Textron Inc. (0LF0.L)
- Reuters
Textron to cut 1,500 jobs as program cancellations, weak demand hit results
During the quarter, the U.S. Army ended the Future Attack Reconnaissance Aircraft scout helicopter and Shadow unmanned aircraft programs, developed at the Textron Systems and Bell divisions, the company said in a filing. Textron's industrial segment, which reported a 4.29% decline in quarterly revenue, also saw lower consumer demand for some products at the Specialized Vehicles business and reduced demand for fuel systems from European automotive manufacturers.
- GuruFocus.com
Textron Inc (TXT) Reports Q1 2024 Earnings: Mixed Results Against Analyst Expectations
Insights into Textron's Financial Performance and Strategic Moves
- Business Wire
Textron Reports First Quarter 2024 Results
PROVIDENCE, R.I., April 25, 2024--Textron Inc. (NYSE: TXT) today reported first quarter 2024 net income of $1.03 per share, as compared to $0.92 per share in the first quarter of 2023. Adjusted net income, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, was $1.20 per share for the first quarter of 2024, compared to $1.05 per share in the first quarter of 2023.
