Textron Reports Second Quarter 2020 Results
Textron Inc. (TXT)
Last textron inc. earnings: 4/30 06:30 am
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US:NYSE Investor Relations:
investor.textron.com/investors/default.aspx
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Source: Business Wire
Cash flow from operations of $245 millionBell revenue up 7% from prior year, operating margin of 14.4%Textron Systems revenue up 6% from prior year, operating margin of 11.3%Restarted manufacturing operations at Aviation and Industrial segments PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) today reported second quarter 2020 net loss of $0.40 per share, compared to income of $0.93 per share in the second quarter of 2019. Adjusted net income, a non-GAAP measure, was $0.13 per share for the second quarter of 2020. Adjusted net income excludes $78 million of pre-tax special charges ($0.29 per share, after-tax) related to the restructuring plan announced in June and a non-cash inventory valuation charge of $55 million ($0.24 per share, after-tax) as we ceased manufacturing at our TRU Simulation + Training Montreal facility.“Our defense businesses performed extremely well with both revenue growth and strong operating performance in the quarter, while our commercial business
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TXT
Earnings
- 4/25/24 - Miss
TXT
Sec Filings
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- TXT's page on the SEC website