- Textron Inc. (TXT, Financial) reports first quarter 2025 adjusted EPS of $1.28, a rise from $1.20 in the previous year.
- The company achieved revenue growth to $3.3 billion, up by $171 million year-over-year.
- The Powersports segment, including Arctic Cat, has been sold as part of strategic divestitures.
Textron Inc. (TXT) has announced its financial results for the first quarter of 2025, delivering a solid performance with an earnings per share (EPS) of $1.13, compared to $1.03 in the same quarter of 2024. The adjusted EPS, excluding certain items, was $1.28, showing an increase from $1.20 in the prior year.
The company's revenue for the quarter reached $3.3 billion, marking an increase of $171 million compared to the same period last year. Textron's strong growth in its military and commercial product lines at Bell contributed significantly to these positive results.
Textron Aviation saw revenues of $1.2 billion, slightly up by $24 million from the first quarter of the previous year. Although the total number of jets delivered decreased to 31 from 36, the commercial turboprop deliveries saw an increase, with 30 units compared to 20 in the same quarter last year. However, the segment's profit decreased to $127 million, down by $16 million, largely due to the mix of aircraft sold.
Bell, one of Textron's major segments, reported revenues of $983 million, which is $256 million more than the previous year. This gain was attributed to higher military revenues, driven by the U.S. Army's Future Long-Range Assault Aircraft (FLRAA) program and military sustainment programs, along with an increase in commercial helicopter deliveries.
During this period, Textron concluded the sale of its Powersports business, which included the Arctic Cat brand, as part of its strategic divestiture efforts. Additionally, Textron returned $215 million to shareholders through share repurchases in the first quarter.
Looking ahead, Textron maintains its full-year 2025 GAAP earnings outlook, anticipating earnings per share from continuing operations to be in the range of $5.19 to $5.39, or $6.00 to $6.20 on an adjusted basis. The company's financial expectations for net cash from operating activities of the manufacturing group are projected to be between $1.2 billion and $1.3 billion.
