Last $36.46 USD
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As of 8:04 PM 09/12/14 All times are local (Market data is delayed by at least 15 minutes).

textron inc (TXT) Key Developments

Textron Inc. Presents at RBC Capital Markets 2014 Global Industrials Conference, Sep-09-2014 02:30 PM

Textron Inc. Presents at RBC Capital Markets 2014 Global Industrials Conference, Sep-09-2014 02:30 PM. Venue: The Mandarin Oriental Hotel, 3752 Las Vegas Blvd, Las Vegas, Nevada, United States.

Textron Inc. Presents at Jefferies 2014 Global Industrials Conference, Aug-14-2014 08:30 AM

Textron Inc. Presents at Jefferies 2014 Global Industrials Conference, Aug-14-2014 08:30 AM. Venue: Grand Hyatt, 109 E. 42nd St., New York, New York, United States. Speakers: Douglas R. Wilburne, Vice President of Investor Relations.

Textron Inc. Declares Quarterly Cash Dividend, Payable on October 1, 2014

The Board of Directors of Textron Inc. declared a quarterly dividend of $0.02 per share on the company's Common Stock. All dividends will be paid on October 1, 2014 to shareholders of record as of the close of business on September 12, 2014.

Textron Inc. Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 28, 2014; Provides Earnings Guidance for the year 2014

Textron Inc. reported unaudited consolidated financial results for the second quarter and six months ended June 28, 2014. For the quarter, the company’s total revenues were $3,505 million against $2,839 million for the same period of last year. Income from continuing operations before income taxes was $210 million against $163 million for the same period of last year. Income from continuing operations was $145 million against $114 million for the same period of last year. Net income was $144 million against $113 million for the same period of last year. Net income per diluted share was $0.51 against $0.40 for the same period of last year. Net cash from operating activities of continuing operations was $347 million against net cash used in operating activities of continuing operations $274 million for the same period of last year. Capital expenditures were $106 million against $113 million for the same period of last year. The revenues were increased $670 million from last year's second quarter. The Beechcraft acquisition completed at the end of the first quarter contributed $425 million to the increase. Revenues were up 23.5%, reflecting solid organic growth and contributions from acquisitions. Net income from continuing operations per diluted share was $0.51 against $0.40 for the same period of last year. For the six months, the company’s total revenues were $6,352 million against $5,694 million for the same period of last year. Income from continuing operations before income taxes was $335 million against $306 million for the same period of last year. Income from continuing operations was $232 million against $229 million for the same period of last year. Net income was $229 million against $232 million for the same period of last year. Net income per diluted share was $0.81 against $0.81 for the same period of last year. Net cash from operating activities of continuing operations was $283 million against net cash used in operating activities of continuing operations $742 million for the same period of last year. Capital expenditures were $172 million against $190 million for the same period of last year. Net income from continuing operations per diluted share was $0.82 against $0.80 for the same period of last year. The company confirmed its 2014 earnings per share from continuing operations guidance of $1.92 to $2.12 and its expectation for cash flow from continuing operations of the manufacturing group before pension contributions of $600 million to $700 million with expected pension contributions of about $90 million. The company is estimating a full year tax rate of 31.5%. The company expects net cash from operating activities of continuing operations - GAAP to be in the range of $970 million to $1,070 million and capital expenditures of $465 million.

Textron Mulls Acquisitions

Textron Inc. (NYSE:TXT) is looking for acquisitions. Scott Donnelly, Chairman and Chief Executive Officer of Textron said, "We will continue to see some number of small bolt-on deals".

 

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