Textron Forecasts Lower-than-Expected 2025 Profit, Misses Revenue Estimates
Textron announced on Wednesday that it predicts 2025 earnings below analysts' expectations. This follows a shortfall in quarterly revenue due to the September strike in its aviation division and a demand slowdown in its industrial segment.
Key Findings:
* Adjusted 2025 profit forecast: $6.00 to $6.20 per share, below analyst expectations of $6.40
* Quarterly revenue for the period ended December 28: $3.61 billion, down 7.2% year-over-year and below analyst estimates of $3.81 billion
* Industrial segment revenue declined by 9.6% due to inflationary pressures and Chinese competition
* The strike by the International Association of Machinists and Aerospace Workers union continued to impact aircraft deliveries, with Cessna business jet deliveries down from 50 to 32 and commercial turboprop deliveries down from 44 to 38
Company Outlook:
* Full-year 2025 revenue projection: $14.7 billion, slightly below analyst estimates of $14.75 billion
* Exploring strategic options for the Powersports product line in its specialized vehicles unit due to ongoing demand challenges