The company said revenue for Q2 2024 rose $103 million (3%) from Q2 2023. Textron Aviation revenue rose $113 million, Bell revenue rose $93 million, and Textron Systems revenue rose $17 million, while Industrial revenue fell $112 million.

1. 01

   The company said revenue for Q2 2024 rose $103 million (3%) from Q2 2023. Textron Aviation revenue rose $113 million, Bell revenue rose $93 million, and Textron Systems revenue rose $17 million, while Industrial revenue fell $112 million.

2. 02

   Bell said its Q2 revenue rose $93 million (13%), with military volume up $104 million, mainly related to the FLRAA program. The company said the Q2 decline in research and development costs of $45 million reflected the winddown of the Future Attack Reconnaissance Aircraft Program.

3. 03

   The company said Industrial segment revenue fell $112 million (11%) in Q2, with lower volume and mix accounting for $119 million, principally in the Specialized Vehicles product line. It said segment profit fell $37 million (47%) in Q2.

4. 04

   The company said operating cash flow from continuing operations for the first half of 2024 fell to $361 million from $99 million, mainly due to changes in working capital. In the same period, it paid $675 million to repurchase common stock and $374 million on long-term debt.

Key figures

Quarter ended June 29, 2024

Revenue

$3.5B

Net income

$259M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

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