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 ...

Financial Data and Key Metrics Changes - Revenues in Q4 2024 were $3.6 billion, down from $3.9 billion in Q4 2023 [4] - Segment profit for the quarter was $283 million, a decrease of $101 million from the previous year's fourth quarter [4] - Adjusted income from continuing operations was $1.34 per share, compared to $1.60 per share in Q4 2023 [4] - Manufacturing cash flow before pension contributions totaled $306 million, down $74 million from last year's fourth quarter [4] Business Line Data and Key Metrics Changes - Specific business line performance details were not provided in the available content Market Data and Key Metrics Changes - Market performance details were not provided in the available content Company Strategy and Development Direction and Industry Competition - Company strategy and competitive landscape details were not provided in the available content Management's Comments on Operating Environment and Future Outlook - Management indicated that future estimates and expectations are subject to various risk factors, which are detailed in SEC filings [3] Other Important Information - The earnings call presentation can be found in the Investor Relations section of the company's website [3] Q&A Session Summary - No specific questions and answers from the Q&A session were provided in the available content

© 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 ...

Financial Performance - Q4 2024 income from continuing operations was $0.76 per share, down from $1.01 per share in Q4 2023, with adjusted income from continuing operations at $1.34 per share, compared to $1.60 per share in Q4 2023[2] - Full-year 2024 income from continuing operations was $4.34 per share, down from $4.57 in 2023, with adjusted income from continuing operations at $5.48, compared to $5.59 in 2023[3] - Adjusted income from continuing operations for Q4 2024 was $248 million, compared to $316 million in Q4 2023, a decrease of 21.5%[27] - Full-year 2024 adjusted income from continuing operations was $1,042 million, down 7.5% from $1,127 million in 2023[27] - Q4 2024 diluted EPS (Non-GAAP) was $1.34, a 16.3% decrease from $1.60 in Q4 2023[27] - Adjusted diluted earnings per share for Q4 2024 was $1.34, compared to $1.60 in Q4 2023[39] - Full-year 2024 adjusted diluted earnings per share was $5.48, compared to $5.59 in 2023[39] Cash Flow and Capital Expenditures - Full-year 2024 manufacturing cash flow before pension contributions was $692 million, down from $931 million in 2023[4] - Net cash from operating activities for 2024 was $1.008 billion, a 20.6% decrease from $1.270 billion in 2023[32] - Capital expenditures for 2024 totaled $364 million, down 9.5% from $402 million in 2023[32] - Manufacturing cash flow before pension contributions (Non-GAAP) for 2024 was $692 million, down 25.7% from $931 million in 2023[32] - Manufacturing cash flow before pension contributions for Q4 2024 was $306 million, compared to $380 million in Q4 2023[43] - Full-year 2024 manufacturing cash flow before pension contributions was $692 million, compared to $931 million in 2023[43] - 2025 outlook for manufacturing cash flow before pension contributions is projected between $800 million and $900 million[44] Shareholder Returns - Textron returned $232 million to shareholders through share repurchases in Q4 2024, with full-year 2024 share repurchases totaling $1.1 billion[5] Revenue and Profit by Segment - Bell revenues in Q4 2024 were $1.1 billion, up $58 million from Q4 2023, with segment profit of $110 million, down $8 million from a year ago[12][13] - Textron Systems revenues in Q4 2024 were $311 million, down $3 million from Q4 2023, with segment profit of $42 million, up $7 million from a year ago[14] - Industrial segment revenues in Q4 2024 were $869 million, down $92 million from Q4 2023, with segment profit of $48 million, down $9 million from a year ago[15] - Textron eAviation segment revenues in Q4 2024 were $11 million, with a segment loss of $22 million, largely associated with R&D expenses on new products[16] Backlog and Future Outlook - Textron Aviation backlog at the end of Q4 2024 was $7.8 billion, up $676 million from year-end 2023[8] - Textron forecasts 2025 revenues of approximately $14.7 billion, up from $13.7 billion in 2024, with full-year 2025 GAAP EPS from continuing operations expected to be in the range of $5.19 to $5.39, or $6.00 to $6.20 on an adjusted basis[6] - 2025 outlook for adjusted income from continuing operations is projected between $1,105 million and $1,140 million[40] - 2025 outlook for adjusted diluted earnings per share is projected between $6.00 and $6.20[40] Special Charges and Inventory Impact - Textron recorded $78 million in pre-tax special charges in 2024, including $43 million in severance costs and $32 million in contract termination costs[28] - Inventory valuation charge was incurred due to the indefinite pause in powersports production, impacting the Industrial segment[28] Balance Sheet and Cash Position - Total assets as of December 28, 2024 were $16.838 billion, slightly down from $16.856 billion at the end of 2023[30] - Cash and equivalents decreased by $735 million in 2024, ending at $1.386 billion compared to $2.121 billion at the end of 2023[30]

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 ...

Core Viewpoint - Analysts project that Textron (TXT) will report quarterly earnings of $1.31 per share, reflecting an 18.1% decline year over year, with revenues expected to reach $3.74 billion, down 3.9% from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised 0.5% lower over the last 30 days, indicating a collective reevaluation by analysts [2]. - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Revenue Projections - Analysts estimate 'Revenues- Textron eAviation' to reach $11.18 million, indicating an increase of 11.8% year over year [5]. - 'Revenues- Manufacturing- Bell' is projected at $1.10 billion, reflecting a 2.8% increase year over year [5]. - 'Revenues- Manufacturing- Textron systems' is expected to be $316.97 million, showing a 1% increase from the prior-year quarter [5]. - The consensus estimate for 'Revenues- Manufacturing- Textron Aviation' stands at $1.45 billion, indicating a decline of 4.9% year over year [6]. - 'Revenues- Finance' is expected to reach $11.33 million, down 5.6% from the year-ago quarter [6]. - The combined estimate for 'Revenues- Manufacturing' is projected at $3.73 billion, reflecting a 3.9% decline year over year [6]. - 'Revenues- Manufacturing- Industrial' is projected at $850.42 million, indicating an 11.5% decline year over year [7]. Segment Profit Estimates - 'Segment Profit- Textron Aviation' is estimated at $151.04 million, down from $193 million in the same quarter last year [7]. - 'Segment Profit- Bell' is projected at $136.91 million, compared to $118 million a year ago [7]. - 'Segment Profit- Textron Systems' is expected to be $37.77 million, up from $35 million in the previous year [8]. - 'Segment profit- Industrial' is estimated at $39.62 million, down from $57 million in the same quarter last year [8]. - 'Segment profit- Manufacturing' is projected at $346.00 million, compared to $380 million a year ago [9]. Stock Performance - Over the past month, Textron shares have recorded returns of +3.2%, contrasting with the Zacks S&P 500 composite's -3.3% change [9].

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 ...

Group 1 - The company focuses on timely dividend-paying stocks to assist investors in wealth accumulation [1] - The author has extensive experience as a Registered Investment Advisor and has published multiple investment-related books [1] - The company aims to provide a steady pace of financial growth for its clients through various investment strategies [1] Group 2 - The author has a background in corporate management, having worked for Georgia-Pacific Corp for 15 years before starting their own ventures [1] - The author was appointed by President Ronald Reagan to the National Advisory Council overseeing the Small Business Administration from 1988 to 1991 [1] - The company has a history of creating investment newsletters, including "Power Investing with DRIPs" in the late 1990s [1]