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Textron Inc (TXT.N)

TXT.N on New York Stock Exchange

66.32USD
18 May 2018
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$0.08 (+0.12%)
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Latest Key Developments (Source: Significant Developments)

Carbures Signs Deal With Textron To Manufacture Composite Parts For Specialized Vehicles
Wednesday, 9 May 2018 

May 9 (Reuters) - Carbures ::SIGNS A CONTRACT WITH TEXTRON <<>> TO MANUFACTURE COMPOSITE PARTS FOR SPECIALIZED VEHICLES.  Full Article

Textron Reports Q1 EPS of $0.72 From Cont Ops
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Textron Inc ::TEXTRON REPORTS FIRST QUARTER 2018 INCOME FROM CONTINUING OPERATIONS OF $0.72 PER SHARE; SIGNS AGREEMENT TO SELL TOOLS & TEST BUSINESS FOR $810 MILLION.Q1 EARNINGS PER SHARE $0.72 FROM CONTINUING OPERATIONS.Q1 EARNINGS PER SHARE VIEW $0.48 -- THOMSON REUTERS I/B/E/S.Q1 TOTAL REVENUE $3.30 BILLION.Q1 REVENUE VIEW $3.09 BILLION -- THOMSON REUTERS I/B/E/S.REAFFIRMS FY 2018 EARNINGS PER SHARE VIEW $2.95 TO $3.15 FROM CONTINUING OPERATIONS.FY2018 EARNINGS PER SHARE VIEW $3.07 -- THOMSON REUTERS I/B/E/S.SAYS AUTHORIZED REPURCHASE OF UP TO 40 MILLION SHARES OF COMPANY'S COMMON STOCK.SAYS PROCEEDS FROM SALE OF TOOLS & TEST BUSINESS TO BE USED TO FUND ADDITIONAL SHARE REPURCHASES TO OFFSET EARNINGS IMPACT RELATED TO SALE.SAYS NEW SHARE REPURCHASE AUTHORIZATION REPLACES A PREVIOUS ONE, APPROVED IN JAN 2017, WHICH WAS NEARING COMPLETION.SAYS BELL BACKLOG AT END OF Q1 WAS $3.6 BILLION.SAYS TEXTRON AVIATION BACKLOG AT END OF Q1 WAS $1.6 BILLION.SEES 2018 CASH FLOW FROM CONTINUING OPERATIONS OF MANUFACTURING GROUP BEFORE PENSION CONTRIBUTIONS OF $700 TO $800 MILLION.SAYS 2018 GUIDANCE INCLUDES EXPECTED IMPACT OF TOOLS & TEST DIVESTITURE ON EPS AND CASH FLOW FROM CONTINUING OPERATIONS.SAYS INCLUDED IN BUSINESS SALE TO EMERSON ARE ALL TEXTRON TOOLS & TEST BUSINESSES AND BRANDS.  Full Article

Emerson To Acquire Tools Business From Textron
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Emerson Electric Co ::EMERSON TO ACQUIRE TOOLS AND TEST EQUIPMENT BUSINESS FROM TEXTRON TO CREATE LEADING PORTFOLIO FOR THE PRO.EMERSON ELECTRIC CO - EXPECTS ACQUISITION TO BE ACCRETIVE TO EARNINGS IN FISCAL 2019 AND IMMEDIATELY ACCRETIVE TO CASH FLOW.EMERSON ELECTRIC CO - EMERSON EXPECTS ACQUISITION TO BE ACCRETIVE TO EARNINGS IN FISCAL 2019 AND IMMEDIATELY ACCRETIVE TO CASH FLOW.EMERSON ELECTRIC CO - DEAL FOR $810 MILLION.  Full Article

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

U.S. State Dept approves possible sale to Bahrain of attack helicopters

WASHINGTON, April 27 The U.S. State Department has approved the possible sale to Bahrain of attack helicopters for an estimated cost of $911 million, a Pentagon agency said in a statement on Friday.