Textron (TXT) Tops Q4 EPS by 7c; offers guidance

Textron (NYSE: TXT) reported Q4 EPS of $1.60, $0.07 better than the analyst estimate of $1.53. Revenue for the quarter came in at $3.89 billion versus the consensus estimate of $3.97 billion.

GUIDANCE:

Textron sees FY2024 EPS of $6.20-$6.40, versus the consensus of $5.53. Textron sees FY2024 revenue of $14.6 billion up from $13.7 billion in 2023, versus the consensus of $13.74 billion.

The company is estimating net cash provided by operating activities of the manufacturing group will be between $1.3 billion and $1.4 billion and manufacturing cash flow before pension contributions, a non-GAAP measure, will be between $900 million and $1.0 billion, with planned pension contributions of about $50 million.

For earnings history and earnings-related data on Textron (TXT) click here.

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