Earnings Call: Textron Inc Announces Strong Q4 Growth and Promising 2024 Outlook
Key Takeaways
– Q4 revenues rose to $3.9 billion, with a segment profit of $384 million.
– Adjusted income from continuing operations was $1.60 per share for Q4.
– Full-year revenues reached $13.7 billion, with a total segment profit of $1.3 billion.
– Manufacturing cash flow before pension contributions was $380 million for the quarter.
– The year-end backlog increased significantly, driven by strong order flow in aviation.
– Textron’s 2024 outlook anticipates revenues of approximately $14.6 billion and adjusted EPS of $6.20 to $6.40.
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