Textron Inc. (NYSE:TXT) reported stronger-than-expected third-quarter earnings on Thursday, supported by increased aircraft deliveries and accelerated military programs. Shares rose 1.11% in premarket trading following the results.
The company posted adjusted earnings per share of $1.55, beating the analyst consensus of $1.46. Revenue grew 5% year-over-year to $3.6 billion, just below estimates of $3.7 billion.
“Overall, third quarter revenue was up 5% for Textron with higher revenues at Aviation, Bell, and Textron Systems,” said Textron Chairman and CEO Scott C. Donnelly. “Higher Aviation deliveries, acceleration of MV-75 at Bell, and solid performance at Systems all contributed to a strong quarter.”
Textron Aviation — the unit behind the Cessna and Beechcraft brands — recorded a 10% revenue increase to $1.5 billion, fueled by greater jet and turboprop deliveries. The segment delivered 42 jets, up slightly from 41 a year earlier, and 39 commercial turboprops, a sharp increase from 25 in the third quarter of 2024.
Bell revenue also climbed 10% to $1.0 billion thanks to higher military volumes tied to the U.S. Army’s MV-75 program. Commercial helicopter deliveries, however, declined to 30 from 44 in the same period last year. Bell’s order backlog rose by $1.3 billion to $8.2 billion, reflecting fresh MV-75 awards.
Manufacturing cash flow before pension contributions totaled $281 million, up from $147 million a year ago. Textron also returned $206 million to shareholders through stock buybacks during the quarter.
The company reaffirmed its full-year 2025 guidance for adjusted earnings of $6.00 to $6.20 per share, consistent with the analyst consensus of $6.12. It also maintained its manufacturing cash flow forecast in the range of $900 million to $1.0 billion.