Textron Inc. (NYSE:TXT) reported downbeat fourth-quarter revenue and issued FY25 EPS guidance below estimates on Wednesday.
Sales grew to $3.613 billion, missing the consensus of $3.81 billion, although adjusted EPS of $1.34 was in line with the consensus.
Textron expects GAAP EPS from continuing operations of $5.19-$5.39 or $6.00 -$6.20 on an adjusted basis (vs. consensus of $6.42) and revenue of $14.7 billion (vs. $14.757 billion estimate).
Textron projects cash flow from continuing operations of the manufacturing group of $1.2 billion and $1.3 billion.
Scott C. Donnelly, Chairman and CEO, said, "While a work stoppage at Textron Aviation impacted our 2024 financial results, we saw strong order activity, aftermarket growth, and continued new product development activities with the announcement of the Gen3 family of light jets."
Textron shares fell 3.4% to close at $78.41 on Wednesday.
These analysts made changes to their price targets on Textron following earnings announcement.
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