AI English summary of an SEC filing — figures as filed
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.
Key points
AI summaryThe 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.
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.
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.
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-writtenAnalysis 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.
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