Last $38.21 USD
Change Today -0.68 / -1.75%
Volume 1.4M
TXT On Other Exchanges
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As of 1:14 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

textron inc (TXT) Snapshot

Open
$38.84
Previous Close
$38.89
Day High
$38.93
Day Low
$38.02
52 Week High
06/9/14 - $41.15
52 Week Low
10/9/13 - $26.17
Market Cap
10.7B
Average Volume 10 Days
2.2M
EPS TTM
$1.93
Shares Outstanding
279.1M
EX-Date
09/10/14
P/E TM
19.8x
Dividend
$0.08
Dividend Yield
0.21%
Current Stock Chart for TEXTRON INC (TXT)

textron inc (TXT) Details

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through five segments: Cessna, Bell, Textron Systems, Industrial, and Finance. The Cessna segment manufactures business jets, single-engine utility turboprops, and single-engine piston aircraft, as well as parts, maintenance, inspection, and repair services. The Bell segment manufactures and supplies military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. The Textron Systems segment produces unmanned aircraft systems; armored vehicles, turrets and related subsystems, and marine craft; smart weapons, and airborne and ground-based sensors and surveillance systems, and protection systems; test equipment and electronic warfare test, and training solutions; piston aircraft engines; and intelligence software solutions. This segment also designs, develops, installs, and provides maintenance of advanced full flight simulators; and supports aviation training products and related services. The Industrial segment offers blow-molded plastic fuel systems, windshield and headlamp washer systems, engine camshafts, catalytic reduction systems, and other parts, as well as plastic bottles and containers; golf cars and professional turf-maintenance equipment, as well as off-road, utility, light transportation, and specialized turf-care vehicles to golf courses and resort, government agencies, municipalities, commercial, and industrial users; and powered equipment, electrical test and measurement instruments, mechanical and hydraulic tools, cable connectors, and fiber optic assemblies primarily used in the construction, maintenance, telecommunications, data communications, utility, and plumbing industries. The Finance segment provides commercial loans and leases for aircraft and helicopters. Textron Inc. was founded in 1923 and is headquartered in Providence, the Rhode Island.

32,000 Employees
Last Reported Date: 02/14/14
Founded in 1923

textron inc (TXT) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $790.4K
Chief Compliance Officer, Executive Vice Pres...
Total Annual Compensation: $624.2K
Executive Vice President of Human Resources
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2013.

textron inc (TXT) Key Developments

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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Industry Analysis

TXT

Industry Average

Valuation TXT Industry Range
Price/Earnings 22.0x
Price/Sales 0.9x
Price/Book 2.4x
Price/Cash Flow 21.9x
TEV/Sales 0.4x
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