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Actionable news in TXT: TEXTRON Inc,

Textron Inc.

Textron, Inc. reports financial results for the quarter ended June 30, 2017.We analyze the earnings along side the following peers of Textron, Inc. - General Dynamics Corporation, Lockheed Martin Corporation, Boeing Company, AeroVironment, Inc. and AAR CORP. (GD-US, LMT-US, BA-US, AVAV-US and AIR-US) that have also reported for this period.

  • Summary numbers: Revenues of USD 3604 million, Net Earnings of USD 153 million.
  • Gross margins narrowed from 17.72% to 17.04% compared to the same period last year, operating (EBITDA) margins now 10.63% from 11.91%.
  • Year-on-year change in operating cash flow of 286.55% is about the same as the change in earnings, likely no significant movement in accruals or reserves.
  • Narrowing of operating margins contributed to decline in earnings.

The table below shows the preliminary results and recent trends for key metrics such as revenues and net income growth:

2017-06-302017-03-312016-12-312016-09-302016-06-30
Revenues (mil)36043093382532513511
Revenue Growth (%YOY)2.6-3.4-2.52.28.1
Earnings (mil)153100215299178
Earnings Growth (%YOY)-14-33.8-4.469.95.3
Net Margin (%)4.23.25.69.25.1
EPS0.570.370.781.60.65
Return on Equity (%)2.71.83.85.53.5
Return on Assets (%)3.92.65.67.94.7

Access our Ratings and Scores for Textron, Inc.

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Spreadsheet

Spreadsheet

TXT-US's change in revenue this period compared to the same period last year of 2.65% is almost the same as its change in earnings, and is about average among the announced results thus far in its peer group, suggesting that TXT-US is holding onto its market share. Also, for comparison purposes, revenues changed by 16.52% and earnings by 53% compared to the immediate last period.Spreadsheet

GD-USGD-USBA-USBA-USAVAV-USAVAV-USAIR-USAIR-USLeaderLeaderEarnings FocusEarnings FocusLaggardLaggardRevenues FocusRevenues Focus

The company's year-on-year decline in earnings was influenced by a...


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