secwatch.observer — SEC 8-K summary
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Issuer:     TEXTRON INC (TXT)
CIK:        0000217346
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0000217346-24-000091
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Textron Q3 adj EPS $1.40 vs $1.49 YoY; cuts FY adj EPS guidance to $5.40-$5.60 from $6.20-$6.40
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- GAAP EPS $1.18; adjusted EPS $1.40 (down from $1.49); net cash from ops $208M.
- IAM strike at Textron Aviation cut Q3 revenue ~$50M, profit ~$30M; new 5-yr contract ratified but Q4 impact expected.
- FY2024 adjusted EPS guidance lowered to $5.40-$5.60 (prior $6.20-$6.40); manufacturing cash flow guidance cut to $650M-$750M.
- Bell revenue up $175M to $929M; FLRAA Milestone B approved, backlog up $2.3B to $6.5B.
- Textron Aviation backlog $7.6B; delivered 41 jets (up from 39) and 25 commercial turboprops (down from 38).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/217346/000021734624000091/0000217346-24-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/217346/000021734624000091/txt-20241024.htm
  HTML page:      https://secwatch.observer/filing/0000217346-24-000091

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