Textron Sales Up 7.3% in 3Q

Industrial sales grew 17.6 percent in the quarter.

Diversified manufacturer Textron Inc. (NYSE: TXT), Providence, RI, reported sales for the third quarter of $3.5 billion, up 7.2 percent compared to the prior-year quarter. Profit decreased from $421 million to $159 million.

Industrial sales for the quarter were $1 billion, up 17.6 percent from the same period in 2016, largely due to the impact of the Arctic Cat acquisition.  Aviation sales were down 3.7 percent to $1.2 billion.

Bell segment sales were up 10.6 percent to $812 million, while Textron Systems sales were up 10.9 percent to $458 million.

For the first nine months, sales were $10.2 billion, up 2.2 percent year-over-year. Profit was $413 million compared to $748 million the previous year.


About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.