Textron down on weak 2025 profit forecast

Textron

22/01/2025 19:12

(Updates)
    ** Shares of the Cessna business jet maker Textron  TXT.N 
down 4% at $78.05 
    ** TXT forecasts 2025 profit below analysts' expectations as
it reels from labor action in its aviation segment and demand
softness in the industrial segment
    ** Co expects 2025 adj EPS between $6.00 and $6.20 vs.
estimates of $6.40, according to data compiled by LSEG
    ** Sees 2025 rev at ~$14.7 billion, below analysts' estimate
of $14.75 billion
    ** TXT delivers 32 jets during Q4, down from 50 a year ago,
and 38 commercial turboprops vs. 44 last year
    ** Q4 rev of $3.61 billion also misses analysts'
expectations of $3.81 billion 
    ** As of last close, shares up ~6.2% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.Chaudhary@thomsonreuters.com))