In their Q4 report, Textron Inc. forecast upcoming 2022 revenues of approximately $13.3 billion, up from $12.4 billion (2021). Textron expects full-year 2022 earnings per share will be in the range of $3.80 to $4.00.
The company is estimating net cash provided by operating activities of continuing operations of the manufacturing group will be between $1.1 billion and $1.2 billion and manufacturing cash flow before pension contributions, a non-GAAP measure, will be between $700 million and $800 million, with planned pension contributions of about $50 million.
“Our outlook reflects continued momentum in our commercial businesses and ongoing investment in new products to increase long-term shareholder value,” Donnelly concludes.
For a complete breakdown of results, see the official report.
Textron Aviation Division
Revenues at Textron Aviation of $1.4 billion were down $201 million from the fourth quarter of 2020, largely due to lower aircraft volume, partially offset by higher aftermarket volume.
Textron Aviation delivered 46 jets in the quarter, down from 61 last year, and 43 commercial turboprops, down from 61 last year.
Segment profit was $137 million in the fourth quarter, up $29 million from a year ago, largely due to favorable pricing, net of inflation, of $21 million and improved manufacturing performance.
Textron Aviation backlog at the end of the fourth quarter was $4.1 billion.