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Textron Inc (TXT.N)

TXT.N on New York Stock Exchange

56.75USD
19 Oct 2018
Change (% chg)

$-0.74 (-1.29%)
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Thu, Oct 18 2018

Textron blames Arctic Cat buy for profit miss, shares fall 11 percent

Textron Inc posted a lower-than-expected quarterly profit on Thursday due to lingering problems at its industrial products unit that houses its recently acquired Arctic Cat all-terrain vehicle business, sending its shares down 11 percent.

UPDATE 5-Textron blames Arctic Cat buy for profit miss, shares fall 11 pct

* Aviation business backlog rises to $1.8 bln (Updates with analyst comment)

Textron says Arctic Cat acquisition hurt third-quarter profit

Textron Inc is one year behind schedule on benefiting from the acquisition of all-terrain vehicles maker Arctic Cat, the company said on an earnings call on Thursday, blaming the unit's management for "unfavorable operating performance".

Textron says Arctic Cat acquisition hurt third-quarter profit

Oct 18 Textron Inc is one year behind schedule on benefiting from the acquisition of all-terrain vehicles maker Arctic Cat, the company said on an earnings call on Thursday, blaming the unit's management for "unfavorable operating performance".

Textron profit misses on lower aircraft sales

Oct 18 Textron Inc on Thursday reported a lower-than-expected quarterly profit, partly due to lower sales of its turboprop aircraft.

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.

UPDATE 1-Textron, NetJets strike deal for up to 325 Cessna planes

ORLANDO, Fla., Oct 15 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.

Textron, NetJets strike deal for more than 300 Cessna planes

ORLANDO, Fla., Oct 15 NetJets, the luxury plane unit of Warren Buffett's Berkshire Hathaway Inc, on Monday announced a deal 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.

Textron shares slip on order book concerns after profit beats view

Textron Inc reported a higher-than-expected quarterly profit and raised its 2018 forecast on Wednesday, but its shares fell 5 percent as investors focused on the relative strength of its aviation business order book.

UPDATE 2-Textron shares slip on order book concerns after profit beats view

* Cuts 2018 effective tax rate forecast to 19.5 pct from 22.5 pct

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