Textron Full Year 2024 Earnings: Misses Expectations

Textron (NYSE:TXT) Full Year 2024 Results

Key Financial Results

• 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).
• EPS: US$4.38 (down from US$4.62 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Textron Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 6.3%.

The primary driver behind last 12 months revenue was the Textron Aviation segment contributing a total revenue of US$5.28b (39% of total revenue). Notably, cost of sales worth US$11.2b amounted to 82% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$893.0m (54% of total expenses). Explore how TXT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Aerospace & Defense industry in the US.

Performance of the American Aerospace & Defense industry.

The company's shares are down 2.6% from a week ago.

Valuation

Our analysis of Textron based on 6 different valuation metrics shows it might be undervalued. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.