Textron(US:TXT)2025-07-24 10:32Financial Performance - Second quarter 2025 income from continuing operations was $1.35 per share, flat compared to Q2 2024; adjusted income was $1.55 per share, up from $1.54[1][5] - Revenues for Q2 2025 were $3.7 billion, an increase of 5.4% or $189 million compared to the prior year[5] - Net income for Q2 2025 was $245 million, compared to $259 million in Q2 2024, reflecting a decrease of 5.4%[25] - Adjusted income from continuing operations for Q2 2025 was $281 million, down from $296 million in Q2 2024, a decline of 5.1%[26] - Total revenues for Q2 2025 were $3.716 billion, a 5.4% increase from $3.527 billion in Q2 2024[25] Cash Flow and Liquidity - Net cash provided by operating activities for the manufacturing group was $395 million, up from $383 million in the previous year[2] - Cash and equivalents at the end of Q2 2025 were $1.352 billion, slightly down from $1.386 billion at the end of 2024[28] - Total cash flows from continuing operations for the first half of 2025 were $174 million, a significant improvement from a negative $52 million in the same period of 2024[41] - Cash and equivalents at the end of Q2 2025 were $1,434 million, slightly up from $1,411 million at the end of Q2 2024[41] Segment Performance - Textron Aviation revenues were $1.5 billion, up $42 million from last year, with 49 jets delivered, an increase from 42 in Q2 2024[6] - Bell revenues reached $1.0 billion, an increase of $222 million, driven by higher military and commercial revenues[9] - Textron Systems revenues were $321 million, down $2 million, while segment profit increased by $5 million to $40 million[12] - Industrial revenues decreased to $839 million, down $75 million, primarily due to the impact from the Powersports business disposition[14] - Textron Aviation revenue increased to $1.517 billion in Q2 2025 from $1.475 billion in Q2 2024, representing a 2.8% growth[25] - Bell segment revenue rose to $1.016 billion in Q2 2025, up 28% from $794 million in Q2 2024[25] Earnings Guidance - Full-year 2025 GAAP earnings per share from continuing operations are expected to be in the range of $5.19 to $5.39; adjusted EPS is projected to be $6.00 to $6.20[4] - The company expects adjusted diluted earnings per share for 2025 to be between $6.00 and $6.20, compared to $5.19 to $5.39 for GAAP earnings[38] Capital Expenditures and Investments - Capital expenditures for Q2 2025 were $78 million, compared to $74 million in Q2 2024, reflecting a 5.4% increase[41] - Textron returned $214 million to shareholders through share repurchases in Q2 2025, totaling $429 million year to date[3] Operational Efficiency - The company anticipates continued focus on cash flow generation and operational efficiency in 2025[39] - Manufacturing cash flow before pension contributions is now expected to be between $900 million and $1.0 billion, an increase of $100 million from previous guidance[4] - Manufacturing cash flow before pension contributions for Q2 2025 was $336 million, compared to $320 million in Q2 2024, an increase of 5%[31]