Textron Q3 2022 Earnings Report
Key Takeaways
Textron reported a positive third quarter, with higher segment profit margin and strong cash generation. The company's operating results demonstrated resilience amidst ongoing supply chain and labor challenges. Textron narrowed its full-year EPS outlook to $3.90 to $4.00 and raised its full-year cash flow guidance to $1.1 billion to $1.2 billion.
EPS from continuing operations was $1.06, up $0.24 from the third quarter of 2021.
Net cash from operating activities was $356 million in the third quarter of 2022.
Aviation backlog reached $6.4 billion, up $524 million from the second quarter of 2022.
Full-year EPS outlook narrowed to a range of $3.90 to $4.00.
Textron
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Textron Revenue by Segment
Forward Guidance
Textron expects 2022 earnings per share from continuing operations to be in a range of $3.90 to $4.00. Textron also expects 2022 manufacturing cash flow before pension contributions to be in a range of $1.1 billion to $1.2 billion, up $300 million from the previous outlook, with planned pension contributions of $50 million.