What Happened
Higher Jet Deliveries and Improved Cash Flow Drive Growth
Textron reported a strong third quarter, with revenue increasing 4% to $3.8 billion and adjusted earnings per share rising to $1.76. The company’s aviation segment drove growth, with a 14% increase in revenue, supported by higher jet deliveries and aftermarket demand. Textron also raised its full-year outlook for adjusted earnings and manufacturing cash flow, citing a favorable demand environment and improved execution. This news was first reported by MarketBeat.