Categories Earnings, LATEST, Technology

Textron Inc (TXT): Q4 2019 Earnings Snapshot

— Textron Inc (NYSE: TXT) reported fourth-quarter 2019 adjusted earnings of $1.11 per share, vs. $1.09 per share expected.

Textron Inc (TXT): Q4 2019 Earnings Snapshot

— Net profit, on an unadjusted basis, dropped to $199 million or $0.87 per share from $246 million or $1.02 per share in the fourth quarter of 2018

— Revenues grew 7.6% annually to $4.04 billion, vs. $3.95 billion expected

— During the quarter, new Citation Longitude entered service with 13 aircraft deliveries

— Expects full-year 2020 earnings to be in the range of $3.50 per share to $3.70 per share

— Looking for full-year revenues of $14 billion, up from $13.6 billion in the prior year

— Expects net cash provided by operating activities of continuing operations to be between $1.01 billion and $1.11 billion, for the manufacturing group

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

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