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Complete financial analysis of Textron Inc. (TXT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Textron Inc., a leading company in the Aerospace & Defense industry within the Industrials sector.
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Textron Inc. (TXT)
About Textron Inc.
Textron Inc. operates in the aircraft, defense, industrial, and finance businesses. The company's Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts. Its Bell segment supplies military and commercial helicopters, tiltrotor aircrafts, and related spare parts and services. The company's Textron Systems segment offers unmanned aircraft systems, electronic systems and solutions, advanced marine crafts, piston aircraft engines, live military air-to-air and air-to-ship training, weapons and related components, and armored and specialty vehicles. Its Industrial segment offers blow-molded plastic fuel systems, including conventional plastic fuel tanks and pressurized fuel tanks for hybrid vehicle applications, clear-vision systems, and plastic tanks for catalytic reduction systems primarily to automobile original equipment manufacturers; and golf cars, off-road utility vehicles, recreational side-by-side and all-terrain vehicles, snowmobiles, light transportation vehicles, aviation ground support equipment, professional turf-maintenance equipment, and turf-care vehicles to golf courses and resorts, government agencies and municipalities, consumers, outdoor enthusiasts, and commercial and industrial users. The company's Finance segment provides financing services to purchase new and pre-owned aircraft and bell helicopters. It serves in the United States, Europe, Asia, Australia, and internationally. Textron Inc. was founded in 1923 and is headquartered in Providence, Rhode Island.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13.68B | 12.87B | 12.38B | 11.65B | 13.63B | 13.97B | 14.20B | 13.79B | 13.42B | 13.88B | 12.10B | 12.24B | 11.28B | 10.53B | 10.50B | 14.25B | 13.23B | 11.49B | 10.04B | 10.24B | 9.86B | 10.66B | 12.32B | 13.09B | 11.58B | 9.68B | 10.54B | 9.27B | 9.97B | 9.68B | 9.08B | 8.35B | 7.84B | 7.92B | 6.43B | 7.29B | 5.39B | 5.02B | 4.04B |
| Cost of Revenue | 11.41B | 10.80B | 10.30B | 10.09B | 11.41B | 11.59B | 11.80B | 11.31B | 10.98B | 11.42B | 10.13B | 10.02B | 10.68B | 8.61B | 10.03B | 10.76B | 9.72B | 8.53B | 7.46B | 7.89B | 7.67B | 8.22B | 9.76B | 9.53B | 8.67B | 7.21B | 6.40B | 5.45B | 4.88B | 5.12B | 4.93B | 4.12B | 3.96B | 4.15B | 3.94B | 4.07B | 4.22B | 3.89B | 3.08B |
| Gross Profit | 2.28B | 2.07B | 2.09B | 1.56B | 2.22B | 2.38B | 2.40B | 2.48B | 2.44B | 2.46B | 1.97B | 2.22B | 591.00M | 1.92B | 475.00M | 3.49B | 3.51B | 2.96B | 2.58B | 2.35B | 2.19B | 2.44B | 2.56B | 3.56B | 2.91B | 2.47B | 4.14B | 3.82B | 5.09B | 4.57B | 4.15B | 4.23B | 3.88B | 3.77B | 2.49B | 3.21B | 1.17B | 1.13B | 962.20M |
| Gross Profit Ratio | 16.65% | 16.08% | 16.84% | 13.36% | 16.32% | 17.02% | 16.92% | 17.96% | 18.21% | 17.70% | 16.30% | 18.13% | 5.24% | 18.24% | 4.52% | 24.49% | 26.53% | 25.78% | 25.68% | 22.93% | 22.21% | 22.87% | 20.79% | 27.17% | 25.11% | 25.53% | 39.29% | 41.23% | 51.08% | 47.17% | 45.70% | 50.65% | 49.55% | 47.58% | 38.73% | 44.08% | 21.73% | 22.50% | 23.83% |
| Research & Development | 570.00M | 601.00M | 619.00M | 549.00M | 647.00M | 643.00M | 634.00M | 677.00M | 778.00M | 694.00M | 651.00M | 584.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -3.00M | 0.00 | 0.00 | 0.00 | 0.00 | 33.00M | 0.00 | 0.00 | 58.00M | 81.00M | 1.52B | 1.61B | 1.48B | 1.21B | 1.04B | 1.76B | 1.60B | 1.72B | 1.49B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.28B | 1.34B | 0.00 | 1.30B | 1.36B | 1.13B | 1.17B | 0.00 | 0.00 | 0.00 | 0.00 | 1.69B | 0.00 | 0.00 | 1.38B | 1.29B | -138.00M | -82.00M | 0.00 | 0.00 | 0.00 | -256.00M | -230.00M | -169.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 1.23B | 1.19B | 1.22B | 1.05B | 1.15B | 1.28B | 1.34B | 1.30B | 1.30B | 1.36B | 1.13B | 1.17B | 114.00M | 1.23B | 164.00M | 1.64B | 1.69B | 1.52B | 1.40B | 1.38B | 1.29B | 1.38B | 1.53B | 1.48B | 1.21B | 1.04B | 1.50B | 1.37B | 1.55B | 1.49B | 1.44B | 1.45B | 1.34B | 1.34B | 2.14B | 1.28B | 604.30M | 610.20M | 571.80M |
| Other Expenses | 0.00 | 240.00M | 159.00M | 83.00M | 113.00M | 76.00M | 130.00M | 0.00 | 0.00 | 52.00M | 0.00 | 212.00M | 201.00M | 143.00M | 267.00M | 234.00M | 484.00M | 26.00M | 29.00M | 379.00M | 414.00M | 565.00M | 610.00M | 969.00M | 232.00M | 305.00M | 982.00M | 961.00M | 1.12B | 398.00M | 280.80M | 396.20M | 222.80M | 220.00M | 214.30M | 204.70M | 170.30M | 118.70M | 98.90M |
| Operating Expenses | 1.80B | 1.19B | 1.22B | 1.05B | 1.15B | 1.28B | 1.34B | 1.30B | 1.30B | 1.36B | 1.13B | 1.17B | 114.00M | 1.37B | 164.00M | 1.87B | 1.73B | 1.55B | 1.43B | 1.44B | 1.36B | 1.52B | 1.27B | 1.98B | 1.65B | 1.40B | 1.93B | 1.76B | 1.97B | 1.89B | 1.72B | 1.84B | 1.56B | 1.56B | 2.36B | 1.48B | 774.60M | 728.90M | 670.70M |
| Cost & Expenses | 12.63B | 11.99B | 11.52B | 11.14B | 12.56B | 12.87B | 13.13B | 12.62B | 12.28B | 12.78B | 11.26B | 11.18B | 10.80B | 9.98B | 10.19B | 12.63B | 11.44B | 10.08B | 8.90B | 9.34B | 9.03B | 9.74B | 11.03B | 11.51B | 10.32B | 8.62B | 8.34B | 7.21B | 6.85B | 7.00B | 6.65B | 5.96B | 5.52B | 5.71B | 6.30B | 5.55B | 4.99B | 4.62B | 3.75B |
| Interest Income | 0.00 | 94.00M | 124.00M | 145.00M | 146.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.00M | 16.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 77.00M | 107.00M | 142.00M | 166.00M | 171.00M | 166.00M | 174.00M | 174.00M | 169.00M | 191.00M | 173.00M | 212.00M | 140.00M | 270.00M | 143.00M | 432.00M | 484.00M | 438.00M | 290.00M | 248.00M | 270.00M | 304.00M | 433.00M | 486.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 395.00M | 392.00M | 376.00M | 379.00M | 405.00M | 424.00M | 431.00M | 434.00M | 461.00M | 459.00M | 389.00M | 383.00M | 403.00M | 393.00M | 409.00M | 403.00M | 336.00M | 290.00M | 303.00M | 353.00M | 356.00M | 368.00M | 514.00M | 494.00M | 440.00M | 361.00M | 435.00M | 387.00M | 415.00M | 398.00M | 280.80M | 396.20M | 222.80M | 220.00M | 214.30M | 204.70M | 170.30M | 118.70M | 98.90M |
| EBITDA | 1.56B | 1.52B | 1.39B | 827.00M | 1.52B | 1.97B | 1.37B | 1.48B | 1.60B | 1.58B | 1.24B | 1.44B | 951.00M | 939.00M | 720.00M | 2.02B | 2.12B | 1.70B | 1.33B | 1.13B | 1.19B | 1.22B | 1.80B | 2.56B | 1.70B | 1.42B | 1.23B | 1.10B | 3.54B | 3.08B | 2.71B | 2.78B | 2.55B | 2.42B | 349.90M | 1.94B | 566.70M | 519.90M | 390.40M |
| EBITDA Ratio | 11.37% | 11.81% | 11.41% | 8.46% | 11.75% | 103.13% | 103.15% | 103.17% | 103.43% | 102.93% | 103.21% | 103.13% | 7.80% | 8.92% | 6.86% | 14.17% | 16.03% | 14.82% | 14.44% | 12.30% | 12.03% | 12.10% | 14.63% | 19.53% | 14.69% | 14.65% | 30.40% | 32.11% | 50.57% | 44.81% | 42.44% | 46.69% | 46.21% | 42.87% | -10.23% | 36.13% | 5.65% | 5.66% | 4.08% |
| Operating Income | 1.05B | 1.12B | 1.02B | 595.00M | 1.19B | 1.10B | 1.07B | 1.17B | 1.14B | 1.10B | 847.00M | 1.05B | 583.00M | 546.00M | 421.00M | 1.62B | 1.78B | 1.41B | 1.15B | 907.00M | 830.00M | 922.00M | 1.29B | 1.58B | 1.26B | 1.07B | 2.21B | 2.06B | 3.13B | 2.68B | 2.43B | 2.39B | 2.32B | 2.20B | 135.60M | 1.73B | 396.40M | 401.20M | 291.50M |
| Operating Income Ratio | 7.70% | 8.73% | 8.26% | 5.11% | 8.69% | 7.89% | 7.51% | 8.51% | 8.49% | 7.90% | 7.00% | 8.61% | 5.17% | 5.19% | 4.01% | 11.34% | 13.49% | 12.30% | 11.42% | 8.86% | 8.42% | 8.65% | 10.46% | 12.07% | 10.90% | 11.03% | 20.95% | 22.24% | 31.35% | 27.68% | 26.73% | 28.57% | 29.65% | 27.84% | 2.11% | 23.77% | 7.36% | 7.99% | 7.22% |
| Total Other Income/Expenses | 34.00M | 154.00M | 9.00M | -230.00M | -130.00M | 281.00M | -275.00M | 33.00M | -169.00M | -243.00M | -173.00M | -212.00M | -249.00M | -460.00M | -576.00M | -929.00M | -532.00M | -438.00M | -408.00M | -305.00M | -443.00M | -432.00M | -870.00M | -995.00M | -258.00M | -317.00M | -296.00M | -318.00M | -2.33B | -1.94B | -1.81B | -1.86B | -1.83B | -1.74B | 274.70M | -1.30B | 56.20M | 43.60M | 9.30M |
| Income Before Tax | 1.09B | 1.02B | 873.00M | 282.00M | 942.00M | 1.38B | 762.00M | 876.00M | 971.00M | 853.00M | 674.00M | 841.00M | 337.00M | 86.00M | -149.00M | 658.00M | 1.30B | 975.00M | 739.00M | 528.00M | 401.00M | 490.00M | 419.00M | 585.00M | 1.00B | 737.00M | 922.00M | 804.00M | 800.00M | 741.00M | 613.50M | 527.00M | 495.00M | 459.20M | 410.30M | 433.30M | 452.60M | 444.80M | 300.80M |
| Income Before Tax Ratio | 7.94% | 7.89% | 7.05% | 2.42% | 6.91% | 9.91% | 5.37% | 6.35% | 7.23% | 6.15% | 5.57% | 6.87% | 2.99% | 0.82% | -1.42% | 4.62% | 9.83% | 8.49% | 7.36% | 5.16% | 4.07% | 4.60% | 3.40% | 4.47% | 8.67% | 7.61% | 8.74% | 8.67% | 8.02% | 7.65% | 6.76% | 6.31% | 6.31% | 5.80% | 6.38% | 5.95% | 8.40% | 8.85% | 7.45% |
| Income Tax Expense | 165.00M | 154.00M | 126.00M | -27.00M | 127.00M | -162.00M | -456.00M | -33.00M | 273.00M | 248.00M | 176.00M | 260.00M | 95.00M | -6.00M | -76.00M | 314.00M | 385.00M | 269.00M | 223.00M | 155.00M | 107.00M | 100.00M | 227.00M | 308.00M | 381.00M | 294.00M | 364.00M | 322.00M | 321.00M | 308.00M | 234.40M | 202.90M | 195.50M | 176.20M | 141.60M | 161.20M | 191.50M | 203.20M | 120.70M |
| Net Income | 921.00M | 861.00M | 746.00M | 309.00M | 815.00M | 1.22B | 307.00M | 962.00M | 697.00M | 600.00M | 498.00M | 589.00M | 242.00M | 86.00M | -31.00M | 486.00M | 917.00M | 601.00M | 203.00M | 365.00M | 259.00M | -124.00M | 166.00M | 218.00M | 2.23B | 608.00M | 558.00M | 253.00M | 479.00M | 433.00M | 379.10M | -355.40M | 299.50M | 283.00M | 268.70M | 272.10M | 264.10M | 245.90M | 223.60M |
| Net Income Ratio | 6.73% | 6.69% | 6.02% | 2.65% | 5.98% | 8.75% | 2.16% | 6.98% | 5.19% | 4.32% | 4.11% | 4.81% | 2.15% | 0.82% | -0.30% | 3.41% | 6.93% | 5.23% | 2.02% | 3.56% | 2.63% | -1.16% | 1.35% | 1.67% | 19.22% | 6.28% | 5.29% | 2.73% | 4.80% | 4.47% | 4.18% | -4.26% | 3.82% | 3.57% | 4.18% | 3.73% | 4.90% | 4.90% | 5.54% |
| EPS | 4.61 | 4.05 | 3.33 | 1.35 | 3.52 | 4.88 | 1.17 | 3.56 | 2.55 | 2.17 | 1.77 | 2.17 | 0.87 | 0.31 | -0.12 | 1.97 | 3.67 | 2.35 | 0.76 | 1.33 | 0.96 | -0.45 | 0.59 | 0.76 | 1.91 | 1.37 | 1.69 | 0.76 | 1.38 | 1.20 | 0.85 | -1.01 | 0.69 | 0.80 | 0.76 | 0.78 | 0.83 | 0.75 | 0.75 |
| EPS Diluted | 4.56 | 4.01 | 3.29 | 1.35 | 3.50 | 4.83 | 1.14 | 3.53 | 2.50 | 2.13 | 1.75 | 2.00 | 0.79 | 0.28 | -0.12 | 1.94 | 3.60 | 2.31 | 0.75 | 1.31 | 0.95 | -0.44 | 0.58 | 0.75 | 1.91 | 1.37 | 1.65 | 0.74 | 1.38 | 1.20 | 0.83 | -1.01 | 0.68 | 0.80 | 0.76 | 0.78 | 0.82 | 0.75 | 0.75 |
| Weighted Avg Shares Out | 199.72M | 212.81M | 224.11M | 228.54M | 231.32M | 250.20M | 261.50M | 270.29M | 274.23M | 276.60M | 282.10M | 271.30M | 278.90M | 274.45M | 262.92M | 246.21M | 249.79M | 255.10M | 267.06M | 274.67M | 271.75M | 277.49M | 282.10M | 287.85M | 302.01M | 325.82M | 329.59M | 333.77M | 347.73M | 360.00M | 447.57M | 352.71M | 432.46M | 354.34M | 354.04M | 349.03M | 320.12M | 324.13M | 293.73M |
| Weighted Avg Shares Out (Dil) | 201.77M | 214.97M | 226.52M | 228.98M | 232.71M | 253.24M | 268.75M | 272.37M | 278.73M | 281.79M | 284.43M | 294.66M | 307.26M | 302.56M | 262.92M | 250.34M | 254.83M | 260.44M | 272.89M | 280.34M | 274.43M | 280.50M | 285.87M | 292.30M | 309.16M | 334.33M | 338.60M | 342.86M | 347.73M | 362.71M | 455.66M | 352.71M | 438.82M | 354.34M | 354.04M | 349.03M | 322.07M | 324.13M | 293.73M |
Textron (TXT) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Textron (TXT) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Textron Posts Lower-than-Expected Q3 Earnings, Lowers '24 EPS View
TXT's third-quarter revenues miss the Zacks Consensus Estimate by 2.3%. Revenues, however, improve 2.7% year over year.
Textron Inc. (TXT) Q3 2024 Earnings Call Transcript
Textron Inc. (NYSE:TXT ) Q3 2024 Earnings Conference Call October 24, 2024 8:00 AM ET Company Participants David Rosenberg - Vice President, Investor Relations Scott Donnelly - Chairman & Chief Executive Officer Frank Connor - Chief Financial Officer Conference Call...
Textron (TXT) Q3 Earnings and Revenues Lag Estimates
Textron (TXT) came out with quarterly earnings of $1.40 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.49 per share a year ago.
Textron Reports Third Quarter 2024 Results
PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) today reported third quarter 2024 income from continuing operations of $1.18 per share, as compared to $1.35 per share in the third quarter of 2023. Adjusted income from continuing operations, a non-GAAP measure that...
Textron Declares Quarterly Dividend
PROVIDENCE, R.I.--(BUSINESS WIRE)--The Board of Directors of Textron Inc. (NYSE:TXT) today declared a quarterly dividend of $0.02 per share on the company's Common Stock. All dividends will be paid on January 1, 2025 to holders of record at the close...
Cessna Citation Ascend continues to progress through certification program, will deliver with latest update of Garmin G5000 avionics suite
LAS VEGAS--(BUSINESS WIRE)--Textron Aviation today announced the Cessna Citation Ascend continues to progress through its certification program and will be equipped with the latest enhancements to the Garmin G5000 avionics suite. This flight deck will provide pilots with significant technological...
Are Restructuring Charges Likely to Hurt Textron's Q3 Results?
TXT's Q3 results are likely to benefit from the company's solid sales performance in most of its business segments. Yet, charges related to the restructuring plan are likely to have hurt earnings.
Textron Aviation Selects Gogo Galileo HDX for Factory Installation on Cessna Citation Longitude, Latitude and Ascend
Textron Aviation is the First Business Aviation OEM to Announce Production Use of Gogo Galileo HDX LAS VEGAS , Oct. 22, 2024 /PRNewswire/ -- (NBAA-BACE, booth 1601) – Gogo Business Aviation (NASDAQ: GOGO) today announced that Textron Aviation will install Gogo's...
Cessna Citation CJ4 Gen3 Prototype Aircraft Takes Flight, Propelling the Program Into Advanced Testing
LAS VEGAS--(BUSINESS WIRE)--Textron Aviation today announced that its Cessna Citation CJ4 Gen3 prototype aircraft took to the skies for the first time in early October. The announcement of this milestone flight follows the company's unveiling today of three new Gen3...
Source: https://incomestatements.info
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