What Happened
Aerospace Giant Sees Strong Demand Across Segments
Textron reported a 3% increase in revenue to $3.8 billion in the second quarter, with adjusted earnings rising to $1.62 per share. The company maintained its full-year adjusted earnings outlook of $6.40 to $6.60 per share and manufacturing cash flow guidance of $700 million to $800 million before pension contributions. According to the company’s CEO, Lisa Atherton, the strong demand for Textron’s products, including aviation and military franchises, contributed to the revenue growth. This was reported by Unknown Source.