Revenues at Textron Aviation were up 12% to $1.6 billion, due to higher volume and mix across the jet and commercial turboprop product lines, as well as favorable pricing. The unit delivered 63 jets, up from 58 last year, and 67 commercial turboprops, up from 45 last year.
Textron shares have dived 18% in the past one year.
CEO Scott C. Donnelly said, “We had strong execution in both the quarter and full year with significant margin improvements at Aviation, Bell, and Systems. We were also encouraged by the continued strength in new aircraft demand at Aviation.”
For 2019, Textron is forecasting revenues of about $14 billion, about flat with last year. Textron expects full-year 2019 EPS from continuing operations in the range of $3.55 to $3.75.