Financial Data and Key Metrics Changes - Textron reported a revenue growth of 16% in Q4 2025, totaling $4.2 billion, and an 8% increase for the full year, reaching $14.8 billion [4][20] - Segment profit for Q4 2025 was $380 million, up 34% year-over-year, and for the full year, it was $1.4 billion, up 14% [19][20] - Adjusted EPS for Q4 was $1.73, compared to $1.34 in the previous year, and for the full year, it was $6.10, up from $5.48 [20] Business Line Data and Key Metrics Changes - Textron Aviation saw a revenue increase of 36% in Q4, totaling $1.7 billion, and a 13% increase for the full year, reaching $6 billion [21][22] - Bell's revenue grew by 11% in Q4 to $1.3 billion, and for the full year, it increased by 20% to $4.3 billion [23] - Textron Systems reported a 4% revenue increase in Q4, totaling $323 million, and a slight increase for the full year, reaching $1.2 billion [24] - Industrial segment revenues decreased by 5.5% in Q4 to $821 million, primarily due to the divestiture of the Powersports business [25] Market Data and Key Metrics Changes - Textron Aviation ended the year with a backlog of $7.7 billion, while Bell's backlog was $7.8 billion, reflecting growth in both military and commercial sectors [22][23] - The general aviation industry remains healthy, with Textron Aviation experiencing strong order flow and a nearly $8 billion backlog [11][12] Company Strategy and Development Direction - The company is focused on executing its growth strategy through ongoing investments in new products and programs to drive organic growth and margin expansion [8] - Textron plans to continue its investment in the MV-75 program, which is central to the Army's Transformation Initiative, and aims to accelerate production [12][14] - The company is also looking to enhance its supply chain resilience and vertical integration to mitigate risks and improve efficiency [36][52] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong position and future opportunities, particularly in Textron Aviation and the MV-75 program [11][12] - The outlook for 2026 includes projected revenues of approximately $15.5 billion, reflecting a 4.5% increase from 2025, and adjusted EPS in the range of $6.40-$6.60 [17][33] - The company anticipates manufacturing cash flow before pension contributions to be between $700 million and $800 million [28] Other Important Information - The company repurchased approximately 2.3 million shares in Q4 2025, returning $187 million to shareholders, and a total of 10.7 million shares for the year, returning $822 million [27] - Textron is eliminating the Textron eAviation segment as a separate reporting entity to realign its business activities [28] Q&A Session Summary Question: What are the top priorities for the company now that Lisa is CEO? - Lisa outlined three priorities: execution, portfolio focus, and building resilience across the business [36] Question: How should we think about the MV-75 program in the near and medium term? - Lisa indicated that the Army's push for acceleration has allowed for significant progress, with production timelines moved forward by 2.5-3 years [44] Question: Will Textron grow or prune its portfolio? - Lisa emphasized the need for ongoing evaluation of each business against performance criteria, aiming for growth in high-quality aerospace and defense areas [50][52] Question: How is Textron managing supply chain challenges? - Lisa noted that while recovery is ongoing, key components like engines remain a challenge, and efforts are being made to upskill the workforce [60] Question: What is the expected revenue impact from the MV-75 program? - David mentioned that the program could yield between 40 and 60 units per year, significantly increasing overall revenue [71]

Financial Data and Key Metrics Changes - Textron reported a revenue growth of 16% in Q4 2025, totaling $4.2 billion, and a full-year revenue increase of 8% to $14.8 billion [3][19] - Segment profit for Q4 2025 was $380 million, up 34%, and for the full year, it reached $1.4 billion, up 14% [3][19] - Adjusted EPS for Q4 was $1.73, compared to $1.34 in the previous year, and for the full year, it was $6.10, up from $5.48 [3][19] - Manufacturing cash flow before pension contributions was $510 million in Q4, up $204 million year-over-year, and $969 million for the full year, an increase of $277 million [19][25] Business Line Data and Key Metrics Changes - **Textron Aviation**: Revenue increased by 36% in Q4 to $1.7 billion, with full-year revenue up 13% to $6 billion. Segment profit for Q4 was $208 million, up 108% [20][21] - **Bell**: Revenue grew by 11% in Q4 to $1.3 billion, with full-year revenue up 20% to $4.3 billion. Segment profit for Q4 was $101 million, down from the previous year [21][22] - **Textron Systems**: Revenue increased by 4% in Q4 to $323 million, with full-year revenue slightly up to $1.2 billion. Segment profit for Q4 was $43 million, up $1 million [22] - **Industrial**: Revenue decreased by 5.5% in Q4 to $821 million, with full-year revenue down 9% to $3.2 billion [23] Market Data and Key Metrics Changes - Textron Aviation ended the year with a backlog of $7.7 billion, while Bell's backlog was $7.8 billion, reflecting growth in both military and commercial sectors [20][21] - The general aviation industry remains healthy, with Textron Aviation experiencing strong order flow and a nearly $8 billion backlog [11][12] Company Strategy and Development Direction - The company is focused on executing its growth strategy through ongoing investments in new products and programs to drive organic growth and margin expansion [8] - Textron is prioritizing operational rigor, capital allocation, and building resilience across its businesses [34] - The MV-75 program is a key focus, with significant investments in production capacity and a push for accelerated timelines [5][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position and future opportunities, particularly in the defense sector and the MV-75 program [9][12] - The company anticipates revenue growth of approximately 4.5% in 2026, projecting revenues of about $15.5 billion and adjusted EPS in the range of $6.40-$6.60 [16][30] Other Important Information - The company repurchased approximately 10.7 million shares in 2025, returning $822 million to shareholders [25] - Textron is eliminating the Textron eAviation segment as a separate reporting entity to streamline operations [26] Q&A Session Summary Question: What are the top priorities for the company now that Lisa is CEO? - Lisa outlined three priorities: execution, portfolio focus, and building resilience across businesses [33] Question: How should we think about the MV-75 program in the near and medium term? - The Army's push for acceleration has allowed Textron to move the program forward by about 2.5-3 years, with aircraft deliveries expected to begin sooner [41] Question: Will Textron grow or prune its portfolio? - Lisa indicated that management will evaluate each business for returns and strategic fit, aiming to accelerate growth in high-quality aerospace and defense areas [46] Question: How is Textron managing supply chain challenges? - The company is focused on recovering the supply chain and addressing workforce attrition through in-house training programs [58] Question: What is the expected impact of the MV-75 program on future revenues? - The MV-75 program is expected to significantly increase revenue, with historical double-digit margins anticipated as production ramps up [70]

分组1 - Textron reported quarterly earnings of $1.73 per share, missing the Zacks Consensus Estimate of $1.74 per share, but showing an increase from $1.34 per share a year ago, resulting in an earnings surprise of -0.80% [1] - The company posted revenues of $4.18 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.83% and increasing from $3.61 billion year-over-year [2] - Textron has outperformed the S&P 500 with an 8.1% increase in share price since the beginning of the year, compared to the S&P 500's gain of 1.9% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $1.37 on revenues of $3.51 billion, and for the current fiscal year, it is $6.67 on revenues of $15.33 billion [7] - The Aerospace - Defense industry, to which Textron belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Core Viewpoint - Textron experienced an increase in fourth-quarter results, driven by strong demand in its aviation segment, particularly in aftermarket services and higher aircraft deliveries [1] Company Performance - The aviation segment of Textron showed significant growth due to robust demand for aftermarket services [1] - There was an increase in aircraft deliveries, contributing positively to the overall performance in the fourth quarter [1]

Q4 2025 Earnings Call Presentation Contents JANUARY 28, 2026 THE DATA IN THIS PACKAGE SHOULD BE READ IN CONJUNCTION WITH THE TEXTRON EARNINGS RELEASE AND ACCOMPANYING TABLES. 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-l ...

Financial 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]

Core Viewpoint - Textron Inc. reported significant growth in its fourth quarter 2025 earnings, with income from continuing operations increasing to $1.33 per share compared to $0.76 per share in the fourth quarter of 2024 [1] Financial Performance - The adjusted income from continuing operations for the fourth quarter of 2025 was $1.73 per share, up from $1.34 per share in the fourth quarter of 2024 [1] - The full year 2025 income from continuing operations is also highlighted, indicating a positive trend in the company's financial performance [1]

Core Viewpoint - Analysts expect Textron (TXT) to report quarterly earnings of $1.74 per share, reflecting a year-over-year increase of 29.9%, with revenues projected at $4.14 billion, up 14.6% from the previous year [1] Group 1: Earnings and Revenue Estimates - The consensus EPS estimate has been revised 9.4% higher over the last 30 days, indicating a collective reevaluation by analysts [1] - Analysts predict revenues for Textron eAviation to reach $7.57 million, a decrease of 31.2% year-over-year [4] - The consensus for revenues from Manufacturing-Bell is estimated at $1.12 billion, showing a slight decline of 1.1% from the prior year [4] - The average prediction for revenues from Manufacturing-Textron systems is $302.10 million, indicating a year-over-year decrease of 2.9% [4] - Revenues from Manufacturing-Textron Aviation are expected to reach $1.93 billion, reflecting a significant increase of 50.4% year-over-year [5] - Revenues from Finance are projected at $15.12 million, indicating a year-over-year increase of 37.5% [5] - The overall estimated revenues for Manufacturing are $4.18 billion, representing a year-over-year increase of 16.1% [5] Group 2: Segment Profit Estimates - Analysts expect Segment Profit for Textron Aviation to be $204.22 million, compared to $100.00 million reported in the same quarter last year [6] - The estimated Segment Profit for Bell is $103.70 million, down from $110.00 million reported in the previous year [7] - The consensus estimate for Segment Profit for Textron Systems stands at $43.47 million, slightly up from $42.00 million reported last year [7] - Segment Profit for Industrial is projected at $47.09 million, down from $48.00 million reported in the same quarter last year [8] - The estimated Segment Profit for Manufacturing is $380.81 million, compared to $278.00 million reported in the previous year [8] Group 3: Stock Performance - Over the past month, Textron shares have returned +6.7%, outperforming the Zacks S&P 500 composite's +0.4% change [9] - Textron currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [9]

Core Viewpoint - Textron Inc. (TXT) is expected to report strong fourth-quarter 2025 results, driven by robust sales in Aerospace and Defense sectors, with a notable earnings surprise of 5.44% in the previous quarter [1][2]. Group 1: Factors Influencing Q4 Results - Strong sales momentum in Aerospace and Defense businesses is anticipated, supported by healthy demand in business aviation and military programs [2]. - Increased aircraft deliveries, high fleet utilization, and steady aftermarket growth at Textron Aviation are expected to positively impact revenue performance [2][3]. - The ramp-up of the MV-75 military aircraft program and improved performance at Textron Systems due to new contract wins are likely to enhance overall performance [3]. Group 2: Q4 Expectations - The Zacks Consensus Estimate for revenues is $4.20 billion, reflecting a year-over-year increase of 16.1% [4]. - The Zacks Consensus Estimate for earnings is $1.77 per share, indicating a year-over-year growth of 32.1% [4]. - The backlog for the fourth quarter is estimated at $22.21 billion, representing a 24% year-over-year increase [4]. Group 3: Earnings Prediction Insights - The Earnings ESP for Textron is -9.40%, indicating that the model does not predict an earnings beat this time [5]. - Textron currently holds a Zacks Rank of 3, suggesting a neutral outlook [6].

Core Insights - Textron E-Z-GO LLC has announced the next generation of its E-Z-GO Liberty vehicle for the 2027 model year, featuring a complete redesign aimed at enhancing the driving experience for both drivers and passengers [1] Group 1: Vehicle Features - The 2027 E-Z-GO Liberty includes a 10-inch ECOXGEAR touchscreen infotainment system, a 28-inch ECOXGEAR soundbar with LED lighting, and wireless connectivity for Apple Carplay and Android Auto [1] - The vehicle is equipped with IntelliScreen functionality, providing critical information such as speed and state of charge, and allows for performance tuning including speed governance and selectable driving modes [1] - The Liberty features a compact wheelbase for improved maneuverability, automotive-style hanging pedals for better ergonomics, and an expansive storage solution including a trunk, frunk, and underseat storage [2][3] Group 2: Safety and Durability - A high-definition backup camera integrated with the touchscreen enhances safety by providing unobstructed sightlines when reversing [4] - The vehicle includes IntelliBrake technology for controlled braking on inclines and a welded steel frame with automotive-grade body panels for durability [4] - Premium trim levels offer three-point seatbelts for all passengers and utilize bright LEDs for improved visibility in low-light conditions [5] Group 3: Market Positioning - The Liberty will be available as a street-legal low-speed vehicle (LSV), compliant with federal standards, allowing it to travel on public roads with speed limits of 35 mph or less [6] - The 2027 E-Z-GO Liberty is set to be available this summer through authorized dealers, indicating a strategic move to capture market interest in personal transport vehicles [7] Group 4: Company Background - E-Z-GO, founded in 1954, is recognized for its innovative electric vehicle technology and is part of Textron Inc., which operates across various industries including aircraft and defense [9][10]