earnings
confidence high
sentiment positive
materiality 0.80
Textron Q3 adjusted EPS $0.85 beats $0.53 YoY; raises FY guidance
TEXTRON INC
- Q3 adjusted EPS $0.85 vs $0.53 YoY; GAAP EPS $0.82. Revenue $2.99B, up $258M.
- Aviation revenue up 49% to $1.2B; backlog $3.5B (+$1.9B YTD); 49 jet deliveries vs 25.
- Manufacturing cash flow before pension $271M; FY cash flow guidance raised to $1B-$1.1B.
- Full-year adjusted EPS outlook raised to $3.20-$3.30 from prior $3.10-$3.25 range.
- Returned $299M to shareholders via share repurchases in Q3; $586M YTD.