Textron Inc. (NYSE:TXT) Q4 2023 Earnings Call Transcript January 24, 2024 8:00 AM ET Company Participants David Rosenberg - VP of IR Scott Donnelly - Chairman and CEO Frank Connor - CFO Conference Call Participants Sheila Kahyaoglu - Jefferies Peter Arment - Baird David Strauss - Barclays Jason Gursky - Citi Noah Poponak - Goldman Sachs Myles Walton - Wolfe Research Robert Stallard - Vertical Research Seth Seifman - JPMorgan Kristine Liwag - Morgan Stanley George Shapiro - Shapiro Research Pete Skibitski - ...

Textron Inc. (TXT) reported fourth-quarter 2023 adjusted earnings of $1.60 per share, which surpassed the Zacks Consensus Estimate of $1.53 by 4.6%. The bottom line also improved 30.1% from the year-ago quarter’s recorded figure.The company reported GAAP earnings of $1.01 per share, down from $1.07 registered in the fourth quarter of 2022.TXT generated 2023 adjusted earnings of $5.59 per share, which surpassed the Zacks Consensus Estimate of $5.54 by 0.9%. The bottom line also improved 25.6% from the year-a ...

For the quarter ended December 2023, Textron (TXT) reported revenue of $3.89 billion, up 7% over the same period last year. EPS came in at $1.60, compared to $1.07 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.92 billion, representing a surprise of -0.65%. The company delivered an EPS surprise of +4.58%, with the consensus EPS estimate being $1.53.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expecta ...

Q4 2023 Earnings Call Presentation January 24th, 2024 The data in this package should be read in conjunction with the Textron earnings release and accompanying tables. © 2023 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. ...

Company Performance - Textron reported quarterly earnings of $1.60 per share, exceeding the Zacks Consensus Estimate of $1.53 per share, and up from $1.07 per share a year ago, representing an earnings surprise of 4.58% [1] - The company posted revenues of $3.89 billion for the quarter ended December 2023, which missed the Zacks Consensus Estimate by 0.65%, compared to $3.64 billion in the same quarter last year [1] - Over the last four quarters, Textron has surpassed consensus EPS estimates four times but has only topped consensus revenue estimates once [1] Future Outlook - The sustainability of Textron's stock price movement will largely depend on management's commentary during the earnings call and the company's earnings outlook [2][3] - The current consensus EPS estimate for the upcoming quarter is $1.20 on revenues of $3.36 billion, and for the current fiscal year, it is $5.80 on revenues of $14.75 billion [4] - The estimate revisions trend for Textron is mixed, resulting in a Zacks Rank 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [4] Industry Context - The Aerospace - Defense industry, to which Textron belongs, is currently in the top 48% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [5] - L3Harris, another company in the same industry, is expected to report quarterly earnings of $3.31 per share, reflecting a year-over-year change of +1.2%, with revenues anticipated to be $5.29 billion, up 15.5% from the previous year [5][6]

Core Viewpoint - Textron (TXT) is expected to report quarterly earnings of $1.53 per share, a 43% increase year-over-year, with revenues projected at $3.92 billion, reflecting a 7.8% year-over-year growth [1] Revenue Projections - Revenues from Textron eAviation are projected to reach $14.55 million, indicating a significant increase of 142.5% from the prior-year quarter [2] - Revenues from Manufacturing- Bell are expected to be $888.14 million, suggesting an 8.8% year-over-year increase [2] - Revenues from Manufacturing- Textron systems are forecasted at $331.24 million, representing a 5.5% increase year-over-year [2] - Revenues from Manufacturing- Textron Aviation are estimated at $1.66 billion, indicating a 4.7% increase from the year-ago quarter [3] - Revenues from Finance are expected to reach $9.91 million, reflecting a 10% decrease from the prior-year quarter [3] - The average prediction for Manufacturing revenues is $3.78 billion, indicating a 4.2% increase year-over-year [3] - Revenues from Manufacturing- Industrial are estimated at $885.35 million, suggesting a 2.4% decrease year-over-year [3] Segment Profit Projections - Segment Profit for Textron Aviation is expected to be $211.92 million, up from $169 million year-over-year [3] - Segment Profit for Bell is projected at $86.70 million, compared to $71 million from the previous year [4] - Segment Profit for Textron Systems is expected to be $38.62 million, slightly down from $40 million year-over-year [4] - The consensus estimate for Segment Profit- Industrial stands at $50.76 million, up from $42 million year-over-year [4] - The combined estimate for Segment Profit- Manufacturing is $308.77 million, down from $312 million year-over-year [4] Stock Performance - Textron shares have shown a return of -2.2% over the past month, contrasting with the Zacks S&P 500 composite's +0.9% change [4]

The market expects Textron (TXT) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence 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 ...

PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) will release its fourth quarter 2023 financial results on Wednesday morning, January 24, 2024. Textron will also host a conference call at 8:00 a.m. (Eastern) to discuss the results and the company’s outlook. The call will be available via webcast at www.textron.com or by direct dial at (844) 867-6169 in the U.S. or (409) 207-6975 outside of the U.S.; Access Code: 2046023. In addition, the call will be recorded and available for playback beginnin ...

Textron, Inc. (NYSE:TXT) Q3 2023 Earnings Conference Call October 26, 2023 8:00 AM ET Company Participants Eric Salander - VP, IR & Treasurer Scott Donnelly - Chairman, President & CEO Frank Connor - EVP & CFO Conference Call Participants Sheila Kahyaoglu - Jefferies David Strauss - Barclays Bank Noah Poponak - Goldman Sachs Group Douglas Harned - Sanford C. Bernstein & Co. George Shapiro - Shapiro Research Kristine Liwag - Morgan Stanley Jason Gursky - Citigroup Myles Walton - Wolfe Research Ronald Epstein ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______. Commission File Number 1-5480 Textron Inc. (Exact name of registrant as specified in its charter) (State or other jur ...