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Dec 31, 2019
Textron Q4 2019 Earnings Report
Reported fourth quarter 2019 results with adjusted net income of $1.11 per share.
Key Takeaways
Textron reported a strong fourth quarter with Textron Aviation experiencing double-digit revenue growth and Bell seeing growth from strong commercial volume. The company forecasts increased revenues for 2020.
Textron Aviation saw an 11% increase in revenues, driven by initial deliveries of the Citation Longitude.
Bell's revenues increased by 16% due to higher commercial volume.
Textron Systems' revenues were up 16% due to higher volume.
Textron is forecasting 2020 revenues of approximately $14 billion.
Textron
Textron
Textron Revenue by Segment
Forward Guidance
Textron is forecasting 2020 revenues of approximately $14 billion, up from $13.6 billion. Textron expects full-year 2020 earnings per share will be in the range of $3.50 to $3.70.