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Jul 01, 2023
Textron Q2 2023 Earnings Report
Reported second quarter 2023 results and raised full-year EPS outlook.
Key Takeaways
Textron reported strong second-quarter results with revenue growth of 8.6% year over year, driven by higher revenues across all segments. The company's adjusted EPS increased by 32% from a year ago, and the full-year adjusted EPS outlook was raised.
EPS of $1.30; adjusted EPS of $1.46, up 32% from a year ago
Net cash from operating activities of $314 million in the second quarter of 2023
$273 million returned to shareholders through share repurchases in the second quarter
Full-year adjusted EPS outlook raised to $5.20 - $5.30
Revenue by Segment
Forward Guidance
Textron expects 2023 adjusted earnings per share from continuing operations to be in a range of $5.20 to $5.30. Textron reiterated its expectation for cash flow from continuing operations of the manufacturing group before pension contributions of $0.9 billion to $1.0 billion with planned pension contributions of about $50 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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