Textron — Jul 24, 2025 release

Year to date, Textron has returned $429 million to shareholders through share repurchases. 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. Manufacturing cash flow before pension contributions, a non-GAAP measure, is now expected to be in the range of $900 million to $1.0 billion, up $100 million from the previous outlook. This updated outlook incorporates the expected impact associated with recently enacted U.S. tax legislation. Second Quarter Segment Results Textron Aviation Textron Aviation’s revenues were $1.5 billion, up $42 million from last year's second quarter, reflecting higher aircraft revenues of $35 million and higher aftermarket parts and services revenues of $7 million. Textron Aviation delivered 49 jets in the quarter, up from 42 in the second quarter of 2024, and 34 commercial turboprops, down from 44 in last year's second quarter. Segment profit was $180 million in the second quarter, down $15 million from a year ago, primarily due to the mix of aircraft sold and higher warranty costs, partially offset by the favorable impact of manufacturing efficiencies and higher pricing, net of inflation. Textron Aviation backlog at the end of the second quarter was $7.85 billion. Bell Bell revenues were $1.0 billion, up $222 mill