Fourth Quarter 2025 Earnings Review Kelly Ortberg President and Chief Executive Officer January 27, 2026 Copyright © 2026 Boeing. All rights reserved. Caution Concerning Forward-Looking Statements Certain statements made today constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "should," "expects," "intends," "projects," "plans," "believes," "estimates," "targets," "anticipates," and other similar words or expressio ...

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]

Earnings conference call 4th quarter 2025 January 27, 2026 © 2026 RTX Corporation. All rights reserved. Forward looking statements Note: This investor webcast presentation contains statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities laws. These forward-looking statements are intended to provide RTX Corporation ("RTX") management's current expectations or plans for our future operating and financial performance, b ...

Core Viewpoint - Adani Group and Embraer SA have formed a partnership to create a regional transport aircraft venture in India, focusing on manufacturing and assembly [1] Group 1: Partnership Details - The collaboration aims to enhance local manufacturing capabilities in India for regional transport aircraft [1] - The venture will involve increased local assembly and production efforts, aligning with India's push for self-reliance in defense and aerospace sectors [1] Group 2: Strategic Implications - This partnership is expected to strengthen the aerospace industry in India, potentially leading to job creation and technological advancements [1] - The initiative reflects a growing trend of international collaborations in the aerospace sector, particularly in emerging markets like India [1]

Core Viewpoint - Boeing is expected to report an adjusted loss of 40 cents per share with revenue nearing $22 billion for the quarter, indicating a focus on cash flow and production updates as key indicators of financial performance [1][4][11]. Financial Expectations - Analysts anticipate a significant focus on Boeing's cash flow and production guidance during the upcoming earnings report, particularly regarding the ramp-up of the Max production [4][7]. - The stock has seen a rise of over 40% in the last 12 months and is currently trading near its 52-week high, although it has recently pulled back by 1% [2][10]. Production and Supply Chain - Improvements in supply chain resilience have been noted, with fewer issues related to non-conforming components and enhancements in key production indicators [5][6]. - The transition to a higher build rate for the Max is crucial for Boeing's financial performance, and analysts are looking for reassurances that this transition is proceeding as planned [7][11]. Market Sentiment and Trading Strategy - The implied volatility surrounding Boeing's earnings report is elevated but not excessively high, with the options market pricing in a potential move of about $11, which is less than 4.5% on a $250 stock [12][13]. - A trading strategy involving a neutral to bullish stance has been suggested, utilizing a short put vertical to capitalize on the stock's potential upward movement while managing risk [14][17].

Core Insights - GE Aerospace has made significant operational improvements through its Technology & Operations team, which implements the "Flight Deck" lean operating model to enhance product quality and delivery speeds [3] - The company reported a strong financial performance for 2025, with revenue of $45.9 billion, a profit of $10 billion, and a 32% increase in orders to $66.2 billion [4] - GE Aerospace plans to invest nearly $1 billion in its U.S. manufacturing and supply chain, focusing on upgrading existing facilities [5] Financial Performance - In 2025, GE Aerospace achieved an 18% increase in full-year revenue compared to the previous year, with a profit growth of 31% [4] - The fourth quarter of 2025 saw an 18% revenue increase to $12.7 billion and a profit of $2.9 billion, up 24% year-over-year [7] - Orders surged 74% in Q4 to $27 billion, contributing significantly to the annual order total [7] Future Outlook - GE Aerospace anticipates low double-digit revenue growth for 2026, driven by strong orders and backlog growth [6] - The company forecasts annual profit for 2026 to be between $9.85 billion and $10.25 billion [6] Organizational Changes - The Technology & Operations team will be integrated into GE Aerospace's commercial business segment, with Mohamed Ali appointed to manage the expanded division [4]

In this articleGESPXDJIABAAIRGE Aerospace reported better-than-expected fourth-quarter earnings. (Christopher Pike/Bloomberg)GE Aerospace delivered another strong quarter with above-Street guidance. Shares, after initially jumping higher, gave up gains. ...

Core Viewpoint - GE Aerospace reported strong fourth-quarter earnings and revenue that exceeded analyst expectations, despite a decline in share price during the trading day [1] Group 1: Fourth-Quarter Performance - Adjusted earnings per share for the fourth quarter were $1.57, surpassing the consensus estimate of $1.43 [1] - Revenue for the fourth quarter reached $11.87 billion, exceeding the $11.2 billion consensus estimate [1] - Adjusted earnings increased by 19% year over year, while adjusted revenue rose by 20% compared to the same quarter last year [1] Group 2: Full-Year 2025 Results - For the full year 2025, adjusted earnings per share were $6.37, up 38% year over year [2] - Adjusted revenue increased by 21% to $42.3 billion [2] - Free cash flow climbed by 24% to $7.7 billion, with conversion exceeding 100% [2] Group 3: Future Outlook for 2026 - GE Aerospace forecasts earnings per share for 2026 to be between $7.10 and $7.40, with the midpoint exceeding analyst estimates of $7.12 [3] - The company noted continued strength in both commercial and defense markets, with commercial engine deliveries increasing by 25% in 2025 [3] - LEAP engine deliveries rose by 28%, while defense deliveries grew by 30% [3] Group 4: Order Backlog - Fourth-quarter orders totaled $27 billion, representing a 74% increase from the prior year [2] - This growth in orders is expected to expand the company's backlog and support future growth prospects [2]

Labor Market - Initial Jobless Claims came in at +200K, which is 8K below expectations and a slight increase from the previous week's revised figure of +199K [1] - The four-week average of new jobless claims is now +202K, which is 15K lower than the previous four weeks [1] - Continuing Claims reached 1.85 million, down from 1.884 million the previous week, marking the second-lowest level since last year's Memorial Day to Thanksgiving period [2] Economic Growth - Q3 GDP was revised up to +4.4%, the highest single quarter since +4.7% in Q3 of 2023, driven by increases in exports, investments, and inventories [3] Earnings Reports - GE Aerospace reported Q4 earnings of $1.57 per share, beating estimates of $1.44, with revenues of $11.87 billion, surpassing expectations by 5.38%, although shares are down -3% due to slowing revenue growth [4] - Procter & Gamble's fiscal Q2 earnings were $1.88, slightly above estimates, while revenues were $22.21 billion, falling short by -0.36% [5] - Abbott Labs met earnings estimates of $1.50 per share but fell short on revenue projections at $11.46 billion, leading to a -7.2% drop in shares [6] - Freeport-McMoRan reported earnings of 47 cents per share, exceeding the estimated 28 cents, with revenues of $5.63 billion, surpassing expectations of $5.18 billion, and shares are up slightly [7] Upcoming Earnings - Major companies such as Intel, Intuitive Surgical, and Capital One are set to release earnings after today's close, all currently holding Zacks Rank 3 (Hold) ratings [8]

Core Viewpoint - GE Aerospace stock has experienced a significant increase, trading at $325, marking a 105% rise from its lowest point in April last year and approaching its all-time high of $332 [1] Group 1 - The stock price of GE Aerospace has shown strong bullish momentum throughout the year [1] - The current trading price of $325 is close to the historical peak of $332 [1] - The stock has rebounded impressively, increasing by 105% since its lowest value recorded in April of the previous year [1]