NYSE$TXT

Textron Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Reported fourth quarter 2024 results and announced 2025 financial outlook.

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

Headline financials

Total Revenue

$3.61B

Previous: $3.89B-7.2%
EPS (adj)

$1.34

Previous: $1.60-16.3%
Capital Expenditures

-$153M

Previous: -$178M+14.0%
Net Income

$141M

Previous: $198M-28.8%
Operating Income

$131M

Previous: $384M-65.9%

Revenue & EPS history

Textron · Revenue · Quarterly

$3.61B

Q4 2024-7.2%vs Q4 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Textron · $3.34B total across 5 segments · Q3 2023

  • Textron Aviation
    $1.34B+14.7%
  • Industrial
    $922M+8.6%
  • Bell
    $754M+0.0%
  • Textron Systems
    $309M+5.8%
  • Finance
    $13M+18.2%

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.

Tailwinds

  • 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

Headwinds

  • Strike at Aviation
  • Difficult end markets in our Industrial segment

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 Q4 2024

Historical avgQ4 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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