Textron Inc. (NYSE: TXT) has published its fourth-quarter 2024 financial results, showcasing earnings per share (EPS) of $0.76. While this marks a slight decrease from the same quarter in 2023, adjusted EPS of $1.34 offers insights into a more nuanced financial performance. Full-year 2024 adjusted EPS stood at $5.48, down from $5.59 in 2023. Noteworthy highlights include a full-year 2024 share repurchase amounting to $1.1 billion.
Textron also reported that its Aviation backlog closed at $7.8 billion in 2024, showing an increment of $676 million from the prior year. Looking ahead, Textron anticipates a higher revenue projection of approximately $14.7 billion for 2025.
In the realm of cash flow, Textron details that the net cash provided by operating activities for the manufacturing group hit $1.0 billion for the full year. Manufacturing cash flow before pension contributions recorded $692 million for the year, reflecting a decrease from the previous year.
Notably, Textron repatriated $232 million to shareholders through share repurchases in the fourth quarter, with a cumulative share repurchase totaling $1.1 billion for the entire year.
Looking forward to 2025, Textron foresees revenues climbing to around $14.7 billion, a positive upturn from $13.7 billion in 2024. The company projects full-year 2025 GAAP earnings per share from continuing operations to range between $5.19 to $5.39, with adjusted EPS predicted to be within the $6.00 to $6.20 range.
Donnelly concludes that Textron’s 2025 outlook reflects expectations of enhanced revenue and better margins. This positive projection is underpinned by a stabilized production line with improved productivity at Textron Aviation, promising growth across aerospace and defense businesses due to new product developments, and anticipated improved cost structures in the company’s Industrial segment.
Textron’s fourth quarter segment results across Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance provide a comprehensive glimpse into the company’s diversified operations across various sectors. The company has also initiated restructuring activities within its powersports product line to streamline operations.
Investors and stakeholders can delve further into Textron’s financial performance by accessing the complete report on their website or participating in the upcoming conference call scheduled for today to discuss these results.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Textron’s 8K filing here.
Textron Company Profile
Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The 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.
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