Textron (TXT) PT Lowered to $26 at Vertical Research Partners

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Go back to Textron (TXT) PT Lowered to $26 at Vertical Research Partners

Textron Reports First Quarter 2020 Results

April 30, 2020 6:30 AM EDT

Revenue down $332 million, or 10.7% from prior year largely due to COVID-19 impacts EPS of $0.22; adjusted EPS of $0.35, excluding first quarter special charges Strong liquidity position, Q1 2020 ending cash balance of $2.4 billion

PROVIDENCE, R.I.--(BUSINESS WIRE)-- Textron Inc. (NYSE: TXT) today reported first quarter 2020 net income of $0.22 per share, compared to $0.76 per share in the first quarter of 2019. Adjusted net income, a non-GAAP measure, was $0.35 per share for the first quarter of 2020, which excludes $39 million of pre-tax special charges ($0.13 per share, after-tax)... More