Textron Q4 2024 Earnings Report
Key Takeaways
Textron reported Q4 2024 EPS of $0.76 and adjusted EPS of $1.34. The company experienced a work stoppage at Textron Aviation which impacted financial results, but saw strong order activity and aftermarket growth.
EPS of $0.76; adjusted EPS of $1.34
Full-year adjusted EPS of $5.48
Full-year share repurchases of $1.1 billion
Aviation backlog of $7.8 billion at year-end 2024, up $676 million from year-end 2023
Textron
Textron
Textron Revenue by Segment
Forward Guidance
Textron is forecasting 2025 revenues of approximately $14.7 billion. Textron expects full-year 2025 GAAP earnings per share from continuing operations will be in the range of $5.19 to $5.39, or $6.00 to $6.20 on an adjusted basis. The Company is estimating net cash provided by operating activities of the manufacturing group will be between $1.2 billion and $1.3 billion and manufacturing cash flow before pension contributions, a non-GAAP measure, will be between $800 million and $900 million, with planned pension contributions of about $50 million.
Positive Outlook
- Higher revenue and margin reflects a stabilized production line with improved productivity at Textron Aviation
- Growth across our aerospace and defense businesses driven by new product development
- Improved cost structure at our Industrial segment
Challenges Ahead
- Strike at Aviation
- Difficult end markets in our Industrial segment