Textron’s Earnings Miss and Strategic Shift | Business and Finance News

Textron’s stock tumbled 8% despite beating earnings estimates—reporting $1.62 per share, but GAAP earnings were only $1.42, a modest gain over last year. Revenue growth slowed to just 3%, far below Q1’s pace, and free cash flow plummeted from nearly $400M to $235M. The company is eyeing a sale of its underperforming Industrial division, which grew only 1% and is its least profitable unit—potentially unlocking cash and boosting margins. While restructuring looks strategic, investors may want to wait, as other companies are currently more appealing. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e47c1b7718488632