Textron (TXT) Tops Q3 EPS by 3c; Raises Cash Flow Guidance

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Go back to Textron (TXT) Tops Q3 EPS by 3c; Raises Cash Flow Guidance

Textron Reports Third Quarter 2017 Results; Updates Full-Year EPS Range and Raises Cash Flow Guidance

October 19, 2017 6:30 AM EDT

PROVIDENCE, R.I.--(BUSINESS WIRE)-- Textron Inc. (NYSE: TXT) today reported third quarter 2017 income from continuing operations of $0.60 per share or $0.65 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 $1.10 per share or $0.61 per share (non-GAAP) of adjusted income from continuing operations in the third quarter of 2016. During this years third quarter, the company recorded $25 million of pre-tax special charges ($0.05 per share, after-tax).

Revenues in the quarter were $3.5 billion, up 7.2 percent from the third... More