Textron — Jan 28, 2026 release

Industrial streamlined the portfolio with the divestiture of the Powersports business." Cash Flow Net cash provided by operating activities of the manufacturing group for the full year was $1.3 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 $969 million for the full year, up from $692 million in 2024. In the quarter, Textron returned $187 million to shareholders through share repurchases. Full year 2025 share repurchases totaled $822 million. Outlook Textron is forecasting 2026 revenues of approximately $15.5 billion, up from $14.8 billion in 2025. Textron expects full-year 2026 GAAP earnings per share from continuing operations will be in the range of $5.39 to $5.59, or $6.40 to $6.60 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 $1.3 billion and $1.4 billion and manufacturing cash flow before pension contributions, a non-GAAP measure, will be between $700 million and $800 million, with planned pension contributions of about $50 million. This cash outlook reflects increased investments at Bell related to acceleration of the MV-75 program. "As we move into 2026, our momentum remains strong supported by significant bookings, healthy demand across our markets, continued program execution, and ongoing operational improvements," Atherton added. “We are well positioned to continue investing in our products and capabilities to drive growth and long-term value for our shareholders." Fourth Quarter Segment Results Textron Aviation Revenues at Textron Aviation of $1.7 billion were up $467 million, or 36%, from the fourth quarter of 2024, reflecting higher