Textron (TXT) Tops Q3 EPS by 18c, Revenues Miss

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Go back to Textron (TXT) Tops Q3 EPS by 18c, Revenues Miss

Textron Reports Third Quarter 2020 Results

October 29, 2020 6:30 AM EDT

Strong operating margins at Bell and Systems Recovery continues at Industrial and Aviation end-markets Manufacturing cash flow before pension contributions of $344 million, up 90% from prior year

PROVIDENCE, R.I.--(BUSINESS WIRE)-- Textron Inc. (NYSE: TXT) today reported third quarter 2020 net income of $0.50 per share, compared to $0.95 per share in the third quarter of 2019. Adjusted net income, a non-GAAP measure, was $0.53 per share for the third quarter of 2020. Adjusted net income excludes $7 million of pre-tax special charges ($0.03 per share, after-tax) related to the restructuring plan... More