Textron — Oct 23, 2025 release

Year to date, Textron has returned $635 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 reiterated to be in the range of $900 million to $1.0 billion. Third Quarter Segment Results Textron Aviation Textron Aviation’s revenues were $1.5 billion, up 10%, or $138 million from last year's third quarter, reflecting higher aircraft revenues of $116 million and higher aftermarket parts and services revenues of $22 million. The increase in aircraft revenues was largely due to higher volume and mix, which included higher Citation jet and commercial turboprop volume, partially offset by lower defense volume. Textron Aviation delivered 42 jets in the quarter, up from 41 in the third quarter of 2024, and 39 commercial turboprops, up from 25 in last year's third quarter. Segment profit was $179 million in the third quarter, up $51 million from a year ago, largely due to higher volume and mix. Textron Aviation backlog at the end of the third quarter was $7.7 billion. Bell Bell revenues were $1.0 billion, up 10%, or $97 million from the third quarter of 2024. The revenue increase in the quarter was driven