Textron Inc

TXT: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$98.00	Hbfr	Dnfmlmhg

Textron Earnings: Strength in Aviation and Bell Offsets Continued Industrial Weakness

Nicolas Owens ,

Jul 18, 2024

No-moat-rated Textron reported second-quarter revenue and earnings relatively in line with expectations, led by considerable year-over-year growth in the aviation and Bell segments. Consolidated revenue rose 3% year over year to $3.5 billion. In our view, the quarter did not present any significant changes across Textron's business segments. However, due to the time value of money and a higher certainty around share count reductions, we have raised our fair value estimate to $91 per share from $84.

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