Textron — Apr 24, 2025 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 driven by higher military revenues of $154 million, primarily due to higher volume from the U.S. Army's FLRAA program and military sustainment programs, and higher commercial revenues of $102 million, primarily due to higher volume and mix. Bell delivered 29 commercial helicopters in the quarter, up from 18 in last year's first quarter. Segment profit of $90 million was up $10 million from last year's first quarter, largely