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Sep 30, 2023
Textron Q3 2023 Earnings Report
Reported third quarter 2023 results and raised full-year EPS outlook.
Key Takeaways
Textron reported higher overall revenues and net operating profit driven by growth at Aviation, Industrial and Systems. The strongest order quarter of the year was at Aviation with a 12% increase over the third quarter of 2022. The full-year adjusted EPS outlook was raised to $5.45 - $5.55.
EPS of $1.35; adjusted EPS of $1.49, up 30% from a year ago
$235 million returned to shareholders through share repurchases in the third quarter
Full-year adjusted EPS outlook raised to $5.45 - $5.55
Aviation saw its strongest order quarter of the year with a 12% increase over the third quarter of 2022
Revenue by Segment
Forward Guidance
Textron now expects 2023 adjusted earnings per share from continuing operations to be in a range of $5.45 to $5.55, up from our previous outlook of $5.20 to $5.30. Textron reiterated its expectation for manufacturing cash flow 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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