Diversified manufacturer Textron Inc. (NYSE: TXT), Providence, RI, reported sales for the year ended Jan. 3, 2015, were $13.8 billion, up 14.6 percent from 2013. Profit rose 20.4 percent to $600 million.
For the fourth quarter, sales were $4.1 billion, up 16.8 percent from the prior-year period. Profit increased 26.9 percent to $212 million.
Full-year industrial sales were $3.3 billion, an increase of 10.8 percent from the prior year. In the fourth quarter, industrial sales grew 11.5 percent to $862 million.
Textron Aviation segment sales for 2014 were $4.6 billion, an increase of 64 percent from the prior year. In the fourth quarter, Textron Aviation sales grew 64.6 percent to $1.5 billion, primarily reflecting the impact of the Beechcraft acquisition and higher volumes.
Bell segment sales for 2014 fell 5.8 percent to $4.2 billion. In the fourth quarter, Bell sales fell 22.1 to $1 billion, primarily the result of lower V-22 and commercial deliveries.
Textron Systems sales for 2014 decreased 2.4 percent to $1.6 billion. In the fourth quarter, Textron Systems sales increased 51.8 percent to $621 million.
