Textron (TXT) Tops Q2 EPS by 5c, Reaffirms Outlook

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Go back to Textron (TXT) Tops Q2 EPS by 5c, Reaffirms Outlook

Textron Reports Second Quarter 2017 Results; Reaffirms 2017 Financial Outlook

July 19, 2017 6:30 AM EDT

PROVIDENCE, R.I.--(BUSINESS WIRE)-- Textron Inc. (NYSE: TXT) today reported second quarter 2017 income from continuing operations of $0.57 per share or $0.60 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 $0.66 per share in the second quarter of 2016. During this years second quarter, the company recorded $13 million of pre-tax special charges ($0.03 per share, after-tax).

Revenues in the quarter were $3.6 billion, up 2.6 percent from the second quarter of 2016. Textron segment profit in the quarter was $295... More