The data in this package should be read in conjunction with the Textron earnings release and accompanying tables.
Forward-Looking Information
Certain statements in this package and other oral and written statements made by Textron from time to time are forward-looking statements, including those that discuss strategies, goals, outlook or other non-historical matters; or project revenues, income, returns or other financial measures. These forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These forward- looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including the risks and uncertainties set forth under "Forward-Looking Information" in our fourth quarter 2022 earnings release. Additional information on risks and uncertainties that may impact forward-looking statements is discussed under "Risk Factors" in our most recent Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q.
Textron Inc. Q4 2022 Earnings Call Presentation; January 25, 2023
2
Key Data - Q4 2022
Revenues
Segment Profit
EPS
Adjusted EPS
Manufacturing Cash Flow
Before Pension Contributions
Pension Contributions
Q4 2022
Q4 2021
$ 3.6B
$ 3.3B
$ 317M
$ 310M
$ 1.07
$ 0.93
N/A
$ 0.94
$ 368M
$ 298M
$ 13M
$ 12M
Adjusted EPS and Manufacturing cash flow before pension contributions are non-GAAP measures that are defined and reconciled to GAAP in our earnings release.
Textron Inc. Q4 2022 Earnings Call Presentation; January 25, 2023
3
Key Data - Full Year 2022
Revenues
Segment Profit
EPS
Manufacturing Cash Flow
Before Pension Contributions
Pension Contributions
Full-Year 2022
Full-Year 2021
$ 12.9B
$ 12.4B
$ 1,223M
$ 1,134M
$ 4.01
$ 3.30
$ 1,178M
$ 1,149M
$ 49M
$ 52M
Manufacturing cash flow before pension contributions is a non-GAAP measure that is defined and reconciled to GAAP in our earnings release.
Textron Inc. Q4 2022 Earnings Call Presentation; January 25, 2023
4
Q4 2022 Revenue Growth
Revenue
Acquisition
Organic
FX Impact
Organic
Growth
Growth
Impact
Growth
Un(Fav)
Before FX
Textron Aviation
16.4%
-
16.4%
-
16.4%
Bell
(4.9%)
-
(4.9%)
-
(4.9%)
Textron Systems
0.3%
-
0.3%
-
0.3%
Industrial
16.1%
-
16.1%
3.6%
19.7%
Textron eAviation
0.2%
(100%)
-
-
-
Manufacturing
9.5%
(0.2%)
9.3%
0.8%
10.1%
Finance
-
-
-
-
-
Total Segments
9.5%
(0.2%)
9.3%
0.8%
10.1%
Organic Growth includes revenue changes resulting from volume, price, and foreign exchange as compared to the corresponding period in the prior year. For our segments that contract with the U.S. Government, volume represents changes in revenue related to these contracts.
The eAviation revenue growth % reflects its revenue increase as a percentage of total manufacturing revenues, as the segment was formed in Q2 2022 and does not have corresponding Q4 2021 revenues
Textron Inc. Q4 2022 Earnings Call Presentation; January 25, 2023
5
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Textron Inc. published this content on 25 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2023 11:47:08 UTC.
Textron Inc. is a diversified industrial group organized around 5 families of products and services:
- aircraft (34.1% of net sales): business aircraft, turboprop planes, and single-engine piston aircraft;
- military and commercial helicopters (28.4%; Bell). The group also offers logistical support services, technical support services, training, maintenance, and repair services;
- industrial equipment (25.7%): fuel systems, hydraulic power tools, measuring equipment, fiber-optic connectors, golf carts, lawn maintenance equipment, etc.;
- defense and aerospace systems (11.3%): precision weaponry, smart battlefield systems, airborne and underground surveillance systems, aircraft control components, unmanned aircraft systems, shielded vehicles, piston engines, etc.;
- financing services (0.5%).
Net sales break down geographically as follows: the United States (68.2%), Europe (11.5%), Asia and Australia (9.5%) and other (10.8%).