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While we believe this measure provides a focus on cash generated from manufacturing operations, before pension contributions, and may be used as an additional relevant measure of liquidity, it does not necessarily provide the amount available for discretionary expenditures since we have certain non-discretionary obligations that are not deducted from the measure.Segment profit of $26 million was down $2 million from last year, as unfavorable performance was largely offset by the impact of higher volume.Adjusted net income and adjusted diluted earnings per share both exclude Special charges, net of taxes. Textron Aviation: $5.2 billion ... Dow Falls Nearly 200 Points After China Retaliates By Ordering Shutdown Of Chengdu Consulate ... especially after Q1 2020 … Textron will host its conference call today, April 30, 2020 at 8:00 a.m. (Eastern) to discuss its results and outlook. These non-GAAP financial measures exclude certain significant items that may not be indicative of, or are unrelated to, results from our ongoing business operations. “We have taken measures to reduce cost and conserve cash, including temporary plant shutdowns and employee furloughs at many of our commercial businesses. The call will be available via webcast at www.textron.com or by direct dial at (844) 721-7241 in the U.S. or (409) 207-6955 outside of the U.S.; Access Code: 4252363. Our financial profile consists of ample liquidity and diversified revenue streams. We consider items recorded in Special charges such as enterprise-wide restructuring, certain asset impairment charges and acquisition-related restructuring, integration and transaction costs, to be of a non-recurring nature that is not indicative of ongoing operations.Necessary cookies are absolutely essential for the website to function properly. These cookies do not store any personal information.We supplement the reporting of our financial information determined under U.S. generally accepted accounting principles (GAAP) with certain non-GAAP financial measures. Revenues by Segment and Reconciliation of Segment Profit to Net Income (Dollars in millions, except per share amounts) (Unaudited) Three Months Ended. PROVIDENCE Jul 30, 2020 (Thomson StreetEvents) -- Edited Transcript of Textron Inc earnings conference call or presentation Thursday, July 30, 2020 at 12:00:00pm GMT
Textron reported $13.6 billion in Total Revenues for FY2019 across five operating segments.Led by MIT engineers and Wall Street analysts, Trefis (through its dashboards platform dashboards.trefis.com) helps you understand how a company's products, that you touch, read, or hear about everyday, impact its stock price. Trefis is currently used by hundreds of thousands of investors, company employees, and business professionals.Led by MIT engineers and Wall Street analysts, Trefis (through its dashboards platform dashboards.trefis.com) helps you understand how a company's products, that you

E-Z-Go makes the worlds best golf carts! REVENUES: MANUFACTURING: Textron Aviation $ 872 $ 1,134 Bell 823 739 Textron Systems 328 307 Industrial 740 912 2,763 3,092 FINANCE

Industrial also realized approximately $13 million of unfavorable performance in the first quarter due to manufacturing facility closures and employee furloughs resulting from the COVID-19 pandemic, that was mostly offset by other favorable performance.Finance segment revenues were down $3 million, and profit was down $3 million from last year’s first quarter. The decrease in Citation jet and turboprop volume reflected a decline in demand related to the pandemic, disruption in our composite manufacturing production due to a plant accident that occurred in December 2019, and delays in the acceptance of aircraft related to COVID-19 travel restrictions.Industrial revenues were $740 million, a decrease of $172 million from last year, primarily related to lower volume and mix in the Fuel Systems and Functional Components product line from manufacturing facility closures related to the COVID-19 pandemic that began in China in January and expanded to European and North American locations by the end of the quarter.Segment profit of $115 million was up $11 million, largely on higher military volume partially offset by the unfavorable impact of $8 million from performance and other. (Dollars in millions, except per share amounts)Revenues at Textron Aviation of $872 million were down $262 million in the first quarter of 2019, primarily due to lower volume and mix of $260 million, largely the result of lower Citation jet volume of $154 million and lower commercial turboprop volume of $99 million. This category only includes cookies that ensures basic functionalities and security features of the website. You can play with assumptions, or try scenarios, as-well-as ask questions to other users and experts. We believe that these non-GAAP measures may be useful for period-over-period comparisons of underlying business trends and our ongoing business performance, however, they should be used in conjunction with GAAP measures.

Take a better look at our personal, golf, utility and commercial golf carts. Privacy Policy; Terms & Conditions; Legal; CA Transparency in Supply Chains Act While the effects of COVID-19 on many of our end markets has been unfavorable, Bell and Textron Systems delivered higher revenue and strong margin performance for the quarter in their military businesses.”Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.