Textron (TXT) Misses Q4 EPS by 2c; Guides FY16 EPS Below Views

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Textron Reports Fourth Quarter 2015 Income from Continuing Operations of $0.81 per Share; Announces 2016 Financial Outlook

January 27, 2016 6:30 AM EST

PROVIDENCE, R.I.--(BUSINESS WIRE)-- Textron Inc. (NYSE: TXT) today reported fourth quarter 2015 income from continuing operations of $0.81 per share, up 6.6 percent from $0.76 per share in the fourth quarter of 2014.

Revenues in the quarter were $3.9 billion, down 4.2 percent compared to $4.1 billion in the fourth quarter of 2014. Textron segment profit in the quarter was $378 million, down $20 million from the fourth quarter of 2014. Fourth quarter manufacturing cash flow before pension contributions was $534 million compared to $449 million during last years fourth quarter.

We had good execution in the quarter with margin improvements at... More