Textron Q2 adjusted EPS $1.62, revenue $3.8B; initiates Industrial segment sale

TEXTRON INC

GAAP EPS $1.42, adjusted EPS $1.62 vs $1.55 prior year; revenue $3.8B up 3%.
Textron Aviation delivered 40 jets (down from 49) and 44 turboprops (up from 34); segment profit $165M down 3%.
Bell revenue $1.1B up 6%, profit $75M down 6%; backlog $7.5B.
Initiated sale process for Industrial segment; Kautex revenue up, Specialized Vehicles down.
Full-year adjusted EPS guidance reiterated $6.40-$6.60; cash flow $700-800M; notes MV-75 funding risk.

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