Company profile

Ticker
TXT
Exchange
Website
CEO
Scott C. Donnelly
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
AARTriumphKLX ...
SEC CIK
IRS number
50315468

TXT stock data

(
)

Calendar

1 May 20
5 Jul 20
2 Jan 21

News

Company financial data Financial data

Quarter (USD) Apr 20 Jan 20 Sep 19 Jun 19
Revenue 2.78B 4.04B 3.26B 3.23B
Net income 50M 199M 220M 217M
Diluted EPS 0.22 0.95 0.93
Net profit margin 1.80% 4.93% 6.75% 6.72%
Operating income* 252M 285M 322M
Net change in cash 1.09B 304M 196M 115M
Cash on hand 2.45B 1.36B 1.05B 857M
Cost of revenue 2.39B 3.44B 2.75B 2.64B
Annual (USD) Jan 20 Jan 16 Jan 15 Jan 11
Revenue 13.63B 13.42B 13.88B 10.53B
Net income 815M 697M 600M 86M
Diluted EPS 2.5 2.13 0.28
Net profit margin 5.98% 5.19% 4.32% 0.82%
Operating income* 1.11B 1.14B 1.04B 356M
Net change in cash 352M 183M -109M
Cash on hand 1.36B 1.01B 822M 931M
Cost of revenue 11.41B 10.98B 11.42B 8.61B

Financial data from Textron earnings reports. *Asterisk values are approximate.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
30 Jun 20 Bader Kathleen M Deferred Stock Units Common Stock Grant Aquire A No 29.546 452.587 13.37K 64,908.695
30 Jun 20 Nowell Lionel L Iii Deferred Stock Units Common Stock Grant Aquire A No 29.546 1,594.743 47.12K 3,359.056
30 Jun 20 Conway James T Deferred Stock Units Common Stock Grant Aquire A No 29.546 427.781 12.64K 28,237.905
30 Jun 20 Gagne Paul E Deferred Stock Units Common Stock Grant Aquire A No 29.546 485.331 14.34K 113,313.824
30 Jun 20 Heath Ralph D Deferred Stock Units Common Stock Grant Aquire A No 29.546 417.665 12.34K 13,283.481
82.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 413 454 -9.0%
Opened positions 54 74 -27.0%
Closed positions 95 59 +61.0%
Increased positions 123 139 -11.5%
Reduced positions 160 162 -1.2%
13F shares
Current Prev Q Change
Total value 30.51B 51.27B -40.5%
Total shares 188.33M 191.3M -1.6%
Total puts 606.6K 1.09M -44.5%
Total calls 341.8K 486.7K -29.8%
Total put/call ratio 1.8 2.2 -21.0%
Largest owners
Shares Value Change
N Price T Rowe Associates 33.31M $888.45M +4.6%
Vanguard 25.73M $686.31M +2.4%
BLK BlackRock 17.04M $454.44M -6.9%
IVZ Invesco 12.61M $336.33M +47.4%
STT State Street 10.54M $281.36M -1.9%
Victory Capital Management 7.23M $192.76M +8.1%
Primecap Management 6.67M $177.78M +3.1%
Boston Partners 6.2M $165.2M +299.3%
LSV Asset Management 5.48M $146.25M -5.2%
American Century Companies 4.21M $112.3M +45.1%
Largest transactions
Shares Bought/sold Change
Viking Global Investors 0 -4.94M EXIT
Boston Partners 6.2M +4.64M +299.3%
IVZ Invesco 12.61M +4.05M +47.4%
Capital Research Global Investors 501.25K -2.8M -84.8%
BAC Bank of America 2.98M +1.92M +180.6%
N Price T Rowe Associates 33.31M +1.48M +4.6%
American Century Companies 4.21M +1.31M +45.1%
Adage Capital Partners GP, L.L.C. 277.95K -1.28M -82.2%
BLK BlackRock 17.04M -1.27M -6.9%
Brandes Investment Partners 1.19M +1.19M NEW

Financial report summary

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Risks
  • We have customer concentration with the U.S. Government; reduction in U.S. Government defense spending can adversely affect our results of operations and financial condition.
  • U.S. Government contracts can be terminated at any time and may contain other unfavorable provisions.
  • As a U.S. Government contractor, we are subject to procurement rules and regulations ; our failure to comply with these rules and regulations could adversely affect our business.
  • As a U.S. Government contractor, our businesses and systems are subject to audit and review by the Defense Contract Audit Agency (DCAA) and the Defense Contract Management Agency (DCMA).
  • The use of multi-award contracts by the U.S. Government increases competition, pricing pressure and cost.
  • Demand for our aircraft products is cyclical and lower demand adversely affects our financial results.
  • We have made and may continue to make acquisitions that increase the risks of our business.
  • Failure to perform by our subcontractors or suppliers could adversely affect our performance.
  • Our business could be negatively impacted by information technology disruptions and security threats.
  • Developing new products and technologies entails significant risks and uncertainties.
  • We are subject to the risks of doing business in foreign countries that could adversely impact our business.
  • We are subject to increasing compliance risks that could adversely affect our operating results.
  • We are subject to legal proceedings and other claims.
  • Intellectual property infringement claims of others and the inability to protect our intellectual property rights could harm our business and our customers.
  • Certain of our products are subject to laws regulating consumer products and could be subject to repurchase or recall as a result of safety issues.
  • The increasing costs of certain employee and retiree benefits could adversely affect our results.
  • Our business could be adversely affected by strikes or work stoppages and other labor issues.
  • Currency, raw material price and interest rate fluctuations can adversely affect our results.
  • We may be unable to effectively mitigate pricing pressures.
  • Unanticipated changes in our tax rates or exposure to additional income tax liabilities could affect our profitability.
Management Discussion
  • Revenues decreased $342 million, 2%, in 2019, compared with 2018.  The revenue decrease included the following factors:
  • Revenues decreased $226 million, 2%, in 2018, compared with 2017, largely driven by the disposition of the Tools and Test Equipment product line within the Industrial segment. The net revenue decrease included the following factors:
  • Cost of sales decreased $188 million, 2%, in 2019, compared with 2018, largely resulting from the impact from the disposition of the Tools and Test Equipment product line, improved performance and a favorable impact of $48 million from foreign exchange rate fluctuations, partially offset by an unfavorable impact of $94 million from inflation. Gross margin as a percentage of Manufacturing revenues decreased 70 basis points in 2019, compared with 2018, primarily due to lower margin at the Textron Aviation segment, reflecting the mix of aircraft sold in the year.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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