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Textron Inc (TXT.N)

TXT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Parker Aerospace Wins Cessna Denali Contract
Friday, 20 Jul 2018 

July 20 (Reuters) - Parker Aerospace::PRESS RELEASE PARKER AEROSPACE WINS CESSNA DENALI CONTRACT; TECHNOLOGY INNOVATIONS YIELD GREATER BLEED AIR CONTROL SYSTEM EFFICIENCY AND RELIABILITY.PARKER AEROSPACE SAYS ITS FLUID SYSTEMS DIVISION WAS AWARDED THE BLEED AIR CONTROL SYSTEM FOR TEXTRON AVIATION'S CESSNA DENALI TURBOPROP AIRCRAFT.  Full Article

Subaru Corp To Work With Bell Helicopter Textron To Manufacture 412EPX Helicopters - Nikkei
Wednesday, 18 Jul 2018 

July 19 (Reuters) - Nikkei::SUBARU CORP TO WORK WITH BELL HELICOPTER TEXTRON TO MANUFACTURE MULTIPURPOSE 412EPX HELICOPTERS, WITH PLANS TO SELL OVER 150 UNITS WORLDWIDE - NIKKEI.  Full Article

Textron Seeing Strength In Aviation Order Rate In International Markets - Conf Call
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Textron Inc ::TEXTRON SAYS NUMBER OF GROUND FLIGHT TEST CONDITIONS TO BE MET BY ITS NEW CITATION LONGITUDE HAS NEARLY DOUBLED; SAYS CERTIFICATION PROCESS IS TAKING LONGER THAN PLANNED - CONF CALL.TEXTRON SAYS BELL HAD AN EXTREMELY STRONG MARGIN RATE IN Q2, AND WOULDN'T EXPECT THAT TO SUSTAIN; SAYS CONTINUES TO EXPECT BELL BEING A 10-12 PERCENT BUSINESS OVER LONG TERM - CONF CALL.TEXTRON EXPECTS MARGINS IN ITS SYSTEMS BUSINESS TO BE LIGHTER IN THE SECOND HALF OF 2018 - CONF CALL.TEXTRON SAYS CONTINUES TO SEE IMPROVING ORDER FLOW ACROSS JET AND TURBOPROP PRODUCT LINES - CONF CALL.TEXTRON SAYS EXPECTS TO DELIVER THE FIRST CITATION LONGITUDE JET IN Q3, 2018 - CONF CALL.TEXTRON SAYS NOW SEEING MORE STRENGTH IN AVIATION ORDER RATE IN EUROPE, LATIN AMERICA AND SOME ASIAN ACTIVITY - CONF CALL.  Full Article

Textron Reports Q2 EPS Of $0.87 From Continuing Operations
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Textron Inc ::TEXTRON REPORTS SECOND QUARTER 2018 INCOME FROM CONTINUING OPERATIONS OF $0.87 PER SHARE; RAISES FULL-YEAR EPS AND CASH GUIDANCE.TEXTRON INC <<>> SEES FY 2018 SHR $3.15 TO $3.35 FROM CONTINUING OPERATIONS.TEXTRON INC <<>> Q2 SHR $0.87 FROM CONTINUING OPERATIONS.TEXTRON INC <<>> Q2 SHR VIEW $0.70 -- THOMSON REUTERS I/B/E/S.TEXTRON INC - RAISES FULL-YEAR EPS AND CASH GUIDANCE .TEXTRON INC - AVIATION BACKLOG AT END OF Q2 WAS $1.6 BLN.TEXTRON INC - FULL-YEAR 2018 CASH FLOW GUIDANCE INCREASED TO $750 - $850 MLN.TEXTRON INC - BELL BACKLOG AT END OF Q2 WAS $5.5 BLN.TEXTRON INC - EXPECTS ONE-TIME GAIN OF ABOUT $400 MLN FROM TOOLS & TEST DIVESTITURE IN Q3 NOT REFLECTED IN UPDATED OUTLOOK.TEXTRON INC <<>> FY2018 SHR VIEW $3.16 -- THOMSON REUTERS I/B/E/S.TEXTRON INC - QTRLY REVENUE $3.73 BLN VS $3.60 BLN .TEXTRON INC <<>> Q2 REV VIEW $3.53 BLN -- THOMSON REUTERS I/B/E/S.  Full Article

Carbures Signs Deal With Textron To Manufacture Composite Parts For Specialized Vehicles
Wednesday, 9 May 2018 

May 9 (Reuters) - Carbures ::SIGNS A CONTRACT WITH TEXTRON <<>> TO MANUFACTURE COMPOSITE PARTS FOR SPECIALIZED VEHICLES.  Full Article

Textron Reports Q1 EPS of $0.72 From Cont Ops
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Textron Inc ::TEXTRON REPORTS FIRST QUARTER 2018 INCOME FROM CONTINUING OPERATIONS OF $0.72 PER SHARE; SIGNS AGREEMENT TO SELL TOOLS & TEST BUSINESS FOR $810 MILLION.Q1 EARNINGS PER SHARE $0.72 FROM CONTINUING OPERATIONS.Q1 EARNINGS PER SHARE VIEW $0.48 -- THOMSON REUTERS I/B/E/S.Q1 TOTAL REVENUE $3.30 BILLION.Q1 REVENUE VIEW $3.09 BILLION -- THOMSON REUTERS I/B/E/S.REAFFIRMS FY 2018 EARNINGS PER SHARE VIEW $2.95 TO $3.15 FROM CONTINUING OPERATIONS.FY2018 EARNINGS PER SHARE VIEW $3.07 -- THOMSON REUTERS I/B/E/S.SAYS AUTHORIZED REPURCHASE OF UP TO 40 MILLION SHARES OF COMPANY'S COMMON STOCK.SAYS PROCEEDS FROM SALE OF TOOLS & TEST BUSINESS TO BE USED TO FUND ADDITIONAL SHARE REPURCHASES TO OFFSET EARNINGS IMPACT RELATED TO SALE.SAYS NEW SHARE REPURCHASE AUTHORIZATION REPLACES A PREVIOUS ONE, APPROVED IN JAN 2017, WHICH WAS NEARING COMPLETION.SAYS BELL BACKLOG AT END OF Q1 WAS $3.6 BILLION.SAYS TEXTRON AVIATION BACKLOG AT END OF Q1 WAS $1.6 BILLION.SEES 2018 CASH FLOW FROM CONTINUING OPERATIONS OF MANUFACTURING GROUP BEFORE PENSION CONTRIBUTIONS OF $700 TO $800 MILLION.SAYS 2018 GUIDANCE INCLUDES EXPECTED IMPACT OF TOOLS & TEST DIVESTITURE ON EPS AND CASH FLOW FROM CONTINUING OPERATIONS.SAYS INCLUDED IN BUSINESS SALE TO EMERSON ARE ALL TEXTRON TOOLS & TEST BUSINESSES AND BRANDS.  Full Article

Emerson To Acquire Tools Business From Textron
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Emerson Electric Co ::EMERSON TO ACQUIRE TOOLS AND TEST EQUIPMENT BUSINESS FROM TEXTRON TO CREATE LEADING PORTFOLIO FOR THE PRO.EMERSON ELECTRIC CO - EXPECTS ACQUISITION TO BE ACCRETIVE TO EARNINGS IN FISCAL 2019 AND IMMEDIATELY ACCRETIVE TO CASH FLOW.EMERSON ELECTRIC CO - EMERSON EXPECTS ACQUISITION TO BE ACCRETIVE TO EARNINGS IN FISCAL 2019 AND IMMEDIATELY ACCRETIVE TO CASH FLOW.EMERSON ELECTRIC CO - DEAL FOR $810 MILLION.  Full Article

Textron Says With Additional Restructuring, Total Special Charges For Q4 Estimated To Be $55 Mln
Friday, 5 Jan 2018 

Jan 5 (Reuters) - Textron Inc ::TEXTRON SAYS DECIDED TO TAKE ADDITIONAL RESTRUCTURING ACTIONS BEYOND THOSE ALREADY INCLUDED IN CO'S PLAN ON AUGUST 30, 2016 - SEC FILING.TEXTRON SAYS WITH ADDITIONAL RESTRUCTURING, TOTAL SPECIAL CHARGES FOR Q4 ESTIMATED TO BE $55 MILLION - SEC FILING.TEXTRON - NOW EXPECTS TO INCUR ADDITIONAL SPECIAL CHARGES OF ABOUT $45 MILLION RELATED TO 2016 RESTRUCTURING PLAN.TEXTRON - RESTRUCTURING ACTIONS INCLUDE FURTHER CONSOLIDATION OF OPERATING FACILITIES, PRODUCT LINES STREAMLINING WITHIN BELL, TEXTRON SYSTEMS & INDUSTRIAL SEGMENTS.TEXTRON SEES ADDITIONAL GAAP TAX EXPENSE IN Q4 OF $250 MILLION - $300 MILLION RELATED TO REVALUATION OF NET DTA, RELATED ITEMS.  Full Article

‍U.S. CPSC says Arctic Cat Recreational Off-Highway Vehicles Recalled Due to Fire Hazard
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - U.S. Consumer Product Safety Commission::‍U.S. CPSC says Arctic Cat recalled about 300 recreational off-highway vehicles & 3,000 winch accessory kits due to fire hazard​.‍U.S. CPSC says Arctic Cat received 49 reports of winch solenoid failure, with five resulting in fires; no injuries have been reported​.  Full Article

Arctic Cat's ROVs recalled due to fire hazard
Monday, 30 Oct 2017 

Oct 30 (Reuters) - U.S. CPSC:Arctic Cat recreational off-highway vehicles recalled by Textron specialized vehicles due to fire hazard.Recall involves about 14,100 model year 2014 through 2017 wildcat trail and 2015 through 2017 wildcat sport models of Arctic Cat ROVs​.‍U.S. CPSC says firm received 444 reports of plastic panels melting, with five resulting in fires; no injuries have been reported as part of recall​.  Full Article

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Textron, NetJets strike deal for up to 325 Cessna planes

ORLANDO, Fla. NetJets, the luxury plane unit of Warren Buffett's Berkshire Hathaway Inc , announced a deal on Monday to purchase up to 325 Cessna Citation business jets from Textron Inc's aviation unit, one of the biggest orders unveiled at a major jet show this week in Orlando, Florida.