3.3 billion, an increase of $171 million from $3.1 billion in Q1 2024[5][25] - Net income for the three months ended March 29, 2025, was $207 million, compared to $201 million for the same period in 2024, reflecting a year-over-year increase of 3%[33] - Adjusted net income for the three months ended March 29, 2025, was $235 million, slightly up from $233 million in the same period of 2024[38] - The outlook for 2025 projects net income of $955 million, with diluted EPS expected to be between $5.19 and $5.39[38] Revenue Breakdown - Textron Aviation's revenues were $1.2 billion, up $24 million from the previous year, with a backlog of $7.9 billion[7][9] - Bell revenues increased to $983 million, up $256 million from Q1 2024, driven by higher military and commercial revenues[10][12] - Textron Systems revenues were $296 million, down $10 million from the previous year, with a backlog of $2.3 billion[13][14] - Industrial segment revenues decreased to $792 million, down $100 million from Q1 2024, while segment profit remained unchanged at $30 million[15][25] - Textron eAviation reported revenues of $7 million with a segment loss of $17 million, slightly improved from a loss of $18 million in Q1 2024[16] Cash Flow and Operating Activities - Net cash provided by operating activities for the manufacturing group is projected to be between $1.2 billion and $1.3 billion for the full year[5][6] - Net cash from operating activities was $(124) million for the three months ended March 29, 2025, compared to $(7) million for the same period in 2024, indicating a decline in cash flow[33] - The company reported a manufacturing cash flow before pension contributions of $(158) million for the three months ended March 29, 2025, compared to $(81) million for the same period in 2024[31] Shareholder Returns - Textron returned $215 million to shareholders through share repurchases in the first quarter[3][5] Assets and Liabilities - Total assets increased to $16,942 million in March 2025, up from $16,838 million in December 2024, representing a growth of 0.6%[28] - Long-term debt increased to $3,038 million in March 2025, up from $2,890 million in December 2024, marking a rise of 5.1%[28] - Total liabilities increased to $9,667 million in March 2025, compared to $9,634 million in December 2024, reflecting a growth of 0.3%[28] Cash and Capital Expenditures - Cash and equivalents at the end of the period were $1,194 million, down from $1,386 million at the beginning of the period, a decrease of 13.9%[30] - The company reported capital expenditures of $56 million for the three months ended March 29, 2025, compared to $66 million in the same period of 2024[33]

Core Viewpoint - Textron Inc. is expected to report its first-quarter 2025 results on April 24, with a projected revenue growth of 3.5% year-over-year, despite anticipated earnings challenges due to restructuring charges and increased R&D expenses [1][7][8]. Revenue Performance by Segment - **Textron Aviation**: Expected to see revenues of $1,250.5 million, reflecting a 5.3% increase from the previous year, driven by steady customer demand and new product launches [2]. - **Bell Segment**: Anticipated revenues of $854.5 million, indicating a 17.5% growth year-over-year, supported by higher military sales and successful deliveries [4][3]. - **Textron Systems**: Projected revenues of $314.4 million, representing a 2.7% increase from the prior year, bolstered by higher sales volumes from the Ship-to-Shore Connector program [5]. - **Industrial Segment**: Expected revenues of $800.7 million, which would be a decline of 10.2% from the previous year, impacted by lower volumes in specialized vehicles and the suspension of powersports production [6]. Overall Financial Estimates - The overall revenue estimate for Textron in Q1 is $3.25 billion, marking a 3.5% increase from the same quarter last year [7]. - The earnings estimate is projected at $1.17 per share, reflecting a decline of 2.5% year-over-year [9]. Backlog and Earnings Prediction - Textron's backlog is expected to increase by 38.9% year-over-year to $19.06 billion, indicating strong future demand [9]. - The current Earnings ESP for Textron is -4.51%, suggesting that the company may not meet earnings expectations this quarter [10].

Core Viewpoint - Wall Street analysts anticipate Textron (TXT) will report quarterly earnings of $1.17 per share, reflecting a year-over-year decline of 2.5%, with revenues expected to reach $3.25 billion, an increase of 3.5% from the previous year [1] Earnings Estimates - There has been a downward revision of 1.7% in the consensus EPS estimate over the last 30 days, indicating analysts' reassessment of their initial forecasts [1][2] Revenue Projections - Analysts estimate 'Revenues- Textron eAviation' at $10.56 million, a year-over-year increase of 50.9% [4] - 'Revenues- Manufacturing- Bell' is projected to reach $854.45 million, reflecting a 17.5% increase year over year [4] - 'Revenues- Manufacturing- Textron systems' is expected to be $314.37 million, indicating a 2.7% year-over-year change [4] - 'Revenues- Manufacturing- Textron Aviation' is estimated at $1.25 billion, a 5.3% increase from the prior year [5] - 'Revenues- Finance' is projected to be $15.24 million, up 1.6% from the previous year [5] - The consensus estimate for 'Revenues- Manufacturing' stands at $3.23 billion, suggesting a 3.5% year-over-year change [5] - 'Revenues- Manufacturing- Industrial' is expected to reach $800.65 million, indicating a year-over-year decline of 10.2% [6] Segment Profit Estimates - 'Segment Profit- Textron Aviation' is expected to be $139.39 million, down from $143 million reported in the same quarter last year [6] - 'Segment Profit- Bell' is forecasted at $81.34 million, slightly up from $80 million reported last year [7] - 'Segment Profit- Textron Systems' is predicted to be $39.99 million, compared to $38 million in the same quarter last year [7] - 'Segment profit- Industrial' is expected to be $32.43 million, up from $29 million reported last year [8] - 'Segment profit- Manufacturing' is projected to reach $275.15 million, compared to $272 million in the previous year [8] Stock Performance - Textron shares have decreased by 9.6% over the past month, contrasting with the Zacks S&P 500 composite's decline of 5.6% [8]

Core Point - Textron E-Z-GO LLC has launched a new "Reserve Now" program that allows customers to customize and order E-Z-GO vehicles online without visiting a dealership [1][3]. Group 1: Program Features - The "Reserve Now" feature enables customers to save time and energy by customizing their E-Z-GO vehicle with various options such as color, seating, lighting, and accessories [2][4]. - The ordering process involves visiting the E-Z-GO website, using an online vehicle builder, and placing a $500 deposit. The vehicle will be built to order and delivered to the nearest Authorized E-Z-GO Dealer for final preparation [3][4]. - Most orders are expected to be fulfilled within eight weeks, although some models may have longer lead times [3]. Group 2: Vehicle Models and Innovations - Customers can customize and order various E-Z-GO models, including Freedom®, Liberty, street-legal Liberty LSV, Express®, and Valor® [4]. - E-Z-GO plans to release new special-edition vehicles throughout 2025, featuring unique colors and special features, such as the Phantom limited edition [4][6]. Group 3: Company Background - E-Z-GO, founded in 1954 and part of Textron Inc. since 1960, is a leader in the design and manufacture of golf cars and personal transport vehicles, known for innovative sustainable electric-vehicle technology [6][7]. - The company offers a range of models, including RXV® fleet golf cars and the Liberty™, which is notable for its four forward-facing seats in a compact size [6].