What is Textron's gross profit margin?

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

What factors drove the changes in Textron's revenue and profit?

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

Did Textron beat or miss consensus estimates last quarter?

What is Textron's latest dividend and current dividend yield?

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

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

- **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.

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