TXT - Textron Inc. (TXT) Q1 2024 Earnings Call Transcript
2024-04-25 10:18:14 ET
Textron Inc. (TXT)
Q1 2024 Earnings Conference Call
April 25, 2024 8:00 AM ET
Company Participants
David Rosenberg - Vice President, Investor Relations
Scott Donnelly - Chairman, President and Chief Executive Officer
Frank Connor - Executive Vice President and Chief Financial Officer
Conference Call Participants
David Strauss - Barclays
Robert Stallard - Vertical Research
Sheila Kahyaoglu - Jefferies
Myles Walton - Wolfe Research
Peter Arment - Baird
Cai von Rumohr - TD Cowen
Seth Seifman - JPMorgan
Noah Poponak - Goldman Sachs
Doug Harned - Bernstein
Jason Gursky - Citi Group
George Shapiro - Shapiro Research
Ron Epstein - Bank of America
Kristine Liwag - Morgan Stanley
Gavin Parsons - UBS
Presentation
Operator
Welcome to the Textron First Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] This conference is being recorded for digitized replay and will be available after 10 a.m. Eastern Time today through April 25 of 2025. You may access the replay by dialing (866) 207-1041 and enter the access code 8546032.
I would now like to turn the conference over to David Rosenberg, Vice President, Investor Relations. Please go ahead.
David Rosenberg
Thanks, Liah, and good morning, everyone. Before we begin, I'd like to mention we will be discussing future estimates and expectations during our call today. These forward-looking statements are subject to various risk factors, which are detailed in our SEC filings and also in today's press release.
On the call today, we have Scott Donnelly, Textron's Chairman and CEO; and Frank Connor, our Chief Financial Officer. Our earnings call presentation can be found in the investor relations section of our website.
Revenue in the quarter were $3.1 billion, up from $3 billion in last year's first quarter. Segment profit in the quarter was $290 million, up $31 million from the first quarter of 2023. During this year's first quarter, adjusted income from continuing operations was $1.20 per share, compared to $1.05 per share in last year's first quarter. Manufacturing cash flow before pension contributions reflected a use of cash of $81 million in the quarter, compared to $104 million of cash provided in last year's first quarter....
Textron Inc. (TXT) Q1 2024 Earnings Call Transcript