Textron Inc. (TXT) recently revealed that its Cessna Citation Latitude and Citation Longitude mid-size business jets would be equipped with upgraded Garmin G5000 avionics. These advanced avionics features are expected to provide better performance and improved user experience to pilots of the new Cessna Citation Latitude aircraft, starting in 2025, and the new Longitude jets, starting in 2026.What’s New?The Cessna Citation Latitude and Longitude jets will have several cutting-edge features and technology wh ...

The companies are collaborating on the development of an uncrewed military vehicle intended for advanced terrain environments and designed without space for a driverHUNT VALLEY, Md. and MOUNTAIN VIEW, Calif., May 20, 2024 /PRNewswire/ -- Textron Systems Corporation, a Textron Inc. (NYSE: TXT) company, a leading developer of crewed and uncrewed military ground vehicles, and Kodiak Robotics, Inc., a leading self-driving technology developer for the trucking and defense markets, announced today that they are c ...

Ryan Fletcher/iStock Editorial via Getty Images Textron Inc. (NYSE:TXT) is a conglomerate, leading in defense, aviation, industrial products and more. This company owns several well-known brands such as Bell, and Cessna, which can be seen below. Textron makes everything from planes to golf carts, to helicopters to snowmobiles. I have followed this company off and on for years, and what brought me to take another look just now is because the stock plunged by about 10%, after the company reported Q1 results f ...

Textron (TXT) has been beaten down lately with too much selling pressure. While the stock has lost 11.5% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measu ...

At 17 times earnings and 10% growth, is this defense contractor a buy or a sell ?Shares of defense contractor Textron (TXT -11.67%) tumbled 11.8% through 10:35 a.m. ET Thursday despite the company reporting better-than-expected results for Q1 2024.Analysts forecast the maker of armored cars, military drones, Cessna airplanes, and Bell helicopters would earn only $1.13 per share (non-GAAP) on sales of $3.1 billion in Q1. But Textron surprised to the upside with $1.20 per share in earnings and sales of $3.14 ...

Textron Inc. (TXT) reported first-quarter 2024 adjusted earnings of $1.20 per share, which lagged the Zacks Consensus Estimate of $1.28 by 6.3%. However, the bottom line improved 14.3% from the year-ago quarter’s figure of $1.05 per share.The company reported GAAP earnings of $1.03 per share, up from 92 cents registered in the first quarter of 2023.RevenuesTXT reported total revenues of $3.14 billion, which missed the Zacks Consensus Estimate of $3.34 billion by 6.1%. However, the reported figure increased ...

Textron (TXT) reported $3.14 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 3.7%. EPS of $1.20 for the same period compares to $1.05 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.34 billion, representing a surprise of -6.11%. The company delivered an EPS surprise of -6.25%, with the consensus EPS estimate being $1.28.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

Textron Inc. (NYSE:TXT) Q1 2024 Earnings Conference Call April 25, 2024 8:00 AM ET Company Participants David Rosenberg - Vice President, Investor Relations Scott Donnelly - Chairman, President and Chief Executive Officer Frank Connor - Executive Vice President and Chief Financial Officer Conference Call Participants David Strauss - Barclays Robert Stallard - Vertical Research Sheila Kahyaoglu - Jefferies Myles Walton - Wolfe Research Peter Arment - Baird Cai von Rumohr - TD Cowen Seth Seifman - JPMorgan No ...

Q1 2024 Earnings Call Presentation APRIL 25TH, 2024 The data in this package should be read in conjunction with the Textron earnings release and accompanying tables. © 2024 TEXTRON INC. 1 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. Th ...

Corporate Communications Department NEWS Release Textron Reports First Quarter 2024 Results • EPS of $1.03; adjusted EPS of $1.20, up from $1.05 from prior year • Segment profit of $290 million, up $31 million from prior year Providence, Rhode Island – April 25, 2024 – Textron Inc. (NYSE: TXT) today reported first quarter 2024 net income of $1.03 per share, as compared to $0.92 per share in the first quarter of 2023. Adjusted net income, a non-GAAP measure that is defined and reconciled to GAAP in an attach ...