Textron (TXT) Reports In-Line Q1 EPS; Guides In-Line
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Textron Reports First Quarter 2017 Results; Updates 2017 Financial Outlook for Arctic Cat Acquisition
April 19, 2017 6:30 AM EDTPROVIDENCE, R.I.--(BUSINESS WIRE)-- Textron Inc. (NYSE: TXT) today reported first quarter 2017 income from continuing operations of $0.37 per share or $0.46 per share of adjusted income from continuing operations, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, compared to $0.55 per share in the first quarter of 2016. During this years first quarter, the company recorded $37 million of pre-tax special charges ($0.09 per share, after-tax).
Revenues in the quarter were $3.1 billion, down 3.4 percent from the first quarter of 2016. Textron segment profit in the quarter was $219... More
