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Dec 31, 2022
Textron Q4 2022 Earnings Report
Reported fourth quarter earnings, with EPS from continuing operations up from Q4 2021 and announced 2023 financial outlook.
Key Takeaways
Textron reported strong fourth quarter results with increased EPS and provided a positive 2023 financial outlook, forecasting revenue growth and EPS improvement.
EPS from continuing operations was $1.07, an increase of $0.14 from Q4 2021.
Aviation backlog reached $6.4 billion at year-end 2022, up $2.3 billion from the previous year.
Textron is forecasting 2023 revenues of approximately $14.0 billion, up from $12.9 billion.
Full-year 2022 income from continuing operations was $4.01 per share up from $3.30 in 2021.
Textron
Textron
Textron Revenue by Segment
Forward Guidance
Textron is forecasting 2023 revenues of approximately $14.0 billion and expects full-year 2023 GAAP earnings per share from continuing operations will be in the range of $4.40 to $4.60.
Positive Outlook
- Higher revenues
- Increased profit
- Operating margin expansion
- Ongoing investments in new products
- Ongoing investments in new programs