Textron 2013 Q4 income up USD0.10 per share

23 January 2014

Textron Inc. (NYSE: TXT) has reported its fourth quarter 2013 income from continuing operations was USD0.60 per share, up from USD0.50 per share in the fourth quarter of 2012.

Revenues in the quarter were USD3.5bn, up four percent from the fourth quarter of 2012. Manufacturing segment profit was USD305m compared to USD279m in the fourth quarter of 2012. Manufacturing cash flow before pension contributions was USD774m compared to USD625m during last year´s fourth quarter.

Full-year income from continuing operations was USD1.75 per share, compared to USD1.97 in 2012. Full-year revenues were USD12.1bn, down one percent. Manufacturing cash flow before pension contributions was USD256m, compared to USD793m in 2012.

Textron´s consolidated net debt ended the year at USD1.98bn, down USD598m from the end of 2012.

Textron is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron brands include Bell Helicopter, Cessna Aircraft company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. More information is available at www.textron.com.

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