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Textron Inc (TXT.N)

TXT.N on New York Stock Exchange

59.28USD
23 Feb 2018
Change (% chg)

$-0.24 (-0.40%)
Prev Close
$59.52
Open
$59.58
Day's High
$59.71
Day's Low
$58.96
Volume
628,712
Avg. Vol
411,895
52-wk High
$62.12
52-wk Low
$45.01

Latest Key Developments (Source: Significant Developments)

Textron Says With Additional Restructuring, Total Special Charges For Q4 Estimated To Be $55 Mln
Saturday, 6 Jan 2018 

Jan 5 (Reuters) - Textron Inc ::TEXTRON SAYS DECIDED TO TAKE ADDITIONAL RESTRUCTURING ACTIONS BEYOND THOSE ALREADY INCLUDED IN CO'S PLAN ON AUGUST 30, 2016 - SEC FILING.TEXTRON SAYS WITH ADDITIONAL RESTRUCTURING, TOTAL SPECIAL CHARGES FOR Q4 ESTIMATED TO BE $55 MILLION - SEC FILING.TEXTRON - NOW EXPECTS TO INCUR ADDITIONAL SPECIAL CHARGES OF ABOUT $45 MILLION RELATED TO 2016 RESTRUCTURING PLAN.TEXTRON - RESTRUCTURING ACTIONS INCLUDE FURTHER CONSOLIDATION OF OPERATING FACILITIES, PRODUCT LINES STREAMLINING WITHIN BELL, TEXTRON SYSTEMS & INDUSTRIAL SEGMENTS.TEXTRON SEES ADDITIONAL GAAP TAX EXPENSE IN Q4 OF $250 MILLION - $300 MILLION RELATED TO REVALUATION OF NET DTA, RELATED ITEMS.  Full Article

‍U.S. CPSC says Arctic Cat Recreational Off-Highway Vehicles Recalled Due to Fire Hazard
Friday, 17 Nov 2017 

Nov 16 (Reuters) - U.S. Consumer Product Safety Commission::‍U.S. CPSC says Arctic Cat recalled about 300 recreational off-highway vehicles & 3,000 winch accessory kits due to fire hazard​.‍U.S. CPSC says Arctic Cat received 49 reports of winch solenoid failure, with five resulting in fires; no injuries have been reported​.  Full Article

Arctic Cat's ROVs recalled due to fire hazard
Monday, 30 Oct 2017 

Oct 30 (Reuters) - U.S. CPSC:Arctic Cat recreational off-highway vehicles recalled by Textron specialized vehicles due to fire hazard.Recall involves about 14,100 model year 2014 through 2017 wildcat trail and 2015 through 2017 wildcat sport models of Arctic Cat ROVs​.‍U.S. CPSC says firm received 444 reports of plastic panels melting, with five resulting in fires; no injuries have been reported as part of recall​.  Full Article

Textron sets quarterly dividend of $0.02 per share
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Textron Inc ::‍Board of Directors declared a quarterly dividend of $0.02 per share on company's common stock​.  Full Article

Textron reports third quarter 2017 results updates full-year EPS range and raises cash flow guidance
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Textron Inc :Textron reports third quarter 2017 results; updates full-year EPS range and raises cash flow guidance.Q3 revenue $3.5 billion versus I/B/E/S view $3.55 billion.Q3 earnings per share $0.60 from continuing operations.Q3 adjusted Non-Gaap earnings per share $0.65 from continuing operations.Q3 earnings per share view $0.62 -- Thomson Reuters I/B/E/S.Textron Inc - ‍during this year's Q3, company recorded $25 million of pre-tax special charges ($0.05 per share, after-tax)​.Textron Inc - ‍expects full-year 2017 gaap earnings per share from continuing operations will be in range of $2.20 to $2.30​.Textron Inc - ‍Textron aviation backlog at end of Q3 was $1.2 billion, up $142 million from end of Q2​.Textron Inc - ‍expects full-year 2017 adjusted earnings per share from continuing operations will be $2.40 to $2.50​.Textron Inc - ‍bell backlog at end of Q3 was $5.0 billion, down $413 million from end of Q2​.Textron Inc - ‍increasing its expected full-year manufacturing cash flow before pension contributions by $150 million to a range of $800 to $900 million​.FY2017 earnings per share view $2.52 -- Thomson Reuters I/B/E/S.  Full Article

OneJet says ‍will add Cessna Citation CJ4 aircraft to fleet in Q1 2018​
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - OneJet::OneJet says ‍will add Cessna Citation CJ4 aircraft to fleet in Q1 of 2018​.  Full Article

Bell Helicopter says its Bell 505 Jet Ranger X receives FAA Certification
Thursday, 8 Jun 2017 

June 8 (Reuters) - Bell Helicopter: :Bell Helicopter says its Bell 505 Jet Ranger X has been certified by the Federal Aviation Administration.  Full Article

Textron Inc- on September 30, 2016, entered into a senior unsecured revolving credit facility-SEC filing
Tuesday, 4 Oct 2016 

Textron Inc : Textron Inc -On September 30, 2016, entered into a senior unsecured revolving credit facility . Textron Inc -Entered into a senior unsecured revolving credit facility in an aggregate principal amount of $1.0 billion- SEC filing .Textron Inc -Facility agreement expires in September 2021 and replaces $1.0 billion 5-year facility that was scheduled to expire in October 2018.  Full Article

Textron says board approved plan to restructure businesses
Wednesday, 31 Aug 2016 

Textron Inc : On August 30, board approved plan to restructure, realign businesses, implemented headcount reductions, facility consolidations - SEC filing . Restructuring plan principally impacts Textron systems and industrial segments . Anticipate overall plan to be substantially completed by March 2017 .Expect total pre-tax charges in range of $110 million to $140 million to be incurred under this plan, primarily in Q3 of 2016.  Full Article

Textron says end markets for commercial helicopter business remain very challenging - Conf Call
Friday, 22 Jul 2016 

Textron Inc : Expect better margin rates in the second half of the year for the aviation business - Conf Call . "end markets for the commercial helicopter business remain very challenging"- Conf Call . "pricing, by and large, is fairly stable in most of the models" - Conf Call Further company coverage: [TXT.N] ((Bengaluru Newsroom; +1 646 223 8780;)).  Full Article

Textron reports quarterly loss

Jan 31 Textron Inc on Wednesday reported a fourth-quarter loss, compared with a profit a year earlier, hurt by charges related to changes in U.S. tax laws.