Textron Inc (NYSE:TXT) shares are trading higher after the company reported fourth-quarter results.
Sales grew to $3.89 billion, missing the consensus of $3.95 billion, although adjusted EPS of $1.60 (+30% Y/Y) beat the consensus of $1.54.
Textron Aviation’s revenues stood at $1.5 billion, down $58 million Y/Y on lower volume and mix of $158 million. Textron Aviation’s backlog came in at $7.2 billion.
Bell revenues were $1.1 billion, up $255 million Y/Y, on higher commercial revenues of $171 million, mainly led by increased deliveries and higher military revenues of $84 million related to the FLRAA ...