---
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"
generated_at: "2026-06-03T08:23:01.149318+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Textron Q1 adjusted EPS $1.20, up 14% YoY; expands restructuring plan to $165-170M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.05, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000217346-24-000050
- JSON: https://secwatch.observer/filing/0000217346-24-000050.json
- Plain text: https://secwatch.observer/filing/0000217346-24-000050.txt

## Key facts
- Earnings Releases
  TEXTRON INC reported first quarter 2024 results: EPS $1.03 per share.
  - Period: first quarter 2024
  - EPS: $1.03 per share
  - Result: reported results
  source text: Textron Reports First Quarter 2024 Results • EPS of $1.03; adjusted EPS of $1.20, up from $1.05 from prior year
  evidence_url: https://www.sec.gov/Archives/edgar/data/217346/000021734624000050/0000217346-24-000050-index.htm
- Restructurings & Charges
  TEXTRON INC announced a restructuring with charges of $25 million to $30 million affecting Textron Systems, Bell, Industrial (approximately 1,500 positions).
  - Type: restructuring
  - Charge: $25 million to $30 million
  - Affected area: Textron Systems, Bell, Industrial
  - Headcount: approximately 1,500 positions
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/217346/000021734624000050/0000217346-24-000050-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.