Textron Inc. (NYSE:TXT) Q1 2025 Earnings Conference Call April 24, 2025 8:00 AM ET
Company Participants
Scott Hegstrom – VP, IR
Scott Donnelly – Chairman & CEO
David Rosenberg – CFO
Conference Call Participants
Robert Stallard – Vertical Research
Sheila Kahyaoglu – Jefferies
Noah Poponak – Goldman Sachs
Peter Arment – Baird
David Strauss – Barclays
Seth Seifman – JPMorgan
Myles Walton – Wolfe Research
Jason Gursky – Citigroup
Kristine Liwag – Morgan Stanley
Ron Epstein – Bank of America
Pete Skibitski – Alembic Global
Operator
Good morning, everyone, and a warm welcome to the Textron Q1 2025 Earnings Call. My name is Emily, and I’ll be moderating your call today. After the presentation, you will have the opportunity to ask any questions. [Operator Instructions]
I will now hand over to Scott Hegstrom, Vice President of Investor Relations to begin. Scott, please go ahead.
Scott Hegstrom
Thank you, Emily, and good morning, everyone. Before we begin, I’d like to mention that we will be discussing future estimates and expectations during our call today. These forward-looking statements are subject to various risk factors, which are detailed in our SEC filings and also in today’s press release. On the call today, we have Scott Donnelly, Textron’s Chairman and CEO; and David Rosenberg, our Chief Financial Officer. Our earnings call presentation can be found in the Investor Relations section of our website.
Revenues in the quarter were $3.3 billion, up $171 million from last year’s first quarter. Segment profit in the quarter was $280 million, down $10 million from the first quarter of 2024. During this year’s first quarter, adjusted income from continuing operations was $1.28 per share compared to $1.20 per share in last year’s first quarter. Manufacturing cash flow before pension contributions, reflected use of cash of $158 million compared to a use of cash of $81 million in last year’s first quarter.
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