Textron's unit, Textron Aviation, announces the delivery of its first multi-mission Beechcraft King Air 360CHW aircraft to the Peruvian Air Force.
TXT secures a $276.8 million contract for the production and delivery of 26 T-54A trainer aircraft and other support equipment.
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.
TXT's third-quarter revenues miss the Zacks Consensus Estimate by 2.3%. Revenues, however, improve 2.7% year over year.
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 Participants David Strauss - Barclays Sheila Kahyaoglu - Jefferies Robert Stallard - Vertical Research Peter Arment - Baird Noah Poponak - Goldman Sachs Myles Walton - Wolfe Research Seth Seifman - JPMorgan Doug Harned - Bernstein Jason Gursky - Citi Gavin Parsons - UBS Pete Skibitski - Alembic Operator Welcome to the Textron Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
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.
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.
Get a deeper insight into the potential performance of Textron (TXT) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Textron (TXT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
TXT's unit secures a $37.7 million contract from the U.S. Army to supply the Bell 412 EPX helicopter.
Textron's Q2 revenue grew by 3%, but missed estimates, while EPS beat expectations due to share repurchases, despite a decline in net income. Aviation and Bell segments showed strong performance, but the Industrial segment's decline significantly offset overall gains, raising concerns about its impact on the business. Significant backlogs in Aviation, Bell, and Systems present opportunities, but supply chain inefficiencies and a potential strike pose risks.
Investors interested in Aerospace - Defense stocks are likely familiar with Textron (TXT) and RTX (RTX). But which of these two stocks presents investors with the better value opportunity right now?