{"schema_version":"secwatch.filing_event.v1","accession":"0000217346-24-000050","form_type":"8-K","ticker":"TXT","cik":"0000217346","company_name":"TEXTRON INC","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.467141+00:00","generated_at":"2026-06-03T08:23:01.149318+00:00","sec_items":["2.02","2.05","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Textron Q1 adjusted EPS $1.20, up 14% YoY; expands restructuring plan to $165-170M","bullets":["GAAP EPS $1.03, adjusted EPS $1.20 vs $1.05 prior year; segment profit $290M (+$31M YoY).","Aviation backlog $7.3B (+$177M); Bell revenue up $106M on FLRAA; Bell backlog $4.5B.","Net cash used by operating activities $30M vs $153M provided last year; $317M in share repurchases.","Restructuring plan expanded to $165-170M pre-tax; headcount reduction ~1,500 (4% of workforce).","Shadow and FARA program cancellations at Textron Systems and Bell drove severance costs."],"urls":{"canonical":"https://secwatch.observer/filing/0000217346-24-000050","json":"https://secwatch.observer/filing/0000217346-24-000050.json","markdown":"https://secwatch.observer/filing/0000217346-24-000050.md","text":"https://secwatch.observer/filing/0000217346-24-000050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/217346/000021734624000050/0000217346-24-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/217346/000021734624000050/txt-20240425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T08:23:01.149318+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"412fcb70c927846f31fd354f9008a060427d052d","claim":"TEXTRON INC reported first quarter 2024 results: EPS $1.03 per share.","evidence_excerpt":"Textron Reports First Quarter 2024 Results • EPS of $1.03; adjusted EPS of $1.20, up from $1.05 from prior year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/217346/000021734624000050/0000217346-24-000050-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2024"},{"label":"EPS","value":"$1.03 per share"},{"label":"Result","value":"reported results"}]},{"claim_id":"b4463cfa1d27c5522156ae6ecfc4dc82967de880","claim":"TEXTRON INC announced a restructuring with charges of $25 million to $30 million affecting Textron Systems, Bell, Industrial (approximately 1,500 positions).","evidence_excerpt":"of the 2023 restructuring plan, we have incurred $140 million in pre-tax special charges and now expect to incur severance costs in the second quarter of 2024 in the range of $25 million to $30 million. Headcount reductions for the plan are now expected to total approximately 1,500 positions, representing 4% of our global workforce. We estimate that remaining","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/217346/000021734624000050/0000217346-24-000050-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"$25 million to $30 million"},{"label":"Affected area","value":"Textron Systems, Bell, Industrial"},{"label":"Headcount","value":"approximately 1,500 positions"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}