Textron Reports Strong Non-GAAP EPS Performance in Q2

Thursday, 18 July 2024, 10:36

Textron has outperformed market expectations in Q2 with a Non-GAAP EPS of $1.54, surpassing estimates by $0.07. However, the revenue figures fell short of projections, standing at $3.53B, missing by $20M. Despite this, the company demonstrated positive cash generation with net cash from operating activities totaling $383 million during the quarter.
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Textron Reports Strong Non-GAAP EPS Performance in Q2

Textron Q2 Earnings Report Highlights:

Textron has reported strong financial performance in the second quarter, with an impressive Non-GAAP EPS of $1.54, exceeding estimates by $0.07. However, the revenue figures didn't meet expectations, standing at $3.53B, missing by $20M. Nevertheless, the company showcased solid financial health by generating $383 million in net cash from operating activities.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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