Textron Inc. reported its fourth quarter 2024 financial results on January 22, 2025, with income from continuing operations at $0.76 per share, compared to $1.01 per share in Q4 2023. Adjusted income from continuing operations was $1.34 per share, beating analyst estimates of $1.25 per share.
Total revenues for the quarter were $3.61 billion, falling short of Street forecasts of $3.74 billion. Full-year 2024 adjusted income from continuing operations was $5.48 per share, down from $5.59 in 2023, impacted by a work stoppage at Textron Aviation and difficult end markets in the Industrial segment.
For 2025, Textron is forecasting revenues of approximately $14.7 billion, an increase from $13.7 billion in 2024. The company expects full-year 2025 adjusted earnings per share to be in the range of $6.00 to $6.20, with manufacturing cash flow before pension contributions projected between $800 million and $900 million.
In Q4 2024, Textron recorded $53 million in pre-tax special charges and a $38 million inventory valuation charge related to the strategic review and indefinite pause of production for its Powersports product line. This restructuring aims for an improved cost structure in the Industrial segment and reflects a stabilized production line at Textron Aviation.
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