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Textron is a multi-industry company engaged in the aircraft, defense, industrial, and finance businesses. It operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. The сompany manufactures and sells business jets, turboprop, piston engine, military trainer, and defense aircraft, military and commercial helicopters, tiltrotor aircraft, unmanned, marine, and land systems, simulation, training, and other defense and aviation mission support products and systems, as well as fuel system components, plastic containers, and specialized vehicles. It also provides related parts and aftermarket services, intelligence software solutions and logistics support services, as well as financing to purchase new and pre-owned aircraft and helicopters.
TypePublic
Founded1923
HQProvidence, US
Websitetextron.com
Employee Ratings3.2
Culture scoreC+

Latest Updates

Employees (est.) (Jan 2020)35,000
Job Openings473
Revenue (FY, 2019)$1.4 B(-90%)
Share Price (May 2020)$31

Key People/Management at Textron

Scott C. Donnelly

Scott C. Donnelly

Chairman, President and Chief Executive Officer
R. Danny Maldonado

R. Danny Maldonado

President and Chief Executive Officer, Textron Financial Corporation
Russ Bartlett

Russ Bartlett

President and Chief Executive Officer, Textron Airborne Solutions
Mitch Snyder

Mitch Snyder

President and Chief Executive Officer, Bell
Gunnar Kleveland

Gunnar Kleveland

President and CEO, Industrial Segment and Textron Specialized Vehicles
Ron Draper

Ron Draper

President and Chief Executive Officer, Textron Aviation
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Textron Office Locations

Textron has offices in Providence, Augusta, Austin, Blackstone and in 16 other locations
Providence, US (HQ)
Textron Tower, 40 Westminster St
Augusta, US
1451 Marvin Griffin Rd
Austin, US
5301 Southwest Pkwy
Blackstone, US
277 Dominy Corner Rd
Cockeysville, US
124 Industry Ln
Cockeysville, US
300 Clubhouse Rd, Hunt Valley
Show all (23)

Textron Financials and Metrics

Textron Revenue

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Textron's revenue was reported to be $1.36 b in FY, 2019 which is a 2% decrease from the previous period.
USD

Revenue (Q1, 2020)

2.8b

Gross profit (Q1, 2020)

390.0m

Gross profit margin (Q1, 2020), %

14%

Net income (Q1, 2020)

50.0m

Market capitalization (29-May-2020)

7.0b

Closing stock price (29-May-2020)

31.0

Cash (4-Apr-2020)

2.4b

EV

9.6b
Textron's current market capitalization is $7 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

14.2b14.0b1.4b

Revenue growth, %

3%(2%)(2%)

Cost of goods sold

11.8b11.6b11.4b

Gross profit

2.4b2.4b(10.0b)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

3.3b3.7b3.2b3.1b3.2b3.3b2.8b

Cost of goods sold

2.7b3.1b2.7b2.6b2.6b2.7b2.4b

Gross profit

567.0m653.0m513.0m532.0m586.0m512.0m390.0m

Gross profit Margin, %

17%18%16%17%18%16%14%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

1.3b1.1b1.4b

Accounts Receivable

1.4b1.0b1.6b

Inventories

4.2b3.8b4.1b

Current Assets

8.2b7.6b8.0b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

836.0m731.0m1.3b742.0m857.0m1.1b2.4b

Accounts Receivable

1.1b1.1b1.0b1.1b989.0m1.0b1.6b

Inventories

4.1b3.9b4.0b4.0b4.3b4.4b4.4b

Current Assets

7.9b7.9b8.0b7.5b7.9b8.2b9.5b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

962.0m307.0m1.2b815.0m

Depreciation and Amortization

449.0m447.0m437.0m416.0m

Inventories

(352.0m)412.0m41.0m(292.0m)

Accounts Payable

215.0m(156.0m)(63.0m)280.0m
USDY, 2020

EV/CFO

-24.4 x

EV/FCF

-21.6 x

Debt/Equity

0.9 x

Debt/Assets

0.3 x

Financial Leverage

2.9 x
Show all financial metrics

Textron Operating Metrics

FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020

Helicopters Delivered

132 46 57 192 30 201 15

Aircraft Deliveries

339 374 382

Citation Jets Delivered

180 36 48 41 188 44 46 45 206 23

Commercial Turboprops Delivered

155 29 47 43 186 44 34 39 176 16
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Textron Acquisitions / Subsidiaries

Company NameDateDeal Size
Howe and Howe TechnologiesOctober 26, 2018
Arctic CatJanuary 25, 2017$247 m
Able Engineering & Component ServicesJanuary 21, 2016
BeechcraftDecember 26, 2013
Mechtronix SystemsNovember 25, 2013
Opinicus Corp.November 22, 2013
Industrial Technology, Inc.June 18, 2001
Opto-ElectronicsJune 18, 2001
Cam Tool LLCDecember 03, 1999
AAI Corporation
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Textron Revenue Breakdown

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Textron revenue breakdown by business segment: 27.9% from Industrial, 9.7% from Textron Systems, 23.9% from Bell, 38.1% from Textron Aviation and 0.5% from Other

Textron revenue breakdown by geographic segment: 11.8% from Other international, 7.9% from Asia and Australia, 14.6% from Europe and 65.8% from United States

Textron Online and Social Media Presence

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Textron Company Culture

  • Overall Culture

    C+

    65/100

  • CEO Rating

    B+

    73/100

  • Compensation

    C

    61/100

  • Diversity

    B

    72/100

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Textron News and Updates

Textron delays release of earnings by about one week

Textron Inc. said Friday that it will delay the release of its first-quarter earnings report by about a week, citing the disruptions caused by the COVID-19 pandemic on its workforce. The aviation, defense and industrial company said it will now report results on April 30, versus the original schedu…

Textron stock rallies after news of potential Bombardier deal

Shares of Textron Inc. rose nearly 10% on Tuesday after news that Bombardier Inc. is in talks to sell its business-jet unit to the maker of Cessna planes and Bell helicopters. Textron stock was on pace for its largest one-day increase since Dec. 20, 2013, when it rose 14%. Earlier Tuesday, The Wal…

Why Textron Is Likely To Miss Earnings Despite Beating Revenue Expectations For FY19

Textron (NYSE: TXT) will release its Q4 and full-year 2019 results on Wednesday, January 29. We believe that Textron’s Revenues will be ahead of consensus estimates, although the company will report an earnings miss. We expect Textron to report revenues of $14 billion...

With US Marines seeking unmanned logistics to fight China, Textron sees opportunity

The U.S. Marine Corps is looking for unmanned surface vessels. Textron thinks its Common Unmanned Surface Vehicle could answer the call.

Iraq Defense Market Report 2019-2024 Featuring General Dynamics, Lockheed Martin, BAE Systems, Bell Helicopter Textron, Raytheon

DUBLIN, Dec. 3, 2019 /PRNewswire/ -- The "The Iraqi Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024" report has been added to ResearchAndMarkets.com's offering. The Iraqi Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024 provides...

Global Snowmobiles Market 2019-2025 with Arctic Cat, Bombardier Recreational Products, Polaris Industries, Textron & Yamaha Motor Dominating

DUBLIN, Oct. 22, 2019 /PRNewswire/ -- The "Snowmobiles - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering. The Snowmobiles market worldwide is projected to grow by US$389.1 Million, driven by a compounded growth of 3.7%. Entry Level...
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Textron Blogs

Textron Frequently Asked Questions

  • When was Textron founded?

    Textron was founded in 1923.

  • Who are Textron key executives?

    Textron's key executives are Scott C. Donnelly, R. Danny Maldonado and Russ Bartlett.

  • How many employees does Textron have?

    Textron has 35,000 employees.

  • What is Textron revenue?

    Latest Textron annual revenue is $1.4 b.

  • What is Textron revenue per employee?

    Latest Textron revenue per employee is $38.9 k.

  • Who are Textron competitors?

    Competitors of Textron include AAR, Lockheed Martin and TransDigm.

  • Where is Textron headquarters?

    Textron headquarters is located at Textron Tower, 40 Westminster St, Providence.

  • Where are Textron offices?

    Textron has offices in Providence, Augusta, Austin, Blackstone and in 16 other locations.

  • How many offices does Textron have?

    Textron has 23 offices.