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Jun 29, 2024
Textron Q2 2024 Earnings Report
Reported higher revenue, earnings per share, and cash flow.
Key Takeaways
Textron reported second quarter 2024 income from continuing operations of $1.35 per share, with adjusted income from continuing operations at $1.54 per share. The company delivered higher revenue, earnings per share, and cash flow, and returned $358 million to shareholders through share repurchases.
EPS of $1.35; adjusted EPS of $1.54, up from $1.46 in prior year
Net cash from operating activities of $383 million in the second quarter of 2024
$358 million returned to shareholders through share repurchases in the second quarter
Textron Aviation revenues were $1.5 billion, up $113 million from last year's second quarter
Textron
Textron
Textron Revenue by Segment
Revenue by Segment
Textron Aviation Revenue
CapyFin.comBell Revenue
CapyFin.comTextron Systems Revenue
CapyFin.comIndustrial Revenue
CapyFin.comTextron eAviation Revenue
CapyFin.comFinance Revenue
CapyFin.com Forward Guidance
Textron provides outlook for 2024 with adjusted income from continuing operations - Non-GAAP between $1,185 and $1,220 and Diluted EPS between $6.20 and $6.40.
Positive Outlook
- Diluted EPS Income from continuing operations - GAAP $5.44
- LIFO inventory provision, net of tax 0.44
- Intangible asset amortization, net of tax 0.14
- Special charges, net of tax 0.18
- Manufacturing Cash Flow Before Pension Contributions - Non-GAAP between $900 and $1,000