Financial Performance - Q3 2024 - Revenues reached $3.4 billion, compared to $3.3 billion in Q3 2023[5] - Segment profit was $284 million, down from $332 million in Q3 2023[5] - Earnings Per Share (EPS) were $1.18, compared to $1.35 in Q3 2023[5] - Adjusted EPS was $1.40, compared to $1.49 in Q3 2023[5] - Manufacturing Cash Flow Before Pension Contributions was $147 million, down from $205 million in Q3 2023[5] Revenue Growth by Segment - Q3 2024 - Textron Aviation experienced a revenue growth of 0.1%[7] - Bell saw a significant revenue growth of 23.2%[7] - Textron Systems experienced a revenue decrease of 2.6%[7] - Industrial segment revenue decreased by 8.9%, with a 0.1% negative impact from FX, resulting in a 9% decrease[7] - Textron eAviation revenue decreased by 14.3%[7] - Overall Manufacturing Segments revenue grew by 2.6%, with a 0.1% negative impact from FX, resulting in a 2.5% growth[7] Adjusted EBITDA - Q3 2024 - Adjusted EBITDA was $421 million, compared to $442 million in Q3 2023[11] Updated Outlook - Full Year 2024 - Adjusted EPS is projected to be between $5.40 and $5.60[12] - Manufacturing Cash Flow Before Pension Contributions is expected to be between $650 million and $750 million[12] - Pension Contributions are estimated to be around $50 million[12]

Corporate Communications Department NEWS Release Textron Reports Third Quarter 2024 Results • EPS of $1.18; adjusted EPS of $1.40, down from $1.49 in the prior year • Net cash from operating activities of $208 million in the third quarter of 2024 • $215 million returned to shareholders through share repurchases in the third quarter • Textron Aviation segment revenue and profit impacted by IAM strike Providence, Rhode Island – October 24, 2024 – Textron Inc. (NYSE: TXT) today reported third quarter 2024 inco ...

Textron Inc. (TXT) is scheduled to release third-quarter 2024 results on Oct. 24, before market open.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company has a four-quarter average earnings surprise of 4.75%. The solid revenue performance across most of its business segments is likely to have contributed favorably to Textron’s top-line performance. However, charges related to its restructuring plan are likely to have hurt overall earnings.Textron Aviation – A Key Contributor ...

Core Insights - Textron Aviation is the first business aviation OEM to offer Gogo's global Low-Earth-Orbit (LEO) solution, Gogo Galileo HDX, as a factory option for its business jets [1][2] - Gogo Galileo HDX is designed for small to super midsize aircraft, providing a high-quality inflight Wi-Fi experience [2] - The commercial launch of Gogo Galileo HDX is expected in the fourth quarter of 2024, with integration work ongoing for the Cessna Citation Longitude, Citation Latitude, and Citation Ascend [2] Company Overview - Gogo is a leading provider of broadband connectivity services for the business aviation market, offering a customizable suite of smart cabin systems [3] - As of June 30, 2024, Gogo reported 7,031 business aircraft equipped with its broadband ATG systems, with 4,215 using Gogo AVANCE L5 or L3 systems [3] - Textron Aviation has over 95 years of experience in the aviation industry, producing a wide range of aircraft and maintaining a strong global customer service network [4]

Wall Street expects a year-over-year decline in earnings on higher revenues when Textron (TXT) reports results for the quarter ended September 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 earnings report, which is expected to be released on October 24, 2024, might help the stock move higher if these key numbers are better than expe ...

Core Viewpoint - Textron Inc.'s Bell segment has secured a $37.7 million contract to supply Bell 412 EPX helicopters, with completion expected by December 31, 2025, indicating strong demand for multi-role helicopters amid rising global defense spending [1][2]. Group 1: Company Developments - The recent contract awarded to Bell Textron highlights the company's strong position in the multi-role helicopter market, driven by increasing defense spending and the need for versatile aircraft for various missions [2][4]. - The Bell 412 EPX helicopter features seating for up to 14 passengers and a wide cabin opening, enhancing its utility for emergency services, transport, and utility roles [2][3]. - The aircraft is equipped with advanced technology, including a modern flight deck and high-resolution displays, which improve pilot awareness and operational efficiency [3]. Group 2: Industry Trends - Global defense spending is on the rise due to increasing geopolitical tensions, leading to a surge in demand for multi-role helicopters used in military and civilian operations [4][5]. - The global military multirole helicopter market is projected to grow at a compound annual growth rate of 3.5% from 2024 to 2032, benefiting manufacturers like Textron [4]. - Multi-role helicopters are increasingly utilized in law enforcement, medical emergencies, firefighting, and disaster relief, indicating a broadening scope of applications [4][5]. Group 3: Competitive Landscape - Other defense companies, such as Lockheed Martin, Boeing, and Airbus, are also positioned to benefit from the expanding helicopter market, with each having notable models and growth projections [6][7][8]. - Lockheed Martin's long-term earnings growth rate is estimated at 4.7%, while Boeing's is significantly higher at 21.3%, reflecting strong demand across their helicopter offerings [6][7]. - Airbus's long-term earnings growth rate stands at 12%, with a focus on multi-role helicopters for various military and civilian applications [8]. Group 4: Stock Performance - Textron's stock has increased by 9.4% year-to-date, outperforming the industry average decline of 6.7%, indicating positive market sentiment towards the company [9].

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.Textron (NYSE: TXT ) posted its second quarter results on the 30th of July. In response to the earnings report, the stock dropped, and perhaps we should not be surprised about that anymore. After the first quarter report,Dhierin runs the investing ...

Investors interested in Aerospace - Defense stocks are likely familiar with Textron (TXT) and RTX (RTX) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our ...

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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they ...