Loading...
•
Jan 02, 2021
Textron Q4 2020 Earnings Report
Reported fourth quarter 2020 results and announced 2021 financial outlook.
Key Takeaways
Textron reported a solid performance across all manufacturing segments, with margin improvements at Systems, Industrial, and Bell, and delivered 61 jets with continued order momentum at Aviation.
EPS of $1.03; adjusted EPS of $1.06
Fourth quarter manufacturing segment profit margin of 8.8%
Full year net cash from operating activities of $833 million
Textron is forecasting 2021 revenues of approximately $12.5 billion, up from $11.7 billion in 2020.
Revenue by Segment
Forward Guidance
Textron is forecasting 2021 revenues of approximately $12.5 billion. Textron expects full-year 2021 GAAP earnings per share from continuing operations will be in the range of $2.64 to $2.88, or $2.70 to $2.90 on an adjusted basis (non-GAAP). The company is estimating net cash provided by operating activities of the manufacturing group will be between $950 million and $1,050 million and manufacturing cash flow before pension contributions (a non-GAAP measure) will be between $600 million and $700 million, with planned pension contributions of about $50 million.
Positive Outlook
- Continued improvement in our end-markets
- Ongoing investments in new products and programs
- Drive earnings growth
- Margin expansion
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...