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Jan 01, 2022
Textron Q4 2021 Earnings Report
Reported fourth quarter 2021 results.
Key Takeaways
Textron reported solid fourth quarter results with adjusted EPS of $0.94. The company's Aviation backlog increased, and they returned $335 million to shareholders through share repurchases. The company is forecasting 2022 revenues of approximately $13.3 billion and expects full-year 2022 earnings per share to be in the range of $3.80 to $4.00.
Fourth Quarter EPS from continuing operations of $0.93; Adjusted EPS of $0.94.
Aviation backlog $4.1 billion at year-end, up $655 million in the quarter and $2.5 billion full year.
Full Year net cash from operating activities of $1.5 billion.
2022 full-year EPS outlook of $3.80 to $4.00.
Revenue by Segment
Forward Guidance
Textron is forecasting 2022 revenues of approximately $13.3 billion, up from $12.4 billion. Textron expects full-year 2022 earnings per share will be in the range of $3.80 to $4.00. The company is estimating net cash provided by operating activities of continuing operations of the manufacturing group will be between $1.1 billion and $1.2 billion and manufacturing cash flow before pension contributions, a non-GAAP measure, will be between $700 million and $800 million, with planned pension contributions of about $50 million.
Positive Outlook
- Continued momentum in commercial businesses
- Ongoing investment in new products
- Increased long-term shareholder value
Historical Earnings Impact
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Avg. Return Before/After Earnings
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