Diversified manufacturer Textron Inc. (NYSE: TXT), Providence, RI, reported sales for the first quarter of $3 billion, down 3.3 percent from the prior-year quarter. Profit decreased 32.6 percent to $101 million.
Industrial sales for the quarter were up 4.2 percent year-over-year to $992 million, while aviation sales were down 11 percent to $970 million.
Bell segment sales were down 14.3 percent to $697 million, while Textron systems sales were up 28.4 percent to $416 million.
Read the latest articles and see your reports.
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
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.
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.
Wholesale distribution news and trends delivered right to your inbox.
Sign-up for our free newsletter and get:
