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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
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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