Textron raises its 2026 profit and cash flow outlook after a third-quarter earnings beat
Revenue of $3.75B came in below the $3.81B expected, even as earnings per share of $1.76 beat by $0.31.
Chart: TXT, one-minute prices, three sessions
Textron lifted its full-year 2026 guidance on earnings and cash flow after third-quarter earnings per share of $1.76 beat expectations by $0.31. Revenue of $3.75B fell short of the $3.81B expected.
The company now expects GAAP earnings per share of $5.64 to $5.74, up from $5.39 to $5.59. It expects adjusted earnings per share of $6.55 to $6.65, up from $6.40 to $6.60. Manufacturing cash flow before pension contributions is now forecast at $800 million to $900 million, up from $700 million to $800 million.
With sales below forecasts, the earnings beat and the higher cash flow range carry most of the weight in the raise.
Chief executive Lisa M. Atherton said higher jet deliveries at Textron Aviation and program execution at Textron Systems produced double-digit revenue growth at each segment. Those two segments are where the new guidance will be tested in coming quarters. She also said Bell made significant operational progress on the MV-75 Cheyenne program, a separate matter from the outlook.
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