Textron Sales Flat in 1Q - Modern Distribution Management

Textron Sales Flat in 1Q

Industrial sales up 9.6 percent year-over-year.

Diversified manufacturerTextron Inc. (NYSE: TXT), Providence, RI, reported sales for the first quarter of $2.8 billion, flat compared to the prior-year quarter. Profit decreased 28.6 percent to $85 million.

Industrial sales for the quarter were up 9.6 percent year-over-year to $797 million,primarily due to higher fuel systems and functional components product line volume, reflecting automotive industry demand in Europe and Asia.

Aviation sales were up 10.9 percent to $785 million,reflecting the impact of the Beechcraft acquisition, higher jet deliveries and higher aftermarket sales.

Bell segment sales were down 8 percent to $873 million,primarily the result of lower commercial and military aircraft deliveries partially offset by higher military product support volume.

Textron sales were down 15.4 percent to $363 million,reflecting lower unmanned aircraft systems and marine and land systems volumes, partially offset by higher volume within weapons and sensors.

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.

2

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

1

article
left

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.

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!