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]

The industrial company reported mixed fourth-quarter results.Textron (TXT -4.48%), a multifaceted industrial company known for its aviation and defense businesses, released its fourth-quarter 2024 earnings results on Jan. 22. The company posted adjusted earnings per share (EPS) of $1.34, surpassing the consensus expectation of $1.28 by 4.7%. Revenue reached $3.613 billion, slightly missing the expected $3.748 billion. Despite certain segmental headwinds, Textron ended the quarter on a positive note.MetricQ4 ...

Textron Inc. (NYSE:TXT) Q4 2024 Earnings Call Transcript January 22, 2025 8:00 AM ET Company Participants Dave Rosenberg - VP, IR Scott Donnelly - Chairman and CEO Frank Connor - CFO Conference Call Participants Sheila Kahyaoglu - Jefferies Peter Arment - Baird Robert Stallard - Vertical Research Noah Poponak - Goldman Sachs Seth Seifman - JPMorgan Myles Walton - Wolfe Research David Strauss - Barclays Ron Epstein - Bank of America Gavin Parsons - UBS Pete Skibitski - Alembic Global Operator Good morning, e ...

© 2025 TEXTRON INC. 1 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 statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. Th ...

Textron (TXT) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.20%. A quarter ago, it was expected that this maker of Cessna small planes and Bell helicopters would post earnings of $1.46 per share when it actually produced earnings of $1.40, delivering a surprise of -4.11%.Over the ...

Corporate Communications Department NEWS Release Textron Reports Fourth Quarter 2024 Results; Announces 2025 Financial Outlook Providence, Rhode Island – January 22, 2025 – Textron Inc. (NYSE: TXT) today reported fourth quarter 2024 income from continuing operations of $0.76 per share, as compared to $1.01 per share in the fourth quarter of 2023. Adjusted income from continuing operations, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, was $1.34 per share for the ...

Textron Inc. (TXT) is scheduled to release fourth-quarter 2024 results on Jan. 22, before market open.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company has a four-quarter average negative earnings surprise of 0.61%. The declining revenue performance across two of its major business segments is likely to have impacted Textron’s overall top-line performance. Moreover, charges related to its restructuring plan are likely to have hurt earnings.Labor Strike at Textron Aviation ...

Analysts on Wall Street project that Textron (TXT) will announce quarterly earnings of $1.31 per share in its forthcoming report, representing a decline of 18.1% year over year. Revenues are projected to reach $3.74 billion, declining 3.9% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Textron (TXT) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 22. On th ...

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