Textron Q1 2016 income up 19.6% YoY

Textron Inc. (NYSE: TXT) has reported first quarter 2016 income from continuing operations of USD0.55 per share, up 19.6 percent from USD0.46 per share in the first quarter of 2015.

Revenues in the quarter were USD3.2 billion, up 4.2 percent from the first quarter of 2015. Textron segment profit in the quarter was USD280 million, up USD21 million from the first quarter of 2015. First quarter manufacturing cash flow before pension contributions reflected a use of cash of USD222 million compared to a use of cash of USD125 million during last year´s first quarter.

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Textron Systems, and TRU Simulation + Training.