Textron (TXT) Tops Q1 EPS by 8c, Revenues Miss; Confirms FY19 EPS Guidance

Textron (NYSE: TXT) reported Q1 EPS of $0.76, $0.08 better than the analyst estimate of $0.68. Revenue for the quarter came in at $3.11 billion versus the consensus estimate of $3.17 billion.

• EPS of $0.76, up 5.6% year over year
• Segment profit of $294 million, up 5.4% from prior year
• Operating margin of 9.5%, up from 8.5% a year ago
• $202 million returned to shareholders through share repurchases

“Our results in the quarter were driven by growth and performance at Aviation and continued strong execution at Bell, which resulted in significant margin improvements at those segments,” said Textron Chairman and CEO Scott C. Donnelly.

GUIDANCE:

Textron sees FY2019 EPS of $3.55-$3.75, versus the consensus of $3.68.

For earnings history and earnings-related data on Textron (TXT) click here.

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