Declared Dividend • Aug 10
Second quarter dividend of US$0.02 announced Shareholders will receive a dividend of US$0.02. Ex-date: 11th September 2026 Payment date: 1st October 2026 Dividend yield will be 0.07%, which is lower than the industry average of 3.1%. Payout Ratios Payout ratio: 1%. Cash payout ratio: 2%. Announcement • Aug 04
Textron Declares Quarterly Dividend, Payable on October 1, 2026 Textron Inc. declared a quarterly dividend of $0.02 per share on the company’s Common Stock. All dividends will be paid on October 1, 2026 to holders of record at the close of business on September 11, 2026. New Risk • Aug 01
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: Mex$4.0m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Significant insider selling over the past 3 months (Mex$4.0m sold). Reported Earnings • Jul 30
Second quarter 2026 earnings released: EPS: US$1.43 (vs US$1.36 in 2Q 2025) Second quarter 2026 results: EPS: US$1.43 (up from US$1.36 in 2Q 2025). Revenue: US$3.83b (up 3.0% from 2Q 2025). Net income: US$248.0m (up 1.2% from 2Q 2025). Profit margin: 6.5% (down from 6.6% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Global Aerospace & Defense industry. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 10% per year. Announcement • Jul 28
Textron Inc. Reiterates Earnings Guidance for Full-Year 2026 Textron Inc. reiterated earnings guidance for full-year 2026. The company expected GAAP earnings per share from continuing operations to be in the range of $5.39 to $5.59, and Net Income of $940 million to $975 million. Announcement • Jul 01
Textron Inc. to Report Q2, 2026 Results on Jul 28, 2026 Textron Inc. announced that they will report Q2, 2026 results Pre-Market on Jul 28, 2026 Announcement • Jun 29
Textron Inc.(NYSE:TXT) dropped from Russell 1000 Dynamic Index Textron Inc.(NYSE:TXT) dropped from Russell 1000 Dynamic Index Announcement • May 03
Textron Inc. Announces Its Intent to Separate Its Industrial Segment from Core Aerospace and Defense Businesses Textron Inc. announced its intent to separate its Industrial segment from the Company’s core aerospace and defense businesses to enhance its strategic and operational focus and drive long-term value for stakeholders. Textron intends to explore multiple paths to effect the planned separation of its Industrial segment, including but not limited to a sale of the Industrial businesses or a tax-free separation into a standalone, publicly traded company. The separation results in New Textron becoming a pure-play aerospace and defense company aligned to its core franchises of Textron Aviation, Bell, and Textron Systems. New Textron and Industrial operate in distinct markets with unique business opportunities and investment requirements. As separate companies, each is expected to benefit from: Enhanced agility and focus to better position for long-term success; Ability to tailor capital allocation strategies aligned with each company’s growth profile, product development activities, and larger industry dynamics; Increased strategic flexibility to pursue organic and inorganic growth opportunities; Compelling investment profiles appealing to different investor bases; and Distinct management teams comprised of experienced industry leaders with relevant expertise and track records of value creation. Following the planned separation, New Textron, with over $12 billion in expected 2026 revenues and $19 billion in backlog, will be a premier pure-play aerospace and defense company with world-class engineering capabilities, a long track record of innovation, and proven manufacturing and support operations. The Company will be anchored by its core franchises: in general aviation under the Cessna and Beechcraft brands and in military and commercial rotorcraft under the Bell brand, in addition to Textron Systems’ differentiated suite of aerospace and defense products and services. New Textron expects a successful separation to increase its revenue growth profile and operating margins. The Company remains committed to maintaining a strong balance sheet and consistent capital allocation priorities, including investments in research and development and capital expenditures. Industrial, with over $3 billion in expected 2026 revenues, is composed of Kautex – a leader in plastic fuel systems, battery enclosures, and clear-vision systems for the automotive industry – and Textron Specialized Vehicles, a manufacturer of specialized vehicles and equipment with globally recognized brands such as E-Z-GO, PACE Technologies, Jacobsen, and TUG Technologies. The Company is targeting completion of the separation within 12 to 18 months, subject to the satisfaction of certain conditions customary for such a proposed separation, including receipt of any required regulatory approvals and final approval of the Company’s Board of Directors. There can be no assurance regarding the ultimate timing or structure of the proposed separation or that a transaction will be completed. As the Company pursues this separation, Textron will continue to operate its Industrial businesses in alignment with its current strategy, including continued investments in growth, margin improvement, and innovation. Announcement • Apr 30
Textron Inc. announces Quarterly dividend, payable on July 01, 2026 Textron Inc. announced Quarterly dividend of USD 0.0200 per share payable on July 01, 2026, ex-date on June 12, 2026 and record date on June 12, 2026. Announcement • Mar 30
Textron Inc. to Report Q1, 2026 Results on Apr 30, 2026 Textron Inc. announced that they will report Q1, 2026 results Pre-Market on Apr 30, 2026 Announcement • Mar 07
Textron Inc., Annual General Meeting, Apr 29, 2026 Textron Inc., Annual General Meeting, Apr 29, 2026. Announcement • Feb 25
Textron Inc. Declares Quarterly Dividend, Payable on April 1, 2026 Textron Inc. declared a quarterly dividend of $0.02 per share on the company’s Common Stock. All dividends will be paid on April 1, 2026 to holders of record at the close of business on March 13, 2026. Announcement • Feb 02
Textron Inc. Elects Cristina Méndez to Board of Directors, Audit Committee and Nominating and Corporate Governance Committee, Effective February 15, 2026 Textron Inc. announced that Cristina Méndez has been elected to the company's Board of Directors, effective February 15, 2026. Méndez is Executive Vice President and Chief Financial Officer of Otis Worldwide Corporation, the world’s leading elevator and escalator manufacturing, installation and service company, with $14 billion in net sales in 2024 and customers in over 200 countries. Prior to her role as CFO of Otis, to which she was appointed in 2024, Ms. Méndez served as Senior Vice President, Finance & Transformation for Otis’ EMEA (Europe, the Middle East and Africa) region, which is comprised of more than 40 countries, a role she began in 2022. At Otis, Méndez oversees a wide range of functions, including Investor Relations, Financial Planning and Analysis, Internal Audit, Tax, Treasury and Corporate Real Estate. Before joining Otis, she served as a senior finance executive in the global telecommunications industry for over 15 years, most recently from 2017 to 2022 as Senior Vice President, Director FPA of Telefónica Deutschland, a publicly listed subsidiary of Telefónica Group, one of the world’s largest telecommunications companies, where she oversaw financial operations and strategic initiatives. From 2007 to 2017, she held various senior finance roles at Telefónica Group, with a focus on strategic and financial planning across the international operating business. Méndez holds a degree in Telecommunications Engineering from the Bilbao School of Engineering, UPV/EHU, in Spain. Ms. Mendez will serve on the Board’s Audit Committee and Nominating and Corporate Governance Committee. Textron’s Board has determined that Ms. Méndez is independent under the New York Stock Exchange’s listing standards, and qualifies as an “audit committee financial expert” as defined by Securities and Exchange Commission rules. Announcement • Jan 28
Textron Inc. Provides Earnings Guidance for the Year 2026 Textron Inc. provided earnings guidance for the year 2026. For the year, company expected revenues of approximately $15.5 billion, up from $14.8 billion in 2025. Textron expects full-year 2026 GAAP earnings per share from continuing operations will be in the range of $5.39 to $5.59. Announcement • Jan 07
Textron Inc. to Report Q4, 2025 Results on Jan 28, 2026 Textron Inc. announced that they will report Q4, 2025 results Pre-Market on Jan 28, 2026 Announcement • Nov 25
Textron Inc. Announces Executive Changes Textron Inc. announced Rob Scholl, has been named chief commercial officer of Bell to replace Danny Maldonado who, as previously announced, was appointed as Bell’s president and CEO, effective January 4, 2026. In joining Bell as chief commercial officer, Scholl brings more than 19 years of experience across Textron businesses. Since 2023, he has led Textron Specialized Vehicles and, prior to this role, built Textron eAviation as a business segment as president and CEO. At Textron Aviation, Scholl held a series of senior sales and marketing roles, including senior vice president, Global Sales & Flight Operations; vice president, Parts & Programs; and vice president, Marketing. Announcement • Oct 29
Textron Inc. Names Danny Maldonado as President & CEO of the Bell Segment, Effective January 4, 2026 Textron Inc. announced that Danny Maldonado has been named president & CEO of the Bell segment, effective January 4, 2026. Maldonado, currently Bell’s chief commercial officer (CCO), will succeed Lisa Atherton, who was recently appointed as president & CEO of Textron Inc., effective January 4, 2026. As CCO, Maldonado is responsible for Bell’s global commercial aircraft sales, aftermarket solutions, the Bell Training Academy and new product development. Prior to his role as CCO, Maldonado led Textron Financial Corp. as president & CEO for nine years and, prior to that, served as Bell’s executive vice president of sales and marketing. He joined Textron in 1990 and has held leadership roles encompassing sales, business development, customer support and finance at Textron. Announcement • Oct 22
Textron Declares Quarterly Dividend, Payable on January 1, 2026 The Board of Directors of Textron Inc. declared a quarterly dividend of $0.02 per share on the company’s Common Stock. All dividends will be paid on January 1, 2026 to holders of record at the close of business on December 12, 2025. Announcement • Oct 19
Textron Inc. announces Realignment of eAviation Segment into Existing Reporting Segments On October 16, 2025, Textron Inc.’s management approved a plan to eliminate Textron eAviation as a separate reporting segment by realigning Textron eAviation’s business activities within other Textron reporting segments, effective January 4, 2026, the beginning of Textron’s 2026 fiscal year. Under this realignment, a significant part of Textron eAviation, including Pipistrel, will become part of the Textron Aviation reporting segment to enable the business to more effectively leverage the development, manufacturing and sales expertise at Textron Aviation. Further, Textron eAviation’s manned and unmanned products for military applications and related research and development activities will be included in the results of the Textron Systems reporting segment, which is best suited to provide more direct access to the targeted customer base for these products. Finally, certain Textron eAviation research and development activities encompassing digital flight control and air vehicle management systems, which expect will benefit several of segments, will be reported within Corporate expenses. Textron Inc.’s ongoing reporting segments will be Textron Aviation, Bell, Industrial, Textron Systems and Finance. Textron Inc. will begin to report under the new segment reporting structure with the filing of its Quarterly Report on Form 10-Q for the first quarter of 2026. Prior year segment data will be recast to reflect the new presentation after the first quarter Form 10-Q is filed. As part of Fourth Quarter 2025 Earnings Call Presentation will provide certain 2025 recast information. Announcement • Sep 24
Textron Inc. to Report Q3, 2025 Results on Oct 23, 2025 Textron Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 23, 2025 Declared Dividend • Aug 12
Second quarter dividend of US$0.02 announced Shareholders will receive a dividend of US$0.02. Ex-date: 12th September 2025 Payment date: 1st October 2025 Dividend yield will be 0.08%, which is lower than the industry average of 3.1%. Payout Ratios Payout ratio: 2%. Cash payout ratio: 3%. Announcement • Jul 31
Textron Inc. Declares Quarterly Dividend, Payable on October 1, 2025 The Board of Directors of Textron Inc. declared a quarterly dividend of $0.02 per share on the company’s Common Stock. All dividends will be paid on October 1, 2025 to holders of record at the close of business on September 12, 2025. Announcement • Jul 24
Textron Inc. Reiterates Earnings Guidance for the Year 2025 Textron Inc. reiterated earnings guidance for the year 2025. The company expected Income from continuing operations - GAAP to be $955 million to $990 million, Diluted EPS to be $5.19 to $5.39. Announcement • Jun 24
Textron Inc. to Report Q2, 2025 Results on Jul 24, 2025 Textron Inc. announced that they will report Q2, 2025 results on Jul 24, 2025 Announcement • Apr 24
Textron Inc. Reiterats Earnings Guidance for the Year 2025 Textron Inc. reiterated earnings guidance for the year 2025. For the period, the company expects GAAP earnings per share from continuing operations to be in the range of $5.19 to $5.39, or $6.00 to $6.20 on an adjusted basis, which is reconciled to GAAP in an attachment to this release. Announcement • Apr 23
Textron Declares Quarterly Dividend, Payable on July 1, 2025 The Board of Directors of Textron Inc. has declared a quarterly dividend of $0.02 per share on the company’s Common Stock. All dividends will be paid on July 1, 2025 to holders of record at the close of business on June 13, 2025. Announcement • Mar 24
Textron Inc. to Report Q1, 2025 Results on Apr 24, 2025 Textron Inc. announced that they will report Q1, 2025 results on Apr 24, 2025 Announcement • Mar 05
Textron Inc., Annual General Meeting, Apr 23, 2025 Textron Inc., Annual General Meeting, Apr 23, 2025. Declared Dividend • Mar 03
Fourth quarter dividend of US$0.02 announced Shareholders will receive a dividend of US$0.02. Ex-date: 14th March 2025 Payment date: 1st April 2025 Dividend yield will be 0.08%, which is lower than the industry average of 3.1%. Payout Ratios Payout ratio: 2%. Cash payout ratio: 2%. Announcement • Mar 01
Textron Inc. Appoints Rob Mionis to Its Board of Directors, Audit Committee and Organization and Compensation Committee, Effective March 1, 2025 Textron Inc. announced that Rob Mionis has been elected to the company's Board of Directors, effective March 1, 2025. Mionis is the President and Chief Executive Officer of Celestica Inc. Mionis has served as Celestica’s CEO since 2015. Prior to his role at Celestica, Mionis was an Operating Partner/Senior Advisor in private equity at Pamplona Capital Management from 2013 to 2015 where he generated deal flow within the industrial/aerospace market and supported several companies across a range of industries, including industrial, aerospace, healthcare and automotive. From 2006 to 2013, he served as President and Chief Executive Officer of StandardAero. He previously held senior leadership roles at Honeywell, culminating in his position as the Vice President Integrated Supply Chain for Honeywell Aerospace. Mionis began his career at General Electric and holds a Bachelor of Science degree in electrical engineering from the University of Massachusetts Amherst. Mr. Mionis will serve on the Board’s Audit Committee and Organization and Compensation Committee. Announcement • Feb 27
Textron Inc. Declares Quarterly Dividend, Payable on April 1, 2025 The Board of Directors of Textron Inc. declared a quarterly dividend of $0.02 per share on the company’s Common Stock. All dividends will be paid on April 1, 2025 to holders of record at the close of business on March 14, 2025. Reported Earnings • Feb 08
Full year 2024 earnings released: EPS: US$4.38 (vs US$4.62 in FY 2023) Full year 2024 results: EPS: US$4.38 (down from US$4.62 in FY 2023). Revenue: US$13.7b (flat on FY 2023). Net income: US$825.0m (down 11% from FY 2023). Profit margin: 6.0% (down from 6.7% in FY 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Global Aerospace & Defense industry. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 23
Full year 2024 earnings released: EPS: US$4.34 (vs US$4.62 in FY 2023) Full year 2024 results: EPS: US$4.34 (down from US$4.62 in FY 2023). Revenue: US$13.7b (flat on FY 2023). Net income: US$825.0m (down 11% from FY 2023). Profit margin: 6.0% (down from 6.7% in FY 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Global Aerospace & Defense industry. Announcement • Jan 22
Textron Inc. Provides Earnings Guidance for the Year 2025 Textron Inc. provided earnings guidance for the year 2025. The company is forecasting 2025 revenues of approximately $14.7 billion, up from $13.7 billion in 2024. Textron expects full-year 2025 GAAP earnings per share from continuing operations will be in the range of $5.19 to $5.39. Income from continuing operations - GAAP of $955 million to $990 million. Announcement • Dec 20
Textron Inc. to Report Q4, 2024 Results on Jan 22, 2025 Textron Inc. announced that they will report Q4, 2024 results on Jan 22, 2025 Declared Dividend • Nov 20
Third quarter dividend of US$0.02 announced Shareholders will receive a dividend of US$0.02. Ex-date: 13th December 2024 Payment date: 1st January 2025 Dividend yield will be 0.07%, which is lower than the industry average of 3.1%. Payout Ratios Payout ratio: 2%. Cash payout ratio: 2%. Declared Dividend • Nov 07
Third quarter dividend of US$0.02 announced Shareholders will receive a dividend of US$0.02. Ex-date: 13th December 2024 Payment date: 1st January 2025 Dividend yield will be 0.06%, which is lower than the industry average of 3.1%. Payout Ratios Payout ratio: 2%. Cash payout ratio: 2%. Declared Dividend • Oct 27
Third quarter dividend of US$0.02 announced Shareholders will receive a dividend of US$0.02. Ex-date: 13th December 2024 Payment date: 1st January 2025 Dividend yield will be 0.07%, which is lower than the industry average of 3.1%. Payout Ratios Payout ratio: 2%. Cash payout ratio: 2%. Announcement • Oct 25
Textron Inc. Declares Quarterly Dividend, Payable on January 1, 2025 The Board of Directors of Textron Inc. declared a quarterly dividend of $0.02 per share on the company’s Common Stock. All dividends will be paid on January 1, 2025 to holders of record at the close of business on December 13, 2024. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: US$1.18 (vs US$1.36 in 3Q 2023) Third quarter 2024 results: EPS: US$1.18 (down from US$1.36 in 3Q 2023). Revenue: US$3.43b (up 2.5% from 3Q 2023). Net income: US$223.0m (down 17% from 3Q 2023). Profit margin: 6.5% (down from 8.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Global Aerospace & Defense industry. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Sep 26
Textron Inc. to Report Q3, 2024 Results on Oct 24, 2024 Textron Inc. announced that they will report Q3, 2024 results on Oct 24, 2024 Announcement • Jul 30
Textron Inc. Declares Quarterly Dividend, Payable on October 1, 2024 The Board of Directors of Textron Inc. declared a quarterly dividend of $0.02 per share on the company’s Common Stock. All dividends will be paid on October 1, 2024 to holders of record at the close of business on September 13, 2024. Reported Earnings • Jul 20
Second quarter 2024 earnings released: EPS: US$1.36 (vs US$1.31 in 2Q 2023) Second quarter 2024 results: EPS: US$1.36. Revenue: US$3.53b (up 3.0% from 2Q 2023). Net income: US$260.0m (down 1.1% from 2Q 2023). Profit margin: 7.4% (down from 7.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Global Aerospace & Defense industry. Announcement • Jun 27
Textron Inc. to Report Q2, 2024 Results on Jul 18, 2024 Textron Inc. announced that they will report Q2, 2024 results on Jul 18, 2024 Upcoming Dividend • Jun 07
Upcoming dividend of US$0.02 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 1.7% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Mexican dividend payers (6.5%). Lower than average of industry peers (1.4%). Recent Insider Transactions • May 19
Independent Director recently sold Mex$17m worth of stock On the 16th of May, Kathleen Bader sold around 12k shares on-market at roughly Mex$1,468 per share. This transaction amounted to 76% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$36m more than they bought in the last 12 months. Declared Dividend • May 16
First quarter dividend of US$0.02 announced Shareholders will receive a dividend of US$0.02. Ex-date: 14th June 2024 Payment date: 1st July 2024 Dividend yield will be 0.07%, which is lower than the industry average of 3.1%. Payout Ratios Payout ratio: 2%. Cash payout ratio: 2%. Declared Dividend • Apr 29
First quarter dividend of US$0.02 announced Shareholders will receive a dividend of US$0.02. Ex-date: 14th June 2024 Payment date: 1st July 2024 Dividend yield will be 0.07%, which is lower than the industry average of 3.1%. Payout Ratios Payout ratio: 2%. Cash payout ratio: 2%. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: US$1.03 (vs US$0.93 in 1Q 2023) First quarter 2024 results: EPS: US$1.03 (up from US$0.93 in 1Q 2023). Revenue: US$3.14b (up 3.7% from 1Q 2023). Net income: US$201.0m (up 5.2% from 1Q 2023). Profit margin: 6.4% (up from 6.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Global Aerospace & Defense industry. Announcement • Apr 24
Textron Inc. Declares Quarterly Dividend, Payable on July 1, 2024 The Board of Directors of Textron Inc. declared a quarterly dividend of $0.02 per share on the company’s Common Stock. All dividends will be paid on July 1, 2024 to holders of record at the close of business on June 14, 2024. Announcement • Mar 26
Textron Inc. to Report Q1, 2024 Results on Apr 25, 2024 Textron Inc. announced that they will report Q1, 2024 results on Apr 25, 2024 Announcement • Mar 08
Textron Inc., Annual General Meeting, Apr 24, 2024 Textron Inc., Annual General Meeting, Apr 24, 2024, at 11:00 Eastern Standard Time. Agenda: To elect the ten director nominees named in the proxy statement to hold office until the next annual shareholders’ meeting; to approve the proposed Textron Inc. 2024 Long-Term Incentive Plan; to approve Textron’s executive compensation on an advisory basis; to ratify the appointment by the Audit Committee of Ernst & Young LLP as Textron’s independent registered public accounting firm for 2024; to consider and act upon a shareholder proposal, set forth beginning on page 68 in the accompanying proxy statement, which is opposed by the Board of Directors; and to transact any other business as may properly come before the meeting or any adjournment or postponement of the meeting. Declared Dividend • Feb 26
Fourth quarter dividend of US$0.02 announced Shareholders will receive a dividend of US$0.02. Ex-date: 14th March 2024 Payment date: 1st April 2024 Dividend yield will be 0.07%, which is lower than the industry average of 3.1%. Payout Ratios Payout ratio: 2%. Cash payout ratio: 2%. Announcement • Feb 22
Textron Declares Quarterly Dividend, Payable on April 1, 2024 The Board of Directors of Textron Inc. declared a quarterly dividend of $0.02 per share on the company’s Common Stock. All dividends will be paid on April 1, 2024 to holders of record at the close of business on March 15, 2024. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: US$4.62 (vs US$4.05 in FY 2022) Full year 2023 results: EPS: US$4.62 (up from US$4.05 in FY 2022). Revenue: US$13.7b (up 6.3% from FY 2022). Net income: US$922.0m (up 7.0% from FY 2022). Profit margin: 6.7% (in line with FY 2022). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Global Aerospace & Defense industry. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jan 24
Textron Inc. Provides Earnings Guidance for the Full Year 2024 Textron Inc. provided earnings guidance for the full year 2024. For the year, the company is forecasting 2024 revenues of approximately $14.6 billion, up from $13.7 billion. The company expected full-year 2024 GAAP earnings per share from continuing operations will be in the range of $5.62 to $5.82. Announcement • Dec 23
Textron Inc. to Report Q4, 2023 Results on Jan 24, 2024 Textron Inc. announced that they will report Q4, 2023 results on Jan 24, 2024 Recent Insider Transactions • Nov 02
Independent Lead Director recently sold Mex$13m worth of stock On the 27th of October, Ronal Clark sold around 9k shares on-market at roughly Mex$1,355 per share. This transaction amounted to 67% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$19m more than they bought in the last 12 months. Announcement • Oct 26
Textron Inc. Declares Quarterly Dividend, Payable on January 1, 2024 The Board of Directors of Textron Inc. declared a quarterly dividend of $0.02 per share on the company’s Common Stock. All dividends will be paid on January 1, 2024 to holders of record at the close of business on December 15, 2023. Announcement • Oct 05
Textron Inc. to Report Q3, 2023 Results on Oct 26, 2023 Textron Inc. announced that they will report Q3, 2023 results on Oct 26, 2023 Announcement • Aug 11
Textron Aviation Defense Announces the Arrival of the Eighth Beechcraft T-6C Texan II Aircraft in Support of Tunisian Air Force Pilot Production Textron Aviation Defense announced the arrival of the eighth Beechcraft T-6C Texan II aircraft in support of Tunisian Air Force pilot production at No. 13 Squadron atfax Air Base in Tunisia. Textron Aviation Defense was previously awarded a Foreign Military Sales (FMS) contract for eight T-6C TexanII advanced military training aircraft, in-country field service and logistics support representatives, program management support, interim contractor support for the first year, training for pilots and maintenance professionals, spare engines, spare parts and aircraft support equipment. The Beechcraft T-6 C Texan II is designed and manufactured by Textron Aviation Defense LLC, a wholly owned subsidiary of Textron Aviation Inc., a Textron Inc. company. The Beechcraft T-6 Texan II is the world’s premier military flight trainer. To date, the global fleet of more than 1,000 Beechcraft T-6 Texan II aircraft has surpassed 5 million flight hours across 13 nations and two NATO flight schools. A vital asset, the T-6 empowers global pilot training across the North Atlantic Treaty Organization (NATO) Flight Training program in Canada, the Euro NATO Joint Jet Pilot Training Program (ENJJPT) at Sheppard AFB, Texas and the U.S. Air Force Aviation Leadership Program as well as the U.S. Air Force, Navy, Marine Corps, Army and Coast Guard, the Hellenic Air Force, the Argentine Air Force, the Israeli Air Force, the Royal Air Force, the Iraqi Air Force, the Royal Canadian Air Force, Mexican Navy, the Mexican Air Force, the Royal Moroccan Air Force, the Colombian Air Force, the Royal New Zealand Air Force, the Royal Thai Air Force and the Tunisian Air Force. Backed by more than 90 years of experience delivering more than 250,000 aircraft worldwide, the Beechcraft T-6 Texan II’s low acquisition, operating and sustainment costs enable global air forces to fast-track pilot production. With an installed base that more than quadruples its closest competitor, the family of Beechcraft T-6 Texan II aircraft has been the world’s number one Integrated Training System (ITS) for more than 20 years. The Beechcraft T-6 Texan II capitalizes on an active production line with an Manufacturing Readiness Level (MRL) rating of 10 as well as a proven supply chain and the affordability of 85% parts commonality with the Beechcraft AT-6E Wolverine. Announcement • Jul 25
Textron Inc. Declares A Quarterly Dividend, Payable on October 1, 2023 The Board of Directors of Textron Inc. declared a quarterly dividend of $0.02 per share on the company’s Common Stock. All dividends will be paid on October 1, 2023 to holders of record at the close of business on September 15, 2023. Announcement • Jun 24
Textron Reportedly Seeks Fuel Systems Unit Sale Textron Inc. (NYSE:TXT) has revived efforts it ended four years ago to sell a business that makes fuel tanks for cars and is worth in excess of $1 billion, according to people familiar with the matter. The fuel systems business faces headwinds as the car industry pivots from combustion to electric engines. Textron has been focusing on its aviation business, making investments such as the $238 million acquisition of electric aircraft maker Pipistrel in 2022. Textron has hired JPMorgan Chase & Co (JPM.N) to run a sale process for the unit, which is called Kautex, the sources said. It said in 2019 it had decided to keep Kautex after exploring a sale or a spin-off with advice from Goldman Sachs Group Inc. (GS.N). The sources cautioned that a deal is once again not certain and asked not to be identified because the matter is confidential. Textron and JPMorgan declined comment. Upcoming Dividend • Jun 01
Upcoming dividend of US$0.02 per share at 0.1% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 01 July 2023. Payout ratio is a comfortable 2.0% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Mexican dividend payers (6.7%). Lower than average of industry peers (1.8%). Reported Earnings • Jan 27
Full year 2022 earnings released: EPS: US$4.01 (vs US$3.33 in FY 2021) Full year 2022 results: EPS: US$4.01 (up from US$3.33 in FY 2021). Revenue: US$12.9b (up 3.8% from FY 2021). Net income: US$862.0m (up 15% from FY 2021). Profit margin: 6.7% (up from 6.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Global Aerospace & Defense industry. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 16% per year. Announcement • Jan 20
Textron Inc. Announces Executive Changes Textron Inc. announced that Lisa Atherton, the president & CEO of the Textron Systems segment, has been named to a new role as chief operating officer of the Bell segment. Tom Hammoor, who most recently led Textron Aviation Defense LLC, will succeed Atherton as president & CEO of the Textron Systems segment. Atherton joined Textron Defense Systems in 2007. In 2013, she transitioned to Bell and held a number of leadership positions within Military Programs, including executive vice president, Military Business. In 2017, she was named as president & CEO of Textron Systems. A graduate of the U.S. Air Force Academy, she later spent eight years at Air Combat Command’s Directorate of Requirements. Hammoor brings more than 38 years of leadership experience in the defense industry and military service to Textron Systems. Hammoor most recently served as the president & CEO of Textron Aviation Defense LLC from 2016 to 2022. Prior to joining Textron, Hammoor had a distinguished nearly 30-year career with General Electric, encompassing leadership roles in Quality, Manufacturing and Customer Service. He graduated from the U.S. Military Academy. His military career culminated in the 101st Airborne Division in which he served as scout/attack helicopter platoon leader. Announcement • Jan 06
Textron Inc. to Report Q4, 2022 Results on Jan 25, 2023 Textron Inc. announced that they will report Q4, 2022 results on Jan 25, 2023 Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$1.06 (vs US$0.83 in 3Q 2021) Third quarter 2022 results: EPS: US$1.06 (up from US$0.83 in 3Q 2021). Revenue: US$3.08b (up 2.9% from 3Q 2021). Net income: US$225.0m (up 22% from 3Q 2021). Profit margin: 7.3% (up from 6.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Global Aerospace & Defense industry. Upcoming Dividend • Sep 01
Upcoming dividend of US$0.02 per share Eligible shareholders must have bought the stock before 08 September 2022. Payment date: 01 October 2022. Payout ratio is a comfortable 2.2% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Mexican dividend payers (6.2%). Lower than average of industry peers (1.7%). Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: US$1.01 (vs US$0.81 in 2Q 2021) Second quarter 2022 results: EPS: US$1.01 (up from US$0.81 in 2Q 2021). Revenue: US$3.15b (down 1.2% from 2Q 2021). Net income: US$218.0m (up 19% from 2Q 2021). Profit margin: 6.9% (up from 5.8% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 12%, compared to a 18% growth forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 02
Upcoming dividend of US$0.02 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 01 July 2022. Payout ratio is a comfortable 2.3% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Mexican dividend payers (5.9%). Lower than average of industry peers (1.7%). Board Change • Feb 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Lionel Nowell was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS US$0.83 (vs US$0.50 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$2.99b (up 9.3% from 3Q 2020). Net income: US$185.0m (up 61% from 3Q 2020). Profit margin: 6.2% (up from 4.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 02
Upcoming dividend of US$0.02 per share Eligible shareholders must have bought the stock before 09 September 2021. Payment date: 01 October 2021. Trailing yield: 0.1%. Lower than top quartile of Mexican dividend payers (5.0%). Lower than average of industry peers (1.7%). Recent Insider Transactions • May 06
Independent Director recently sold Mex$14m worth of stock On the 30th of April, Kathleen Bader sold around 11k shares on-market at roughly Mex$1,292 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 24% share price gain to US$1,333, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 21x in the Aerospace & Defense industry globally. Total returns to shareholders of 4.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,196 per share. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improved over the past week After last week's 21% share price gain to US$1,125, the stock is trading at a trailing P/E ratio of 38.4x, up from the previous P/E ratio of 31.8x. This compares to an average P/E of 36x in the Aerospace & Defense industry. Total returns to shareholders over the past three years are 3.6%. Reported Earnings • Jan 29
Full year 2020 earnings released: EPS US$1.35 (vs US$3.52 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$11.7b (down 14% from FY 2019). Net income: US$309.0m (down 62% from FY 2019). Profit margin: 2.7% (down from 6.0% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year. Analyst Estimate Surprise Post Earnings • Jan 29
Revenue beats expectations Revenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 6.7%, compared to a 32% growth forecast for the Aerospace & Defense industry in Mexico. Valuation Update With 7 Day Price Move • Nov 12
Market bids up stock over the past week After last week's 23% share price gain to US$860, the stock is trading at a trailing P/E ratio of 35.2x, up from the previous P/E ratio of 28.5x. This compares to an average P/E of 28x in the Aerospace & Defense industry. Total return to shareholders over the past three years is a loss of 15%. Announcement • Nov 02
Textron Announces King Air 360 with A Revolutionary Auto-Thrust System, ThrustSense Textron has recently announced the King Air 360 with a revolutionary auto-thrust system, ThrustSense® that greatly reduces pilot workload by managing airspeed control in all phases of flight. One of the most significant features of this system is the revolutionary protection it offers in engine-out (loss of engine) situations. When only one engine is operating and as airspeed bleeds down to critically low levels, an aircraft faces catastrophic loss of directional control. Additionally, with the amount of power and torque output available in most turboprop engines, the likelihood of directional control challenges is even more pronounced, as the good engine is trying to make up for the complete power loss from the failed engine on the other side. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 2.6% at US$2.74b. Revenue is forecast to grow 3.3% over the next year, compared to a 10% growth forecast for the Aerospace & Defense industry in Mexico. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of US$272.0m, down 68% from the prior year. Total revenue was US$12.0b over the last 12 months, down 10% from the prior year. Announcement • Sep 30
Textron Inc. to Report Q3, 2020 Results on Oct 29, 2020 Textron Inc. announced that they will report Q3, 2020 results on Oct 29, 2020 
