Textron (TXT) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.20%. A quarter ago, it was expected that this maker of Cessna small planes and Bell helicopters would post earnings of $1.46 per share when it actually produced earnings of $1.40, delivering a surprise of -4.11%.Over the ...

Financial Performance - Q4 2024 income from continuing operations was $0.76 per share, down from $1.01 per share in Q4 2023, with adjusted income from continuing operations at $1.34 per share, compared to $1.60 per share in Q4 2023[2] - Full-year 2024 income from continuing operations was $4.34 per share, down from $4.57 in 2023, with adjusted income from continuing operations at $5.48, compared to $5.59 in 2023[3] - Adjusted income from continuing operations for Q4 2024 was $248 million, compared to $316 million in Q4 2023, a decrease of 21.5%[27] - Full-year 2024 adjusted income from continuing operations was $1,042 million, down 7.5% from $1,127 million in 2023[27] - Q4 2024 diluted EPS (Non-GAAP) was $1.34, a 16.3% decrease from $1.60 in Q4 2023[27] - Adjusted diluted earnings per share for Q4 2024 was $1.34, compared to $1.60 in Q4 2023[39] - Full-year 2024 adjusted diluted earnings per share was $5.48, compared to $5.59 in 2023[39] Cash Flow and Capital Expenditures - Full-year 2024 manufacturing cash flow before pension contributions was $692 million, down from $931 million in 2023[4] - Net cash from operating activities for 2024 was $1.008 billion, a 20.6% decrease from $1.270 billion in 2023[32] - Capital expenditures for 2024 totaled $364 million, down 9.5% from $402 million in 2023[32] - Manufacturing cash flow before pension contributions (Non-GAAP) for 2024 was $692 million, down 25.7% from $931 million in 2023[32] - Manufacturing cash flow before pension contributions for Q4 2024 was $306 million, compared to $380 million in Q4 2023[43] - Full-year 2024 manufacturing cash flow before pension contributions was $692 million, compared to $931 million in 2023[43] - 2025 outlook for manufacturing cash flow before pension contributions is projected between $800 million and $900 million[44] Shareholder Returns - Textron returned $232 million to shareholders through share repurchases in Q4 2024, with full-year 2024 share repurchases totaling $1.1 billion[5] Revenue and Profit by Segment - Bell revenues in Q4 2024 were $1.1 billion, up $58 million from Q4 2023, with segment profit of $110 million, down $8 million from a year ago[12][13] - Textron Systems revenues in Q4 2024 were $311 million, down $3 million from Q4 2023, with segment profit of $42 million, up $7 million from a year ago[14] - Industrial segment revenues in Q4 2024 were $869 million, down $92 million from Q4 2023, with segment profit of $48 million, down $9 million from a year ago[15] - Textron eAviation segment revenues in Q4 2024 were $11 million, with a segment loss of $22 million, largely associated with R&D expenses on new products[16] Backlog and Future Outlook - Textron Aviation backlog at the end of Q4 2024 was $7.8 billion, up $676 million from year-end 2023[8] - Textron forecasts 2025 revenues of approximately $14.7 billion, up from $13.7 billion in 2024, with full-year 2025 GAAP EPS from continuing operations expected to be in the range of $5.19 to $5.39, or $6.00 to $6.20 on an adjusted basis[6] - 2025 outlook for adjusted income from continuing operations is projected between $1,105 million and $1,140 million[40] - 2025 outlook for adjusted diluted earnings per share is projected between $6.00 and $6.20[40] Special Charges and Inventory Impact - Textron recorded $78 million in pre-tax special charges in 2024, including $43 million in severance costs and $32 million in contract termination costs[28] - Inventory valuation charge was incurred due to the indefinite pause in powersports production, impacting the Industrial segment[28] Balance Sheet and Cash Position - Total assets as of December 28, 2024 were $16.838 billion, slightly down from $16.856 billion at the end of 2023[30] - Cash and equivalents decreased by $735 million in 2024, ending at $1.386 billion compared to $2.121 billion at the end of 2023[30]

Textron Inc. (TXT) is scheduled to release fourth-quarter 2024 results on Jan. 22, before market open.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company has a four-quarter average negative earnings surprise of 0.61%. The declining revenue performance across two of its major business segments is likely to have impacted Textron’s overall top-line performance. Moreover, charges related to its restructuring plan are likely to have hurt earnings.Labor Strike at Textron Aviation ...

Analysts on Wall Street project that Textron (TXT) will announce quarterly earnings of $1.31 per share in its forthcoming report, representing a decline of 18.1% year over year. Revenues are projected to reach $3.74 billion, declining 3.9% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Textron (TXT) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 22. On th ...

I am the author of Guiding Mast Investments monthly newsletter, focused on timely dividend paying stocks. Our mission at Guiding Mast Investments is to help investors keep a steady pace of wealth accumulation as they navigate through their financial voyage.  I have been a Registered Investment Advisor, financial author, and entrepreneur. I bring a variety of expertise to my clients, from personal investment planning and management to stock market analysis skills. I am the creator of the late 1990s investmen ...

Textron Inc.’s (TXT) business unit, Bell, secured a contract to aid the UH-1Y and AH-1Z helicopters. The award has been offered by the Naval Air Systems Command, Patuxent River, MD.Details of TXT’s DealValued at $13 million, the contract is expected to be completed by December 2025. Per the terms of the deal, Textron will provide program management, engineering and logistics services for upgrading and sustainment of the AH-1Z Viper and UH-1Y Venom helicopters. This contract will serve the U.S. Marine Corps ...

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.Textron (NYSE: TXT ) is one of the names in aerospace and defense that has not performed to satisfaction. Since I marked the stock a buy in December 2022, share price development has lagged theDhierin runs the investing group The Aerospace Forum , ...

Textron Inc.’s (TXT) , business unit, Textron Aviation Defense, recently delivered five Beechcraft T-6C Texan II planes to Vietnam Air Force, marking a historic milestone. These planes will support pilot training for the Vietnam Air Defense Air Force and strengthen the United States-Vietnam partnership.This delivery comes as part of a contract for a total of 12 planes, ordered in August 2022. The remaining seven aircraft are expected to be delivered by mid-2025.What’s Favoring TXT?As nations across the glob ...

LAS VEGAS, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc., an innovative private aviation and artificial intelligence company, announced a fleet purchase agreement with Textron Aviation Inc. for the purchase of three Cessna Citation CJ4 Gen2 aircraft. With deliveries scheduled for Q2, Q3 and Q4 of 2026, the new aircraft will join the Jet.AI fleet as part of a brand-new CJ4 Gen2 fractional program. Jet.AI offers fractional jet ownership for individuals and businesses seeking flexible and convenient private av ...