Textron — Oct 24, 2024 release

Manufacturing cash flow before pension contributions is now expected to be in a range of $650 million to $750 million, as compared to its previous outlook of $0.9 billion to $1.0 billion, with planned pension contributions of about $50 million. Third Quarter Segment Results Textron Aviation Delayed aircraft deliveries along with unfavorable performance from manufacturing inefficiencies associated with the labor disruption resulting from the IAM strike lowered Textron Aviation's third quarter revenues by approximately $50 million and segment profit by approximately $30 million. Textron Aviation’s revenues were $1.3 billion, essentially unchanged from last year's third quarter, with higher pricing of $36 million mostly offset by lower volume and mix of $35 million. Textron Aviation delivered 41 jets in the quarter, up from 39 in the third quarter of 2023, and 25 commercial turboprops, down from 38 in last year's third quarter. Segment profit was $128 million in the third quarter, down $32 million from a year ago, reflecting lower volume and mix of $29 million. Textron Aviation backlog at the end of the third quarter was $7.6 billion, up $162 million from the second quarter. Bell Bell revenues were $929 million, up $175 million from the third quarter of 2023, largely reflecting higher volume and mix of $148 million. Volume and mix included higher military volume of $81 million, primarily related to the FLRAA program, parti