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Oct 03, 2020
Textron Q3 2020 Earnings Report
Textron reported third quarter results with strong operating margins at Bell and Systems, and a continued recovery at Industrial and Aviation end-markets.
Key Takeaways
Textron reported a net income of $0.50 per share for the third quarter of 2020. The company saw continued strength in execution at defense businesses and a continuation of recovery at Industrial with strong operating results and margin improvement. Aviation was encouraged by the flow of aircraft orders.
Strong operating margins at Bell and Systems
Recovery continues at Industrial and Aviation end-markets
Manufacturing cash flow before pension contributions of $344 million, up 90% from prior year
Execution of teams in a very challenging operating environment yielded another strong quarter of cash flow
Revenue by Segment
Forward Guidance
Textron will host its conference call today, October 29, 2020 at 8:00 a.m. (Eastern) to discuss its results and outlook.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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