Textron reported higher third-quarter earnings and revenue, with growth at Textron Aviation and Textron Systems, and raised its full-year earnings and cash-flow outlook. The company also said congressional approval of funding tied to the U.S. Army’s MV-75 Cheyenne program is reflected in its updated forecast.
For the quarter ended Oct. 3, Textron earned $1.56 a share from continuing operations, compared with $1.31 a year earlier. Adjusted earnings were $1.76 a share, up from $1.55.
Key details
- Revenue rose 4% to $3.8 billion, an increase of $149 million from the third quarter of 2025. Textron cited higher jet deliveries at Textron Aviation and program execution at Textron Systems as drivers of double-digit revenue growth at both businesses.
- Textron Aviation revenue increased 14% to $1.7 billion. Aircraft revenue was up $152 million, primarily on higher volume and a more favorable mix, including more Citation jets. Aftermarket parts and services revenue rose $49 million on higher volume and pricing.
- Textron Aviation delivered 51 jets, up from 42 a year earlier, and 32 commercial turboprops, down from 39.
- Manufacturing cash flow before pension contributions was $418 million, compared with $281 million in the year-ago quarter. Net cash provided by operating activities for the manufacturing group was $512 million, up from $348 million.
- Textron repurchased $239 million of its shares during the quarter.
- The company raised its full-year 2026 outlook:
- GAAP earnings per share from continuing operations are now expected to be $5.64 to $5.74, versus the prior range of $5.39 to $5.59.
- Adjusted earnings per share are now expected to be $6.55 to $6.65, up from $6.40 to $6.60.
- Manufacturing cash flow before pension contributions is now expected to be $800 million to $900 million, compared with the previous $700 million to $800 million range.
- Textron said the higher outlook reflects congressional approval of the Army’s Above Threshold Reprogramming request for the MV-75 Cheyenne program, along with contract changes that obligate the associated funding. Bell continued to make operational progress on the program, the company said.
What changes
The revised outlook lifts Textron’s expected earnings and cash flow for the year. The company explicitly tied that update to the Army funding approval and related contract modifications. The reported share repurchases also show that Textron returned capital to shareholders during the quarter.