Textron Sales Up 3.3% in Fourth Quarter - Modern Distribution Management

Log In

Textron Sales Up 3.3% in Fourth Quarter

Industrial segment sales fell slightly.

Textron Inc. (NYSE: TXT), Providence, RI, reported sales for the fourth quarter of $3.4 billion, an increase of 3.3 percent compared to the same period a year ago. Textron reported a profit of $148 million for the quarter, compared to a year-ago loss of $19 million.

Revenues decreased $110 million, reflecting the delivery of 53 new Citation jets in the quarter, compared with 67 in last year’s fourth quarter. Segment profit decreased $37 million, primarily due to a $27.4 million arbitration settlement charge and lower jet volumes.

Revenues increased $139 million in the fourth quarter from the same period in the prior year. Segment profit increased $10 million, reflecting higher volume and mix.

Textron Systems
Revenues at Textron Systems increased $58 million, reflecting higher deliveries in Unmanned Aerial Systems and Weapons and Sensors, partially offset by lower vehicle deliveries at Land and Marine. Segment profit in the quarter was $36 million, up $44 million when compared to last year’s fourth quarter.

Industrial revenues decreased $2 million from the fourth quarter of 2011. Segment profit decreased $6 million reflecting cost inflation in excess of related price increases.

Finance segment revenues increased $23 million compared to the fourth quarter of 2011. The segment reported a profit of $2 million compared to last year’s $232 million fourth-quarter loss, which reflected a mark-to-market charge.

For the full year, sales for Textron were $12.2 billion, an increase of 8.5 percent compared to the same period a year ago. Profit jumped up 143.4 percent from 2011.

Share this article

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.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


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

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



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.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.