The 2020 Mid-Year Economic Update_long

Textron Sales Down 3.3% in 2015

Fourth quarter sales down 4.2 percent year-over-year.

Diversified manufacturer Textron Inc. (NYSE: TXT), Providence, RI, reported 2015 sales of $13.4 billion, down 3.3 percent from 2014. Profit rose 16.2 percent to $697 million.

For the fourth quarter, sales were $3.9 billion, down 4.2 percent from the prior-year period. Profit increased 6.6 percent to $226 million.

Industrial sales for the quarter were up 6.4 percent year-over-year to $917 million, while aviation sales were down 2.1 percent to $1.5 billion.

Bell segment sales were down 3.4 percent to $1 billion, while Textron Systems sales were down 25.4 percent to $463 million.

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