What guidance did Textron's management provide for the next earnings period?

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Did Textron beat or miss consensus estimates last quarter?

What is Textron's gross profit margin?

What were the key takeaways from Textron's earnings call?

What is the market's earnings forecast for Textron next quarter?

What does Textron do and what are its main business segments?

What is the revenue and EPS growth rate for Textron year over year?

- **Record 2025 Performance**: $14.8 billion revenue (+8% YoY), $6.10 EPS, and $969 million manufacturing cash flow.
- **MV-75 Program Acceleration**: $350M 2026 CapEx for LRIP readiness, with 2028 deliveries and 8%-9% segment margin.
- **Aviation Growth**: 9% 2026 revenue target ($6.5B) with 11%-12% margin, driven by 171 jet deliveries.
- **Defense Expansion**: Systems segment +7% YoY, leveraging $450M Ship-to-Shore awards and ATAC jamming contracts.
- **Cash Deployment**: $700-$800M 2026 cash flow for share buybacks and R&D, maintaining mid-BBB credit rating.

**【Management Opening Remarks】**
- Textron reported Q4 2025 revenue of $4.2 billion, up 16% YoY, with adjusted EPS of $1.73. Full-year 2025 revenue was $14.8 billion, up 8% YoY, with adjusted EPS of $6.10.
- **Aviation Segment**: Q4 revenue grew 36% YoY to $1.7 billion, driven by higher aircraft deliveries (171 jets vs. 151 in 2024) and aftermarket growth (+6%). Full-year backlog reached $7.7 billion.
- **Bell Segment**: Q4 revenue rose 11% YoY to $1.3 billion, with military revenue up 20% YoY due to MV-75 program acceleration. Full-year Bell revenue was $4.3 billion, up 20% YoY.
- **Systems Segment**: Q4 revenue increased 4% YoY to $323 million, supported by Ship-to-Shore Connector program awards totaling $450 million.
- **Industrial Segment**: Q4 revenue declined 5% YoY to $821 million, impacted by Powersports divestiture, but Kautex saw 5% growth in hybrid vehicle components.

**【CEO Commentary】**
- **2026 Outlook**: Projected revenue of $15.5 billion (+4.5% YoY) and adjusted EPS of $6.40-$6.60. Key initiatives include:
  - **MV-75 Acceleration**: $350 million in 2026 CapEx for LRIP readiness, with potential $60-$110 million catch-up adjustment upon contract award.
  - **Aviation Growth**: 9% revenue growth to $6.5 billion, targeting 11%-12% segment margin.
  - **Defense Expansion**: Systems segment to grow 7% YoY, leveraging ATAC airborne jamming contracts and land systems for Ukraine.
- **Strategic Priorities**: Execution discipline, capital allocation to high-return programs (e.g., MV-75, Denali), and supply chain resilience through vertical integration.

**【CFO Financial Commentary】**
- **2025 Financials**: GAAP net income of $42 million, with manufacturing cash flow of $969 million (+277% YoY). Full-year segment margins: Aviation 11.1%, Bell 8.4%, Systems 12.0%.
- **2026 Guidance**: Manufacturing cash flow of $700-$800 million, excluding $350 million MV-75-related CapEx. Key segment projections:
  - **Aviation**: $6.5 billion revenue (+9%), 11%-12% margin.
  - **Bell**: $4.4 billion revenue (+2%), 8%-9% margin (pre-LRIP adjustment).
  - **Systems**: $1.35 billion revenue (+7%), 12%-13% margin.
  - **Industrial**: $3.2 billion revenue (flat YoY), 4.5%-5.5% margin.

**【Q&A Highlights】**
- **MV-75 Program**: Army accelerated production by 2-3 years, with first LRIP aircraft deliveries in 2028. Program margin expected to remain positive despite catch-up adjustments.
- **Supply Chain Challenges**: Aviation and Bell facing engine component delays, but 2026 factory efficiency improvements expected to mitigate costs.
- **Industrial Segment**: Kautex expanding into pure electric vehicles with Pentatonic battery enclosures, while TFV introducing new utility vehicles.
- **Defense Budget Leverage**: Potential growth in hypersonic systems (Sentinel), Armed Reconnaissance Vehicle, and Marine Corps flight training programs.


Textron Inc. (TXT) Q4 2025 Earnings Call Transcript

- **Revenue Growth**: Q3 revenue up 5% YoY to $3.6 billion, driven by 10% growth in Aviation and 10% in Bell segments.
- **Leadership Transition**: Lisa Atherton to become CEO in January 2026, succeeding Scott Donnelly as Executive Chairman.
- **Defense Momentum**: MV-75 program exceeds 90% engineering milestone, with $1 billion in new Systems contracts.
- **Cash Flow & Buybacks**: Manufacturing cash flow up 89% YoY to $281 million; $635 million returned to shareholders via buybacks YTD.
- **Risks**: Supply chain constraints persist, particularly in Industrial segment (10% YoY decline).

**【Management Remarks】**
- Textron reported Q3 2025 revenue of $3.6 billion, up 5% YoY, with segment profit rising 26% to $357 million. Adjusted EPS was $1.55, up 11% YoY. Manufacturing cash flow before pension contributions was $281 million, up 89% YoY.

**【CEO Commentary】**
- **Leadership Transition**: Lisa Atherton will become CEO in January 2026, succeeding Scott Donnelly, who will transition to Executive Chairman. Atherton brings 18 years of experience, including leading Bell and Textron Systems.
- **Aviation Performance**: Q3 revenue grew 10% to $1.5 billion, driven by higher Citation jet and turboprop volumes. Backlog remains strong at $7.7 billion. Key milestones include CJ3 Gen2 certification and the Citation Ascend's FAA approval.
- **Defense Growth**: Bell's MV-75 program exceeded 90% engineering release milestone, with fabrication and assembly progressing across multiple sites. Systems secured $1 billion in new contracts, including U.S. Army mobile strike vehicles and Ship-to-Shore Connector awards.
- **Challenges**: Industrial segment revenue declined 10% due to Powersports divestiture, but eAviation segment loss narrowed to $15 million.

**【CFO Commentary】**
- **Segment Breakdown**: 
  - **Bell**: Revenues up 10% to $1 billion, driven by MV-75 military volume. Segment profit declined 6% due to higher costs.
  - **Systems**: Revenues up 2% to $307 million, with profit rising 25% to $52 million on contract gains.
  - **Industrial**: Revenues down 10% to $761 million, reflecting Powersports exit.
- **Financial Highlights**: Full-year adjusted EPS guidance maintained at $6-$6.20. Manufacturing cash flow target remains $900-$1 billion. Share buybacks totaled $635 million YTD.

**【Q&A Highlights】**
- **MV-75 Program**: Acceleration of LRIP 8 is low-risk, with 6 prototype aircraft in production. Program remains on track for first delivery in 2026.
- **Aviation Demand**: Strong aftermarket growth (5% YoY) reflects high fleet utilization. Biz jet market remains robust, with bookings steady despite long lead times.
- **Supply Chain**: Improvements in production efficiency, though critical suppliers still pose challenges. Management confident in hitting $6.1 billion revenue target.
- **Unmanned Systems Growth**: Systems' Aerosonde program sees renewed demand, with new opportunities in international markets. eAviation's Nuuva V300 unmanned cargo aircraft enters flight testing.
- **Portfolio Strategy**: No immediate plans for further divestitures, but open to evaluating new opportunities to enhance shareholder value.

Textron Inc. (TXT) Q3 2025 Earnings Call Transcript

- **Revenue Beat**: $3.7B (+5.4% YoY), driven by 28% Bell growth and Aviation recovery.
- **MV-75 Acceleration**: $200M+ FY26 EMD boost; LRIP pull-forward reduces production gap by 18 months.
- **Cash Flow Boost**: Full-year cash flow raised to $900-1B, offsetting 200bps tax rate increase.
- **eAviation Momentum**: Nuuva V300 flight tests continue; military applications show promise despite no commercial timeline.
- **Share Buybacks**: $429M year-to-date, supporting EPS despite higher tax rate.

**【CEO Summary Section】**
- **Revenue Growth**: Q2 2025 revenue of $3.7 billion (+5.4% YoY), driven by Aviation (+2.8%) and Bell (+28%).
- **Aviation Highlights**: 49 jets, 34 turboprops delivered; $7.85 billion backlog. New orders from Mexico (4 Citation jets) and South America (SkyCourier medical order).
- **Bell MV-75 Acceleration**: $222M revenue increase; 2 virtual prototypes delivered to Army. Discussions on EMD acceleration and LRIP pull-forward.
- **Systems Growth**: $354M contract for Ship-to-Shore Connectors; $300M from reconciliation bill. XM30 program milestone.
- **Industrial Recovery**: $839M revenue (-8.3% YoY) due to Powersports divestiture. Kautex wins EV battery housing contract.

**【CFO Financial Commentary】**
- **Earnings**: Adjusted EPS $1.55 (flat YoY). GAAP net income $420M, Non-GAAP EPS $1.08 (exceeds expectations).
- **Cash Flow**: Manufacturing cash flow $336M (+5% YoY). Full-year guidance raised to $900-1B.
- **Tax Impact**: Adjusted tax rate 20-21% due to One Big Beautiful Bill. Share buybacks offset tax rate increase.

**【Q&A Key Highlights】**
- **MV-75 Program**: EMD acceleration expected to add $200M+ in FY26. LRIP pull-forward could reduce 18-month gap between EMD and production.
- **Aviation Margins**: Q2 margin challenges due to warranty costs, but Q3/Q4 deliveries expected to improve margins.
- **Tariffs and Demand**: No material impact on demand; North American manufacturing base mitigates risks.
- **eAviation Progress**: Nuuva V300 flight tests continue; no commercial certification timeline, but military interest growing.
- **Tax Bill Benefits**: $100M+ annual cash flow boost from Section 174 expensing, offsetting 200-300bps tax rate increase.


Textron Inc. (TXT) Q2 2025 Earnings Call Transcript

- **5% Revenue Growth**: Led by Bell's 35% surge and strong Aviation aftermarket.
- **$90M Bell Profit**: Driven by FLRAA volume and commercial deliveries up 61%.
- **13.5% Systems Margin**: Offset shadow program loss with cost savings and Ship-to-Shore Connector growth.
- **$6-6.20 EPS Guidance**: Supported by Bell's military expansion and Aviation production recovery.
- **Electric UAV Milestone**: Nova V-300 hover flight marks progress in hybrid-electric tech.

**【CEO Business Overview】**
- **Revenue Growth**: Total revenue of $3.3 billion, up 5% YoY, driven by Bell's 35% increase and strong aftermarket demand in Aviation.
- **Bell Performance**: Military revenues rose $154 million due to FLRAA program volume, while commercial deliveries increased to 29 helicopters (vs. 18 last year). Received $500M+ in new CMV-22 and 407GXi orders.
- **Aviation Recovery**: Post-strike production ramping up, with 31 jets and 30 props delivered. Nova V-300 hybrid-electric UAV completed first hover flight.
- **Systems Resilience**: Segment profit margin improved 110bps to 13.5%, despite shadow program cancellation. Received $100M Navy contract for unmanned mine sweeping.
- **Industrial Restructuring**: Sold Arctic powersports business, reducing Q2+ revenue but offsetting costs through restructuring savings.

**【CFO Financial Details】**
- **Profitability**: Adjusted EPS of $1.28 vs. $1.20 YoY. Bell segment profit up 11% to $90M, offsetting Aviation margin decline.
- **Cash Flow**: Manufacturing cash use of $158M (vs. $81M YoY) due to Aviation inventory build. Shares repurchased: 2.9M ($215M).
- **Guidance**: Full-year EPS $6-6.20, manufacturing cash flow $800-900M. Tax rate 18% for FY25.

**【Q&A Highlights】**
- **Tariff Impact**: Minimal effect due to USMCA compliance and localized production. Caltex exposed to tariffs but volumes de minimis.
- **FLRAA Growth**: Expect 20%+ YoY growth, with margins in line with guidance. Critical design reviews planned for subsystems.
- **Industrial Outlook**: Powersports sale reduces Q2+ revenue by ~$20M, but margin benefits from restructuring. eAviation loss narrowed to $17M.
- **Electric Aviation**: Nova V-300 testing advances; exploring hybrid-electric caravan conversions with partners.
- **M&A Strategy**: Actively evaluating accretive deals, particularly in software-driven defense tech with reasonable multiples.

Textron (TXT)-24 Apr 25-2025 Q1 Earnings call transcript

- **Revenue Recovery in 2025**: Projected $14.7B (+7% YoY) driven by Aviation deliveries ramping to 190 units and Bell FLRAA growth. 
- **Margin Improvement Path**: Aviation targeting 12-13% segment margin in 2025, up from Q4's 7.8% anomaly. Bell's 8.5-9.5% margin reflects commercial dilution. 
- **Cash Flow Outlook**: $800-900M manufacturing cash flow, back-end loaded with inventory build. 
- **Strategic Shifts**: Powersports review signals Industrial restructuring; eAviation R&D continues with $70M loss. 
- **Risks & Uncertainties**: Tariff impacts on Canadian operations, CR delays in military funding, and FARA program mix effects on margins.

**【CEO Summary Section】**
- **2024 Performance Overview**: Revenues of $3.6 billion in Q4, down 8% YoY, with segment profit at $283 million (-27% YoY). Full-year revenues rose 0.1% to $13.7 billion, but segment profit fell 9.5% to $1.2 billion. Adjusted EPS was $1.34 in Q4 (-16% YoY) and $5.48 annually (-2% YoY). Manufacturing cash flow was $306 million in Q4 (-21% YoY) and $692 million annually (-25% YoY). 
- **Aviation Challenges & Progress**: Q4 strike reduced deliveries, but post-strike improvements in parts flow and workforce stability support 2025 deliveries of ~190 aircraft (+26% YoY). Backlog rose to $7.8 billion (+9% QoQ). New orders include 26 King Air 260s and 10 Bell 525s. 
- **Bell Growth**: FARA program drove 13.7% YoY revenue growth. FLRAA option 2 awarded, with 2025 revenue guidance of $4 billion (8.5-9.5% margin). Commercial helicopter deliveries stable at 172 units. 
- **Systems Strength**: 13.5% segment profit margin in Q4, with wins on $960M ship-to-store connectors and $106M mine sweeping payloads. 2025 low-single-digit revenue growth expected. 
- **Industrial Weakness**: Powersports review and Kautex automotive volume declines led to Q4 revenue drop of 10%. 2025 Industrial revenue projected at $3.2 billion (-12% YoY). 
- **2025 Outlook**: $14.7 billion revenue (+7% YoY), EPS $6-6.20, and cash flow $800-900 million. eAviation R&D to continue with $45M revenue and $70M loss. 

**【CFO Financial Commentary】**
- **Segment Breakdown**: 
  - **Aviation**: Q4 revenue $1.3B (-15% YoY), profit $100M (-48% YoY) due to strike. Backlog $7.8B. 
  - **Bell**: Revenue $1.1B (+5% YoY), profit $110M (-7% YoY) from FLRAA mix. Backlog $7.5B. 
  - **Systems**: Revenue $311M (-1% YoY), profit $42M (+18% YoY). Backlog $2.6B. 
  - **Industrial**: Revenue $869M (-10% YoY), profit $48M (-16% YoY). 
  - **eAviation**: Loss $22M on $11M revenue. 
- **Special Charges**: $53M pretax charges for powersports review, including $38M inventory write-down. 
- **Cash Flow**: Q4 manufacturing cash flow $306M, annual $692M (-25% YoY). Share buybacks totaled $1.1B in 2024. 

**【Q&A Highlights】**
- **Aviation Margin Ramp**: Q4 7.8% margin anomaly due to strike. 2025 margin to improve sequentially, targeting 12-13% range. 
- **Bell Margin Pressure**: FLRAA and commercial deliveries dilute margins, but 8.5-9.5% guidance reflects stable operating profit. 
- **Cash Flow Timing**: 2025 cash flow back-end loaded, with inventory build for 2025 deliveries. 
- **Regulatory Risks**: Tariffs on Canadian operations could impact Bell commercial business, but resolution uncertain. 
- **R&D Stability**: 2025 R&D $500M, stable after FARA program wind-down. 
- **Political Impact**: Positive business sentiment from new administration, but no specific policy benefits cited.

Actual																	0.35	0.13	0.53	1.06	0.7	0.81	0.85	0.94	0.88	1	1.06	1.07	1.05	1.46	1.49	1.6	1.2	1.54	1.4	1.34	1.28	1.55	1.55	1.73
Forecast																	0.5223	-0.0758	0.3554	0.9115	0.468	0.6528	0.7758	0.9529	0.7313	0.8824	0.9293	1.0719	0.9941	1.2126	1.2928	1.5324	1.2193	1.4808	1.4911	1.2737	1.1369	1.4464	1.4558	1.7154
Surprise	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%	-32.99%	+271.50%	+49.13%	+16.29%	+49.57%	+24.08%	+9.56%	-1.35%	+20.33%	+13.33%	+14.06%	-0.18%	+5.62%	+20.40%	+15.25%	+4.41%	-1.58%	+4.00%	-6.11%	+5.21%	+12.59%	+7.16%	+6.47%	+0.85%

Actual	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	2.78B	2.47B	2.73B	3.67B	2.88B	3.19B	2.99B	3.32B	3.00B	3.15B	3.08B	3.64B	3.02B	3.42B	3.34B	3.89B	3.13B	3.53B	3.43B	3.61B	3.31B	3.72B	3.60B	4.17B
Forecast	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	3.09B	2.34B	2.80B	3.46B	2.73B	2.97B	3.14B	3.44B	2.97B	3.22B	3.23B	3.62B	3.11B	3.42B	3.48B	3.97B	3.29B	3.56B	3.50B	3.75B	3.25B	3.64B	3.70B	4.08B
Surprise	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%	-10.13%	+5.53%	-2.45%	+5.85%	+5.39%	+7.61%	-4.66%	-3.29%	+1.06%	-2.15%	-4.66%	+0.49%	-2.81%	+0.23%	-3.82%	-1.86%	-4.58%	-0.97%	-1.97%	-3.62%	+1.82%	+2.10%	-2.74%	+2.23%

TXT

TXT fundamentals

TXT Q4 2025 Earnings

Earnings Call

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TXT

TXT fundamentals

TXT Q4 2025 Earnings

Earnings Call

TXT Earnings Call Summary for Q4/20258:00 AM on Jan 28, 2026

TXT Earnings Call Summary for Q3/20258:00 AM on Oct 23, 2025

TXT Earnings Call Summary for Q2/20258:00 AM on Jul 24, 2025

TXT Earnings Call Summary for Q1/20258:00 AM on Apr 24, 2025

TXT Earnings Call Summary for Q4/20248:00 AM on Jan 22, 2025

You can ask Aime