earnings
confidence high
sentiment positive
materiality 0.75
Textron Q3 EPS $1.06 beats $0.85 adj. prior year; raises cash flow guidance to $1.1-$1.2B
TEXTRON INC
- EPS from continuing ops $1.06 vs $0.82 GAAP and $0.85 adjusted in Q3 2021.
- Aviation backlog $6.4B, up $524M from Q2; delivered 39 jets (down from 49).
- Bell revenue $754M (-$15M YoY); commercial helicopter deliveries up to 49 from 33.
- Industrial revenue $849M (+$119M YoY) on higher volume and pricing.
- Full-year EPS outlook narrowed to $3.90-$4.00; cash flow guidance raised by $300M.