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Textron Inc (TXT.N)

TXT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Textron Says North America Still Driving Business Jet Demand - Conf Call
Wednesday, 17 Apr 2019 10:02am EDT 

April 17 (Reuters) - Textron Inc ::TEXTRON - IN QUARTER, ACHIEVED CERTIFICATION OF THE 407GXI FROM THE CIVIL AVIATION ADMINISTRATION OF CHINA - CONF CALL.TEXTRON - IN QUARTER, TEXTRON SYSTEMS WAS SELECTED TO RECEIVE AWARD TO GIVE UNMANNED SYSTEMS AS PART OF U.S. ARMY'S FUTURE CAPITAL UAS PROGRAM- CONF CALL.TEXTRON - LOOKING FORWARD TO LAUNCH OF SITE LONGITUDE AS WE WORK OUR FINAL CERTIFICATION, WHICH "IS CERTAINLY TAKING LONGER THAN EXPECTED" - CONF CALL.TEXTRON, RELATED TO LONGITUDE CERTIFICATION, SAYS "CONTINUE TO COORDINATE CLOSELY WITH FAA " - CONF CALL.TEXTRON, RELATED TO LONGITUDE CERTIFICATION, SAYS EXPECT TO COMPLETE DOCUMENTATION WORK IN Q2- CONF CALL.TEXTRON - EXPECT LONGITUDE DELIVERIES TO BEGIN IN Q3 OF 2019 - CONF CALL.TEXTRON, RELATED TO LONGITUDE CERTIFICATION DELAY - "THIS IS A TIMING ISSUE & DON'T THINK THIS WILL AFFECT OUR PERFORMANCE IN THE YEAR" - CONF CALL.TEXTRON SAYS ORDER ACTIVITY CONTINUES TO REMAIN HEALTHY FOR COMMERCIAL HELICOPTERS- CONF CALL.TEXTRON SAYS FIRST FEW LONGITUDE DELIVERIES WILL HAVE A DILUTIVE EFFECT ON CO'S MARGINS - CONF CALL.TEXTRON SAYS RELATED TO CAPITAL DEPLOYMENT, PREFER PRIORITIZING SHARE BUYBACK GOING FORWARD VERSUS M&A - CONF CALL.TEXTRON SAYS WOULDN'T EXPECT BUSINESS JET PRICING TO BE AT THE SAME LEVEL OF INCREASE THAT WE'VE SEEN OVER THE LAST YEAR OR SO - CONF CALL.TEXTRON SAYS EXPECT THAT THE BULK OF CO'S FREE CASH FLOW WILL GO TO SHARE REPURCHASE THIS YEAR - CONF CALL.  Full Article

Textron Sets Quarterly Dividend Of $0.02 Per Share
Wednesday, 27 Feb 2019 12:50pm EST 

Feb 27 (Reuters) - Textron Inc ::SETS QUARTERLY DIVIDEND OF $0.02 PER SHARE.  Full Article

Textron Continues To See Strong Orders Across The Citation Business Jet Portfolio
Thursday, 24 Jan 2019 10:25am EST 

Jan 24 (Reuters) - Textron Inc ::TEXTRON CEO SAYS "Q4 WAS A VERY STRONG QUARTER" - CONF CALL.TEXTRON CEO SAYS INDUSTRIAL REVENUES WERE LOW IN THE QUARTER, PRIMARILY REFLECTING THE DISPOSITION OF THE TOOLS & TEST BUSINESS - CONF CALL.TEXTRON CEO SAYS CONTINUE TO SEE STRONG ORDERS ACROSS THE CITATION BUSINESS JET PORTFOLIO.TEXTRON CEO SAYS THE CITATION LONGITUDE RECEIVED ITS PROVISIONAL TYPE CERTIFICATION IN THE QUARTER.TEXTRON CEO - FOR 2019, WILL CONTINUE TO RAMP PRODUCTION OF THE 505, INCREASING PRODUCTION RATES ON OTHER MODELS BASED UPON INCREASED CUSTOMER DEMAND.TEXTRON CEO SAYS "NOT YET" RELATED TO ANY BUSINESS IMPACT OF U.S. THE GOVERNMENT SHUTDOWN - CONF CALL.TEXTRON CEO SAYS RELATED TO LONGITUDE, "WE WILL REACH A POINT HERE WHERE WE WILL NEED THE FAA TO ISSUE THE FLIGHT CERTIFICATION".TEXTRON CEO SAYS "SAW SOME SOFTNESS ON OEMS, GENERALLY SPEAKING, AROUND THE WORLD IN 2018".TEXTRON CEO SAYS "DID OVERSPEND RESEARCH AND DEVELOPMENT THIS YEAR BEYOND OUR INITIAL FORECAST".TEXTRON CEO SAYS NO REVENUE BOOKED IN THE FOURTH QUARTER ON THE LONGITUDE.TEXTRON CEO SAYS IN AVIATION, WE CONTINUE TO SEE PRICE IMPROVEMENT.  Full Article

Textron Reports Fourth Quarter 2018 Results
Thursday, 24 Jan 2019 06:30am EST 

Jan 24 (Reuters) - Textron Inc ::TEXTRON REPORTS FOURTH QUARTER 2018 RESULTS; ANNOUNCES 2019 FINANCIAL OUTLOOK.SEES FY 2019 EARNINGS PER SHARE $3.55 TO $3.75 FROM CONTINUING OPERATIONS.Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.15 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE $1.02 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE ESTIMATE $0.98 -- REFINITIV IBES DATA.SEES FY 2019 REVENUE ABOUT $14 BILLION.TEXTRON AVIATION BACKLOG AT END OF Q4 WAS $1.8 BILLION..BELL BACKLOG AT END OF Q4 WAS $5.8 BILLION..TEXTRON - QTRLY TOTAL REVENUE $3,750 MILLION VERSUS $4,017 MILLION.TEXTRON - ESTIMATING NET CASH PROVIDED BY OPERATING ACTIVITIES OF CONTINUING OPERATIONS OF MANUFACTURING GROUP IN 2019 BETWEEN $1,020 MILLION -$1,120 MILLION.Q4 REVENUE VIEW $4.01 BILLION -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $3.48, REVENUE VIEW $14.63 BILLION -- REFINITIV IBES DATA.TEXTRON - SEES MANUFACTURING CASH FLOW BEFORE PENSION CONTRIBUTIONS IN 2019 BETWEEN $700 MILLION- $800 MILLION, PLANNED PENSION CONTRIBUTIONS OF ABOUT $50 MILLION.ADJUSTED INCOME FROM CONTINUING OPERATIONS EXCLUDES $73 MILLION OF PRE-TAX SPECIAL CHARGES RECORDED IN Q4.QTRLY BELL REVENUES WERE $827 MILLION, DOWN FROM $983 MILLION LAST YEAR.  Full Article

Parker Aerospace Wins Cessna Denali Contract
Friday, 20 Jul 2018 01:04pm EDT 

July 20 (Reuters) - Parker Aerospace::PRESS RELEASE PARKER AEROSPACE WINS CESSNA DENALI CONTRACT; TECHNOLOGY INNOVATIONS YIELD GREATER BLEED AIR CONTROL SYSTEM EFFICIENCY AND RELIABILITY.PARKER AEROSPACE SAYS ITS FLUID SYSTEMS DIVISION WAS AWARDED THE BLEED AIR CONTROL SYSTEM FOR TEXTRON AVIATION'S CESSNA DENALI TURBOPROP AIRCRAFT.  Full Article

Subaru Corp To Work With Bell Helicopter Textron To Manufacture 412EPX Helicopters - Nikkei
Wednesday, 18 Jul 2018 02:47pm EDT 

July 19 (Reuters) - Nikkei::SUBARU CORP TO WORK WITH BELL HELICOPTER TEXTRON TO MANUFACTURE MULTIPURPOSE 412EPX HELICOPTERS, WITH PLANS TO SELL OVER 150 UNITS WORLDWIDE - NIKKEI.  Full Article

Textron Seeing Strength In Aviation Order Rate In International Markets - Conf Call
Wednesday, 18 Jul 2018 09:00am EDT 

July 18 (Reuters) - Textron Inc ::TEXTRON SAYS NUMBER OF GROUND FLIGHT TEST CONDITIONS TO BE MET BY ITS NEW CITATION LONGITUDE HAS NEARLY DOUBLED; SAYS CERTIFICATION PROCESS IS TAKING LONGER THAN PLANNED - CONF CALL.TEXTRON SAYS BELL HAD AN EXTREMELY STRONG MARGIN RATE IN Q2, AND WOULDN'T EXPECT THAT TO SUSTAIN; SAYS CONTINUES TO EXPECT BELL BEING A 10-12 PERCENT BUSINESS OVER LONG TERM - CONF CALL.TEXTRON EXPECTS MARGINS IN ITS SYSTEMS BUSINESS TO BE LIGHTER IN THE SECOND HALF OF 2018 - CONF CALL.TEXTRON SAYS CONTINUES TO SEE IMPROVING ORDER FLOW ACROSS JET AND TURBOPROP PRODUCT LINES - CONF CALL.TEXTRON SAYS EXPECTS TO DELIVER THE FIRST CITATION LONGITUDE JET IN Q3, 2018 - CONF CALL.TEXTRON SAYS NOW SEEING MORE STRENGTH IN AVIATION ORDER RATE IN EUROPE, LATIN AMERICA AND SOME ASIAN ACTIVITY - CONF CALL.  Full Article

Textron Reports Q2 EPS Of $0.87 From Continuing Operations
Wednesday, 18 Jul 2018 06:30am EDT 

July 18 (Reuters) - Textron Inc ::TEXTRON REPORTS SECOND QUARTER 2018 INCOME FROM CONTINUING OPERATIONS OF $0.87 PER SHARE; RAISES FULL-YEAR EPS AND CASH GUIDANCE.TEXTRON INC <<>> SEES FY 2018 SHR $3.15 TO $3.35 FROM CONTINUING OPERATIONS.TEXTRON INC <<>> Q2 SHR $0.87 FROM CONTINUING OPERATIONS.TEXTRON INC <<>> Q2 SHR VIEW $0.70 -- THOMSON REUTERS I/B/E/S.TEXTRON INC - RAISES FULL-YEAR EPS AND CASH GUIDANCE .TEXTRON INC - AVIATION BACKLOG AT END OF Q2 WAS $1.6 BLN.TEXTRON INC - FULL-YEAR 2018 CASH FLOW GUIDANCE INCREASED TO $750 - $850 MLN.TEXTRON INC - BELL BACKLOG AT END OF Q2 WAS $5.5 BLN.TEXTRON INC - EXPECTS ONE-TIME GAIN OF ABOUT $400 MLN FROM TOOLS & TEST DIVESTITURE IN Q3 NOT REFLECTED IN UPDATED OUTLOOK.TEXTRON INC <<>> FY2018 SHR VIEW $3.16 -- THOMSON REUTERS I/B/E/S.TEXTRON INC - QTRLY REVENUE $3.73 BLN VS $3.60 BLN .TEXTRON INC <<>> Q2 REV VIEW $3.53 BLN -- THOMSON REUTERS I/B/E/S.  Full Article

Carbures Signs Deal With Textron To Manufacture Composite Parts For Specialized Vehicles
Wednesday, 9 May 2018 04:19am EDT 

May 9 (Reuters) - Carbures ::SIGNS A CONTRACT WITH TEXTRON <<>> TO MANUFACTURE COMPOSITE PARTS FOR SPECIALIZED VEHICLES.  Full Article

Textron Reports Q1 EPS of $0.72 From Cont Ops
Wednesday, 18 Apr 2018 06:30am EDT 

April 18 (Reuters) - Textron Inc ::TEXTRON REPORTS FIRST QUARTER 2018 INCOME FROM CONTINUING OPERATIONS OF $0.72 PER SHARE; SIGNS AGREEMENT TO SELL TOOLS & TEST BUSINESS FOR $810 MILLION.Q1 EARNINGS PER SHARE $0.72 FROM CONTINUING OPERATIONS.Q1 EARNINGS PER SHARE VIEW $0.48 -- THOMSON REUTERS I/B/E/S.Q1 TOTAL REVENUE $3.30 BILLION.Q1 REVENUE VIEW $3.09 BILLION -- THOMSON REUTERS I/B/E/S.REAFFIRMS FY 2018 EARNINGS PER SHARE VIEW $2.95 TO $3.15 FROM CONTINUING OPERATIONS.FY2018 EARNINGS PER SHARE VIEW $3.07 -- THOMSON REUTERS I/B/E/S.SAYS AUTHORIZED REPURCHASE OF UP TO 40 MILLION SHARES OF COMPANY'S COMMON STOCK.SAYS PROCEEDS FROM SALE OF TOOLS & TEST BUSINESS TO BE USED TO FUND ADDITIONAL SHARE REPURCHASES TO OFFSET EARNINGS IMPACT RELATED TO SALE.SAYS NEW SHARE REPURCHASE AUTHORIZATION REPLACES A PREVIOUS ONE, APPROVED IN JAN 2017, WHICH WAS NEARING COMPLETION.SAYS BELL BACKLOG AT END OF Q1 WAS $3.6 BILLION.SAYS TEXTRON AVIATION BACKLOG AT END OF Q1 WAS $1.6 BILLION.SEES 2018 CASH FLOW FROM CONTINUING OPERATIONS OF MANUFACTURING GROUP BEFORE PENSION CONTRIBUTIONS OF $700 TO $800 MILLION.SAYS 2018 GUIDANCE INCLUDES EXPECTED IMPACT OF TOOLS & TEST DIVESTITURE ON EPS AND CASH FLOW FROM CONTINUING OPERATIONS.SAYS INCLUDED IN BUSINESS SALE TO EMERSON ARE ALL TEXTRON TOOLS & TEST BUSINESSES AND BRANDS.  Full Article

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Textron sees final certification of Longitude jet in third quarter

(This April 17 story corrects headline and first paragraph to say the certification is expected in the 'third' quarter, not the 'second')