Textron(US:TXT)2026-01-28 11:33Financial Performance - Fourth quarter 2025 income from continuing operations was $1.33 per share, up from $0.76 per share in Q4 2024; adjusted income was $1.73 per share, compared to $1.34 per share in Q4 2024[2][3] - Full year 2025 revenue reached $14.8 billion, an 8% increase from 2024; segment profit for the year was $1.4 billion, up 14% from the prior year[3][8] - Net income for the twelve months ended January 3, 2026, was $921 million, compared to $824 million for the twelve months ended December 28, 2024, reflecting an increase of 11.8%[26] - Diluted earnings per share from continuing operations increased to $5.12 for the twelve months ended January 3, 2026, compared to $4.34 for the same period in 2024, a rise of 18%[27] - Income from continuing operations for Q4 2026 was $236 million, up from $141 million in Q4 2024, representing a 67.4% increase[41] - Adjusted income from continuing operations for Q4 2026 was $307 million, compared to $248 million in Q4 2024, reflecting a 23.7% growth[41] Revenue Growth - Textron Aviation revenues were $1.7 billion in Q4 2025, a 36% increase from Q4 2024, driven by higher aircraft and aftermarket parts revenues[9][10] - Bell's revenues increased by 11% to $1.3 billion in Q4 2025, primarily due to higher military revenues from the MV-75 program[11][13] - Textron is forecasting 2026 revenues of approximately $15.5 billion, an increase from $14.8 billion in 2025; expected GAAP earnings per share for 2026 is projected to be between $5.39 and $5.59[6] Cash Flow and Liquidity - Net cash provided by operating activities for the manufacturing group was $1.3 billion for the full year, with manufacturing cash flow before pension contributions totaling $969 million, up from $692 million in 2024[5][7] - Cash and equivalents at the end of the period on January 3, 2026, were $1,940 million, up from $1,386 million on December 28, 2024, indicating a growth of 40%[30] - Net cash from operating activities for the three months ended January 3, 2026, was $698 million, an increase of 56% from $447 million for the same period in 2024[32] - Total cash flows from continuing operations for Q4 2026 were $502 million, compared to $111 million in Q4 2024, showing a significant increase[41] - Cash and equivalents at the end of Q4 2026 were $2,025 million, up from $1,441 million at the end of Q4 2024, representing a 40.5% increase[41] Segment Performance - Textron Systems revenues were $323 million in Q4 2025, a 4% increase from the previous year, with a backlog of $3.3 billion[14] - Industrial segment revenues were $821 million, down 5.5% from Q4 2024, largely due to the divestiture of the Powersports business[15][16] - Textron eAviation segment revenues were $7 million in Q4 2025, down from $11 million in Q4 2024, with a segment loss of $15 million[17] - Segment profit for Textron Aviation was $208 million for the three months ended January 3, 2026, up from $100 million in the same period of 2024, representing a 108% increase[26] - The company reported a segment profit of $380 million for the three months ended January 3, 2026, compared to $283 million for the same period in 2024, reflecting a 34.3% increase[26] Capital Expenditures - Capital expenditures for the three months ended January 3, 2026, were $173 million, compared to $153 million for the same period in 2024, showing an increase of 13.1%[32] - Capital expenditures for Q4 2026 were $173 million, compared to $153 million in Q4 2024, reflecting a 13.1% increase[46] Other Financial Metrics - Total assets increased to $18,129 million as of January 3, 2026, compared to $16,838 million as of December 28, 2024, marking a growth of 7.7%[30] - The company recorded a LIFO inventory provision of $64 million for Q4 2026, compared to $61 million in Q4 2024, indicating a 4.9% increase[41] - The company reported a net cash used in business acquisitions of $1 million in Q4 2026, compared to $13 million in Q4 2024[46]