TXT Stock Recent News

TXT's Q4 results are likely to be impacted by the dismal sales performance delivered by two of its major business segments.

Get a deeper insight into the potential performance of Textron (TXT) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Textron (TXT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The aerospace sector had a strong 2024, but 2025 may be even stronger with lower interest rates, fuel costs, and less regulation under Trump's Presidency. During the year, aerospace giant Boeing Co. NYSE: BA suffered a number of challenges that hurt its reputation, including a $5.5 billion union strike.

Textron Inc. is a mid-cap blend conglomerate, undervalued and overlooked, offering a potential shelter from overpriced tech stocks, with strong brand awareness. Textron's diverse revenue streams include aviation, helicopters, industrial products, and defense systems, with significant backlogs and promising future contracts like the FLRAA project. Textron's financial health is solid, with a BBB credit rating, consistent share buybacks, and steady debt reduction, supporting long-term EPS growth.

Textron (TXT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

TXT's unit secures a $37.7 million contract from the U.S. Army to supply the Bell 412 EPX helicopter.

Textron's Q2 revenue grew by 3%, but missed estimates, while EPS beat expectations due to share repurchases, despite a decline in net income. Aviation and Bell segments showed strong performance, but the Industrial segment's decline significantly offset overall gains, raising concerns about its impact on the business. Significant backlogs in Aviation, Bell, and Systems present opportunities, but supply chain inefficiencies and a potential strike pose risks.

PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) will release its third quarter 2024 financial results on Thursday morning, October 24, 2024. Textron will also host a conference call at 8:00 a.m. (Eastern) to discuss the results and the company's outlook. The call will be available via webcast at www.textron.com or by direct dial at (844) 867-6169 in the U.S. or (409) 207-6975 outside of the U.S.; Access Code: 3144750. In addition, the call will be recorded and available for playback.

Textron's Aviation and Bell segments achieved decent revenue growth, up by 10% and 13% YoY, respectively, despite ongoing supply chain delays. Nonetheless, revenue in the industrial segment fell by 11%, with profit dropping nearly 47% YoY in this segment. Weak demand in automotive and consumer goods is likely to persist. Key risks include reliance on US government contracts and ongoing development costs in the eAviation segment.