Diversified manufacturer Textron Inc. (NYSE: TXT), Providence, RI, reported sales for the first quarter of $3.2 billion, up 4.2 percent from the prior-year quarter. Profit increased 17.2 percent to $150 million.
Industrial sales for the quarter were up 9.2 percent year-over-year to $952 million, while aviation sales were up 3.8 percent to $1.1 billion.
Bell segment sales were up slightly to $814 million, while Textron systems sales were up 2.9 percent to $324 million.
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