Textron — Jan 22, 2025 release

justed EPS of $1.34 • Full-year adjusted EPS of $5.48 • Full-year share repurchases of $1.1 billion • Aviation backlog of $7.8 billion at year-end 2024, up $676 million from year-end 2023 • 2025 full-year EPS outlook of $5.19 to $5.39, full year adjusted EPS outlook of $6.00 to $6.20 Providence, Rhode Island – January 22, 2025 – Textron Inc. (NYSE: TXT) today reported fourth quarter 2024 income from continuing operations of $0.76 per share, as compared to $1.01 per share in the fourth quarter of 2023. Adjusted income from continuing operations, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, was $1.34 per share for the fourth quarter of 2024, compared to $1.60 per share in the fourth quarter of 2023. Full year 2024 income from continuing operations was $4.34 per share, down from $4.57 in 2023. Full year 2024 adjusted income from continuing operations was $5.48, as compared to $5.59 in 2023. “While a work stoppage at Textron Aviation impacted our 2024 financial results, we saw strong order activity, aftermarket growth, and continued new product development activities with the announcement of the Gen3 family of light jets,” said Textron Chairman and CEO Scott C. Donnelly. "At Bell, we made significant progress on FLRAA achieving Milestone B, which launched the Engineering and Manufacturing Development phase of the program." Cash Flow Net cash provided by operating activ