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Textron logoTextron TXT

The company said Textron’s income from continuing operations per share for Q4 2023 was $1.01 ($1.07 a year earlier), and adjusted EPS was $1.60 ($1.23 a year earlier). Adjusted EPS for the full year was $5.59, compared with $4.45 in 2022.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said Textron’s income from continuing operations per share for Q4 2023 was $1.01 ($1.07 a year earlier), and adjusted EPS was $1.60 ($1.23 a year earlier). Adjusted EPS for the full year was $5.59, compared with $4.45 in 2022.

  2. The company said Textron Aviation revenues for Q4 were $1.5 billion, down $58 million from a year earlier, while Bell revenues rose $1.1 billion to $255 million. Aviation backlog stood at $7.2 billion at the end of 2023.

  3. Textron said net cash provided by operating activities of the manufacturing group for the full 2023 year was $1.3 billion, and manufacturing cash flow before pension contributions (non-GAAP) was $931 million, down from $1.178 billion in 2022. Full-year share repurchases totaled $1.168 billion.

  4. The company said it expects 2024 revenue of about $14.6 billion (2023 $13.7 billion), GAAP EPS of $5.62 to $5.82, and adjusted EPS of $6.20 to $6.40.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q4 2023 and Full-Year Earnings Per Share

The company said Textron’s income from continuing operations per share for Q4 2023 was $1.01 ($1.07 a year earlier), and adjusted EPS was $1.60 ($1.23 a year earlier). Adjusted EPS for the full year was $5.59, compared with $4.45 in 2022.

Source · Based on the filing body and exhibits

Aviation and Bell Results for Q4

The company said Textron Aviation revenues for Q4 were $1.5 billion, down $58 million from a year earlier, while Bell revenues rose $1.1 billion to $255 million. Aviation backlog stood at $7.2 billion at the end of 2023.

Source · Based on the filing body and exhibits

Manufacturing Cash Flow and Share Repurchases

Textron said net cash provided by operating activities of the manufacturing group for the full 2023 year was $1.3 billion, and manufacturing cash flow before pension contributions (non-GAAP) was $931 million, down from $1.178 billion in 2022. Full-year share repurchases totaled $1.168 billion.

Source · Based on the filing body and exhibits

2024 Full-Year Outlook

The company said it expects 2024 revenue of about $14.6 billion (2023 $13.7 billion), GAAP EPS of $5.62 to $5.82, and adjusted EPS of $6.20 to $6.40.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.