Q1 2024 Earnings Call Presentation APRIL 25TH, 2024 The data in this package should be read in conjunction with the Textron earnings release and accompanying tables. © 2024 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. Th ...

Corporate Communications Department NEWS Release Textron Reports First Quarter 2024 Results • EPS of $1.03; adjusted EPS of $1.20, up from $1.05 from prior year • Segment profit of $290 million, up $31 million from prior year Providence, Rhode Island – April 25, 2024 – Textron Inc. (NYSE: TXT) today reported first quarter 2024 net income of $1.03 per share, as compared to $0.92 per share in the first quarter of 2023. Adjusted net income, a non-GAAP measure that is defined and reconciled to GAAP in an attach ...

Textron Inc. (TXT) is scheduled to release its first-quarter 2024 earnings on Apr 25 before market open.The company holds a four-quarter average earnings surprise of 13.53%. Solid revenue performance across the majority of its business segments is likely to have contributed to the overall performance of Textron in the first quarter of 2024.Textron Aviation, a Key Contributor to RevenuesSolid growth in aftermarket revenues, backed by strong aircraft utilization driven by improved air travel in recent times, ...

The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Textron (TXT) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.Textron is a member of the Aerospace sector. This group includes 45 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank considers 16 different groups, meas ...

Core Viewpoint - Wall Street analysts anticipate Textron (TXT) to report quarterly earnings of $1.28 per share, reflecting a year-over-year increase of 21.9%, with revenues expected to reach $3.37 billion, up 11.4% from the previous year [1] Revenue Estimates - Analysts project 'Revenues- Textron eAviation' at $10.00 million, indicating a significant increase of 150% from the prior-year quarter [2] - 'Revenues- Manufacturing- Bell' is expected to reach $764.43 million, representing a year-over-year change of 23.1% [2] - 'Revenues- Manufacturing- Textron systems' is forecasted to be $312.91 million, showing a 2.3% increase year over year [2] - 'Revenues- Manufacturing- Textron Aviation' is estimated at $1.29 billion, reflecting a 12.1% year-over-year change [3] - 'Revenues- Finance' is projected to be $10.91 million, indicating a decline of 9.1% from the prior-year quarter [3] - The consensus estimate for 'Revenues- Manufacturing' stands at $3.30 billion, showing a 9.6% increase from the previous year [3] - 'Revenues- Manufacturing- Industrial' is expected to reach $925.72 million, indicating a slight decline of 0.7% year over year [3] Segment Profit Estimates - 'Segment Profit- Textron Aviation' is expected to be $146.12 million, up from $125 million in the previous year [3] - 'Segment Profit- Bell' is projected at $75.68 million, compared to $60 million a year ago [3] - 'Segment Profit- Textron Systems' is estimated to be $35.45 million, slightly up from $34 million in the prior year [4] - 'Segment Profit- Industrial' is expected to reach $55.66 million, compared to $41 million a year ago [4] - 'Segment Profit- Manufacturing' is projected at $298.16 million, up from $251 million in the previous year [4] Stock Performance - Textron shares have decreased by 2.7% over the past month, while the Zacks S&P 500 composite has declined by 4% [4] - With a Zacks Rank 2 (Buy), Textron is expected to outperform the overall market in the near term [4]

Textron Inc. (TXT) recently announced that a handful of upgraded aircraft from its Cessna fleet of jets have entered into service following their first delivery.  These aircraft are the Cessna Skyhawk, Cessna Skylane, Turbo Skylane and Turbo Stationair.  These should enhance TXT’s position in the expanding commercial aircraft market.With this latest upgrade, Textron aims at offering its commercial customers a fleet of jets that have a modern and appealing tone like that of the newest Cessna Citation jets wh ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being un ...

Textron (TXT) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this maker of Cessna small planes and Bell helicopters have returned -1%, compared to the Zacks S&P 500 composite's -1.1% change. During this period, the Zacks Aerospace - Defense industry, which Textron falls in, has lost 7.2%. The key question now is: What could be the stock's future d ...

Textron (TXT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this maker of Cessna small planes and Bell helicopters have returned +3.7% over the past month versus the Zacks S&P 500 composite's +0.8% change. The Zacks Aerospace - Defense industry, to which Textron belongs, has lost 6.8% over this period. Now the key question is: Where could the stock be headed in the near ter ...

The latest trading session saw Textron (TXT) ending at $96.31, denoting a -0.69% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.15%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.32%.Prior to today's trading, shares of the maker of Cessna small planes and Bell helicopters had gained 5.63% over the past month. This has outpaced the Aerospace sector's loss of 3.76% and the S&P 500's gain of 1.65% in that time.Market participant ...