TXT Earnings Prediction
The chart below shows how TXT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TXT sees a -0.95% change in stock price 10 days leading up to the earnings, and a +2.03% change 10 days following the report. On the earnings day itself, the stock moves by +0.61%. This data can give you a slight idea of what to expect for the next quarter's release.
TXT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.43B
2.51%
-2.84%
Gross Margin
14.36%
-14.88%
-13.86%
Operating Margin
6.13%
-21.51%
-26.67%
Net Margin
6.51%
-19.13%
-11.67%
EPS
1.18
-12.59%
-12.59%
No Data Available
TXT Earnings Analysis
Textron Inc Corporation (TXT.N) Earnings Conference Call
Positive
Revenue Increase Q3 2024: Revenues in Q3 2024 were $3.4 billion, an increase from $3.3 billion in Q3 2023, indicating a positive growth trajectory.
Jet Production Increase: Aviation delivered 41 jets in Q3 2024, up from 39 jets in Q3 2023, showcasing an increase in production despite recent challenges.
Aftermarket Revenue Growth: Aftermarket revenues grew by 5% in Q3 2024 compared to Q3 2023, with year-to-date aftermarket revenues up 8%, reflecting strong customer demand.
Revenue and Profit Growth: Bell's revenues reached $929 million, up $175 million from the previous year, with segment profit increasing by $21 million to $98 million, demonstrating robust performance in the military and commercial sectors.
Share Repurchase and Value Enhancement: Textron repurchased approximately 2.4 million shares in Q3 2024, returning $215 million in cash to shareholders, contributing to shareholder value enhancement.
Negative
Profitability Decline per Share: Adjusted income from continuing operations decreased to $1.40 per share, down from $1.49 per share in Q3 of 2023, indicating a decline in profitability.
Manufacturing Cash Flow Decline: Manufacturing cash flow before pension contributions fell to $147 million, down from $205 million in Q3 of 2023, reflecting reduced operational efficiency.
Revenue and Profit Decline: Textron Aviation's revenues were impacted by a $50 million decline due to delayed aircraft deliveries and a $30 million drop in segment profit, primarily from lower volume and mix.
Industrial Segment Revenue Decline: Industrial segment revenues decreased by $82 million compared to last year's Q3, driven by lower volume and mix, resulting in a segment profit decline of $19 million.
Earnings Per Share Revision: The full year adjusted earnings per share outlook was revised down to a range of $5.40 to $5.60, a significant reduction from the previous estimate of $6.20 to $6.40 per share.
TXT FAQs
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TXT Earning Call Sentiment
Earnings call transcript: Textron's Q3 2024 earnings miss estimates
TXT.N
-1.62%Positive
The earnings call summary indicates a decrease in EPS and cash flow guidance, lower manufacturing cash flow, and a revenue drop due to a strike. Despite some positive developments, like backlog growth and share repurchases, the Q&A reveals concerns about production ramp-up, supply chain issues, and unclear guidance. The overall sentiment is negative due to lowered financial guidance and operational challenges, likely leading to a stock price decline of 2% to 8%.
