Textron — Apr 24, 2025 release

On April 23, 2025, we closed on the sale of the Powersports business, including the Arctic Cat brand and its operations. Outlook Textron reiterated its expectation for full-year 2025 GAAP earnings per share from continuing operations to 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 reiterated its expectation that 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. First Quarter Segment Results Textron Aviation Textron Aviation’s revenues were $1.2 billion, up $24 million from last year's first quarter, largely reflecting higher aftermarket parts and services revenue of $27 million. Textron Aviation delivered 31 jets in the quarter, down from 36 in the first quarter of 2024, and 30 commercial turboprops, up from 20 in last year's first quarter. Segment profit was $127 million in the first quarter, down $16 million from a year ago, primarily reflecting the mix of aircraft sold, partially offset by higher aftermarket volume. Textron Aviation backlog at the end of the first quarter was $7.9 billion. Bell Bell revenues were $983 million, up $256 million from the first quarter of 2024. The revenue increase in the quarter was driv