TextronNYSE: TXT

Textron Inc. (NYSE:TXT) will hold its Q3 2024 Earnings Conference Call on October 24, 2024, at 8:00 AM ET. The call will feature company representatives, including David Rosenberg, Scott Donnelly, and Frank Connor, along with analysts from various financial institutions. Participants are currently in listen-only mode.

Textron (TXT) reported quarterly earnings of $1.40 per share, which is lower than the Zacks Consensus Estimate of $1.46 per share. This is also a decrease from the earnings of $1.49 per share from the same period last year.

PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) announced that its income from continuing operations for the third quarter of 2024 was $1.18 per share, down from $1.35 per share in the same period last year. The adjusted income from continuing operations, which is a non-GAAP measure, was $1.40 per share in the third quarter of 2024, compared to $1.49 per share in the third quarter of 2023. "In the third quarter, Textron Aviation experienced..."

While the revenue and earnings per share (EPS) for Textron (TXT) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc.'s Board of Directors has announced a quarterly dividend of $0.02 per share for its Common Stock. This dividend will be paid on January 1, 2025, to those who are on record as shareholders by the end of business on December 13, 2024. Textron Inc. is a diverse company that uses its worldwide network in aircraft, defense, industrial, and finance sectors to offer creative solutions and services to its customers.

Textron Aviation has become the first business aviation manufacturer to offer Gogo's Gogo Galileo HDX as a factory option. This will be available for the Cessna Citation Longitude, Citation Latitude, and Citation Ascend jets. With this move, Textron Aviation provides its customers with a top-performing global connectivity solution.

LAS VEGAS--(BUSINESS WIRE)--Textron Aviation has revealed that Ryan Samples, a loyal customer of Cessna Citation, will be the first to receive the new Cessna Citation CJ4 Gen3 business jet. This announcement was made at the National Business Aviation Association - Business Aviation Convention & Exhibition (NBAA-BACE) in Las Vegas. Samples has signed a purchase agreement for the first CJ4 Gen3, which is anticipated to be in service by 2026.

TXT's division has won a contract worth $37.7 million from the U.S. Army to provide the Bell 412 EPX helicopter.

Textron's revenue in the second quarter increased by 3%, but it fell short of predictions, even though earnings per share exceeded expectations thanks to share buybacks, despite a drop in net income. The Aviation and Bell divisions performed well, but the decline in the Industrial segment greatly affected overall results, leading to worries about its effect on the company. There are large backlogs in Aviation, Bell, and Systems that could be beneficial, but issues with the supply chain and a possible strike could create challenges.