Textron Q4 2023 Earnings Report
Key Takeaways
Textron reported a strong fourth quarter in 2023, with adjusted EPS of $1.60, up 30% from the previous year. The company's aviation backlog grew, and Bell began executing the FLRAA program. The 2024 outlook reflects higher revenues and operating margin expansion.
EPS of $1.01; adjusted EPS of $1.60, up 30% from a year ago.
Aviation backlog of $7.2 billion at year-end 2023, up $782 million from year-end 2022.
Full-year adjusted EPS of $5.59, up from $4.45 in 2022.
Full-year share repurchases totaled $1.168 billion.
Textron
Textron
Textron Revenue by Segment
Forward Guidance
Textron is forecasting 2024 revenues of approximately $14.6 billion and expects full-year 2024 GAAP earnings per share from continuing operations will be in the range of $5.62 to $5.82 or $6.20 to $6.40 on an adjusted basis.
Positive Outlook
- Higher revenues
- Increasing segment profit
- Operating margin expansion
- Ongoing investments in new products and programs
- Drive increases in long-term shareholder value
Revenue & Expenses
Visualization of income flow from segment revenue to net income