Textron — Jan 22, 2025 release

"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 activities of the manufacturing group for the full year was $1.0 billion. Manufacturing cash flow before pension contributions, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, totaled $692 million for the full year, down from $931 million in 2023. In the quarter, Textron returned $232 million to shareholders through share repurchases. Full year 2024 share repurchases totaled $1.1 billion. Outlook Textron is forecasting 2025 revenues of approximately $14.7 billion, up from $13.7 billion in 2024. Textron expects full-year 2025 GAAP earnings per share from continuing operations will be in the range of $5.19 to $5.39, or $6.00 to $6.20 on an adjusted basis, which is reconciled to GAAP in an attachment to this release. The Company is estimating net cash provided by operating activities of the manufacturing group will be between $1.2 billion and $1.3 billion and manufacturing cash flow before pension contributions, a non-GAAP measure, will be between $800 million and $900 million, with planned pension contributions of about $50 million. "2024 was a challenging year with a strike at Aviation and difficult end markets in our Industrial segment. Our 2025 outlook of higher revenue and margin reflects a stabilized production line with improved productivity at Textron Aviation, growth across our aerospace and defense businesses driven by new product development, and an improved cost structure at our Industrial segment," Donnelly concluded. Fourth Quarter Segment Results Textron Aviation Revenues at Textron Aviation of $1.3 billion were down $242 million from the fourth quarter of 2023, reflecting lower volume and mix of $282 million, which was princip