TXT - Textron Non-GAAP EPS of $1.46 beats by $0.26 revenue of $3.42B in-line
2023-07-27 06:31:58 ET
- Textron press release ( NYSE: TXT ): Q2 Non-GAAP EPS of $1.46 beats by $0.26 .
- Revenue of $3.42B (+8.6% Y/Y) in-line.
- Textron Aviation’s revenues were $1.4 billion, up $78 million from last year's second quarter, reflecting higher pricing of $95 million, partially offset by lower volume and mix.
- Textron Aviation delivered 44 jets in the quarter, down from 48 last year, and 37 commercial turboprops, up from 35 in last year's second quarter.
- Bell revenues in the quarter were $701 million, up $14 million from the second quarter of 2022, due to higher pricing of $21 million, partially offset by lower military volume of $7 million.
- Bell delivered 35 commercial helicopters in the quarter, up from 34 last year.
- Industrial revenues were $1.0 billion, up $155 million from last year's second quarter, largely due to higher volume and mix at both Kautex and Textron Specialized Vehicles of $121 million and a $37 million favorable impact from pricing.
- Full-year adjusted EPS outlook raised to $5.20 - $5.30
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Textron Non-GAAP EPS of $1.46 beats by $0.26, revenue of $3.42B in-line