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Mar 31, 2020
Textron Q1 2020 Earnings Report
Reported first quarter results with adjusted net income of $0.35 per share, excluding special charges related to COVID-19 impacts.
Key Takeaways
Textron reported a decrease in first quarter revenue and earnings per share compared to the previous year, impacted by the COVID-19 pandemic, particularly affecting Textron Aviation and Industrial segments. Bell and Textron Systems showed revenue growth due to strong military performance.
Net income was $0.22 per share, down from $0.76 per share in Q1 2019.
Adjusted net income was $0.35 per share, excluding special charges.
Bell and Textron Systems saw increased revenue and strong margin performance in their military businesses.
COVID-19 pandemic negatively impacted Textron Aviation and Industrial segments.
Revenue by Segment
Forward Guidance
Textron is prepared to handle the period of uncertainty with ample liquidity and diversified revenue streams and expects the actions taken to position them for success as they begin to exit this global shutdown.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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