Textron (NYSE: TXT) reported Q4 EPS of $1.15, $0.17 better than the analyst estimate of $0.98. Revenue for the quarter came in at $3.75 billion versus the consensus estimate of $4.01 billion.

• EPS from continuing operations of $1.02; adjusted EPS of $1.15
• Segment profit of $397 million up 10.3% from prior year
• Operating margin of 10.6%, up from 9.0% a year ago
• $400 million returned to shareholders through share repurchases
• 2019 full-year EPS outlook of $3.55 - $3.75

“We had strong execution in both the quarter and full year with significant margin improvements at Aviation, Bell, and Systems” said Textron Chairman and CEO Scott C. Donnelly. “We were also encouraged by the continued strength in new aircraft demand at Aviation.”

Donnelly continued, “Our outlook reflects the continued improvement in our operations to drive earnings growth and margin expansion. As we look to the future, we are investing for long-term growth to generate increases in shareholder value.”

GUIDANCE:

Textron sees FY2019 EPS of $3.55-$3.75, versus the consensus of $3.49. Textron sees FY2019 revenue of $14 billion, versus the consensus of $14.23 billion.

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