TXT · Textron Inc.

Summary

Textron Inc. reported Q1 2026 revenues of $3.7 billion, up 12% year-over-year, adjusted EPS of $1.45, and announced intent to separate its Industrial segment within 12-18 months to focus on aerospace and defense.

Key takeaways

• Revenues $3.7B, +12% YoY; adjusted EPS $1.45 vs $1.28 prior year, driven by aviation growth.
• Textron Aviation revenues $1.5B (+22%), 37 jets and 35 turboprops delivered, backlog $8.0B.
• Bell revenues $1.1B (+9%), backlog $7.6B; Textron Systems revenues $338M (+13%), backlog $3.6B.
• Industrial revenues $786M (-1%), profit $40M (+$10M); to be separated from core A&D businesses.
• Separation targets 12-18 months via sale or tax-free spin-off, creating pure-play A&D Textron.
• Returned $168M to shareholders via repurchases in Q1.