Textron Inc. (NYSE:TXT) Reports 1Q18 Profit Surge

Textron Inc. (NYSE:TXT) revealed income from continuing operation for the first quarter of $ 189.00 million or 72 cents per share, compared to income of $ 100.00 million or 37 cents per share, in the year-ago period.

Headquartered in Providence, Rhode Island, the company disclosed, total revenue that reached $ 3.30 billion, rose 7% from $ 3.09 billion a year ago.

The consensus estimates from Thomson Reuters are income of $ 0.52 per share from $ 3.09 billion in revenue.

Textron Chairman and CEO Scott C. Donnelly, Increased revenues reflected growth at Industrial, Bell, and Textron Aviation, with lower revenues at Textron Systems, consistent with our expectations. Operationally we achieved significant margin improvements at Textron Aviation and Textron Systems over this quarter last year and sustained margin strength at Bell, reflecting strong performance in these segments.

The company confirmed its 2018 earnings from continuing operations guidance of $2.95 to $3.15 per diluted share.

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