Textron Inc. (TXT) reported first-quarter 2024 adjusted earnings of $1.20 per share, which lagged the Zacks Consensus Estimate of $1.28 by 6.3%. However, the bottom line improved 14.3% from the year-ago quarter’s figure of $1.05 per share.The company reported GAAP earnings of $1.03 per share, up from 92 cents registered in the first quarter of 2023.RevenuesTXT reported total revenues of $3.14 billion, which missed the Zacks Consensus Estimate of $3.34 billion by 6.1%. However, the reported figure increased ...

Textron (TXT) reported $3.14 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 3.7%. EPS of $1.20 for the same period compares to $1.05 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.34 billion, representing a surprise of -6.11%. The company delivered an EPS surprise of -6.25%, with the consensus EPS estimate being $1.28.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

Textron Inc. (NYSE:TXT) Q1 2024 Earnings Conference Call April 25, 2024 8:00 AM ET Company Participants David Rosenberg - Vice President, Investor Relations Scott Donnelly - Chairman, President and Chief Executive Officer Frank Connor - Executive Vice President and Chief Financial Officer Conference Call Participants David Strauss - Barclays Robert Stallard - Vertical Research Sheila Kahyaoglu - Jefferies Myles Walton - Wolfe Research Peter Arment - Baird Cai von Rumohr - TD Cowen Seth Seifman - JPMorgan No ...

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 ...

Wall Street analysts expect Textron (TXT) to post quarterly earnings of $1.28 per share in its upcoming report, which indicates a year-over-year increase of 21.9%. Revenues are expected to be $3.37 billion, up 11.4% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a comp ...

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 ...