NYSE$TXT
Textron Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported third quarter 2023 results and raised full-year EPS outlook.
Textron reported higher overall revenues and net operating profit driven by growth at Aviation, Industrial and Systems. The strongest order quarter of the year was at Aviation with a 12% increase over the third quarter of 2022. The full-year adjusted EPS outlook was raised to $5.45 - $5.55.
- EPS of $1.35; adjusted EPS of $1.49, up 30% from a year ago
- $235 million returned to shareholders through share repurchases in the third quarter
- Full-year adjusted EPS outlook raised to $5.45 - $5.55
- Aviation saw its strongest order quarter of the year with a 12% increase over the third quarter of 2022
Headline financials
Revenue & EPS history
Textron · Revenue · Quarterly
$3.34B
Revenue by segment
Textron · $3.34B total across 5 segments · Q3 2023
- Textron Aviation$1.34B+14.7%40.1%
- Industrial$922M+8.6%27.6%
- Bell$754M+0.0%22.6%
- Textron Systems$309M+5.8%9.3%
- Finance$13M+18.2%0.4%
Forward guidance
Textron now expects 2023 adjusted earnings per share from continuing operations to be in a range of $5.45 to $5.55, up from our previous outlook of $5.20 to $5.30. Textron reiterated its expectation for manufacturing cash flow before pension contributions of $0.9 billion to $1.0 billion, with planned pension contributions of about $50 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
+0.2%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+2.3%
Avg return
30 days after
52%
34 / 65 earnings
Positive
+11.7%
Q2 2023
Best reaction
-12.7%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.0% | +2.1% | +2.4% | |
| Q4 2025 | -7.5% | -7.1% | +4.7% | |
| Q3 2025 | -3.7% | -3.2% | -1.5% | |
| Q2 2025 | +1.2% | +1.7% | +6.0% | |
| Q1 2025 | +2.6% | +5.7% | +10.1% | |
| Q4 2024 | -3.4% | -3.0% | -10.9% | |
| Q3 2024 | -5.2% | -5.9% | -1.7% | |
| Q2 2024 | -1.9% | +0.1% | -4.5% | |
| Q1 2024 | -8.0% | -10.0% | -5.7% | |
| Q4 2023 | +8.6% | +8.1% | +8.4% | |
| Q3 2023 | +1.2% | +2.2% | +5.4% | |
| Q2 2023 | +11.7% | +13.9% | +10.0% | |
| Q1 2023 | +2.1% | +2.8% | -4.2% | |
| Q4 2022 | +3.6% | +1.4% | +5.7% | |
| Q3 2022 | +6.2% | +6.2% | +10.8% | |
| Q2 2022 | +0.7% | -0.5% | -0.9% | |
| Q1 2022 | +3.8% | +4.4% | -1.0% | |
| Q4 2021 | -7.1% | -4.0% | -0.4% | |
| Q3 2021 | +4.4% | +6.5% | +2.8% | |
| Q2 2021 | -0.1% | +3.7% | +5.5% | |
| Q1 2021 | +4.0% | +6.1% | +10.9% | |
| Q4 2020 | -5.4% | -8.6% | +1.5% | |
| Q3 2020 | +11.6% | +22.9% | +46.1% | |
| Q2 2020 | +2.0% | +4.8% | +16.6% | |
| Q1 2020 | -12.7% | -15.7% | +3.2% | |
| Q4 2019 | +2.7% | +1.3% | -11.2% | |
| Q3 2019 | -8.8% | -7.6% | -6.8% | |
| Q2 2019 | -9.6% | -7.9% | -17.9% | |
| Q1 2019 | +5.8% | +3.4% | -5.8% | |
| Q4 2018 | +7.0% | +7.3% | +12.0% | |
| Q3 2018 | -12.4% | -14.7% | -12.6% | |
| Q2 2018 | +0.3% | -0.4% | -0.2% | |
| Q1 2018 | +9.2% | +8.0% | +10.6% | |
| Q4 2017 | -0.6% | -5.8% | -4.2% | |
| Q3 2017 | +0.3% | +1.6% | -1.1% | |
| Q2 2017 | -1.8% | -1.5% | -3.7% | |
| Q1 2017 | -3.0% | -0.8% | -1.8% | |
| Q4 2016 | -1.8% | -3.9% | -4.5% | |
| Q3 2016 | +2.2% | +2.7% | +16.1% | |
| Q2 2016 | -0.2% | +0.2% | +3.7% | |
| Q1 2016 | +3.9% | — | — | |
| Q4 2015 | -11.0% | — | — | |
| Q3 2015 | +8.1% | — | — | |
| Q2 2015 | +8.6% | — | — | |
| Q1 2015 | +1.1% | — | — | |
| Q4 2014 | +2.9% | — | — | |
| Q3 2014 | +8.3% | — | — | |
| Q2 2014 | -0.1% | — | — | |
| Q1 2014 | -4.5% | — | — | |
| Q4 2013 | +4.7% | — | — | |
| Q3 2013 | +2.4% | — | — | |
| Q2 2013 | +1.9% | — | — | |
| Q1 2013 | -12.2% | — | — | |
| Q4 2012 | +4.8% | — | — | |
| Q3 2012 | -2.7% | — | — | |
| Q2 2012 | +10.7% | — | — | |
| Q1 2012 | -4.7% | — | — | |
| Q4 2011 | -0.4% | — | — | |
| Q3 2011 | -3.4% | — | — | |
| Q2 2011 | -3.2% | — | — | |
| Q4 2009 | -3.0% | — | — | |
| Q1 2011 | +1.6% | — | — | |
| Q2 2010 | +0.6% | — | — | |
| Q1 2010 | -0.1% | — | — | |
| Q4 2010 | -0.1% | — | — |
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