Textron is a diversified multinational company that engages in the design, manufacturing, and service of a wide range of products and technologies in various sectors, including aerospace, defense, and industrial
The company is well-known for producing aircraft, specifically in the general aviation and military sectors, as well as a variety of vehicles such as golf carts and off-road vehicles. Additionally, Textron provides support services and advanced systems to enhance the operational capabilities of its products. Through innovation and engineering excellence, Textron aims to meet the evolving needs of its global customer base while maintaining high standards in safety and sustainability.
Textron Aviation said that the deliveries for the FAcT program are expected to begin in the first half of 2028. The Beechcraft King Air 260 will replace the fleet of Beechcraft King Air C-90B aircraft that has served the RCAF for decades.
Textron Chairman and CEO Scott C. Donnelly acknowledged that a work stoppage at Textron Aviation impacted the company’s 2024 financial results but highlighted that the firm saw strong order activity.
Aerospace and defense company Textron (NYSETXT) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 7.2% year on year to $3.61 billion. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $14.7 billion at the midpoint. Its non-GAAP profit of $1.34 per share was 6.8% above analysts’ consensus estimates.
Textron reports Q4 results, misses sales expectations but meets EPS estimates. Aviation and Bell segments drive revenue growth while Industrial segment faces challenges. FY25 outlook shows growth and improved margins.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Textron (NYSETXT) and the best and worst performers in the aerospace industry.
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Textron announces a pause in powersports production and a $30M-$40M inventory charge, causing its stock to drop. The inventory valuation charge is expected to reduce Adjusted earnings per share for 2024 by $0.12 to $0.16.
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