TXT - Textron Non-GAAP EPS of $0.94 misses by $0.13 revenue of $3.63B beats by $30M initiates FY23 outlook
- Textron press release ( NYSE: TXT ): Q4 Non-GAAP EPS of $0.94 misses by $0.13 .
- Revenue of $3.63B (+9.3% Y/Y) beats by $30M .
- Full-year manufacturing net cash from continuing operating activities of $1.5 billion
- Aviation backlog of $6.4 billion at year-end 2022, up $2.3 billion from year-end 2021
- Outlook: Textron is forecasting 2023 revenues of approximately $14.0 billion, up from $12.9 billion vs consensus of $13.81B. Textron expects full-year 2023 GAAP earnings per share from continuing operations will be in the range of $4.40 to $4.60, or $5.00 to $5.20 on an adjusted basis vs consensus of $4.50
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Textron Non-GAAP EPS of $0.94 misses by $0.13, revenue of $3.63B beats by $30M, initiates FY23 outlook