Textron reported fourth-quarter revenue of $4.2 billion, representing a 16% increase from the prior year, and delivered adjusted earnings of $1.73 per share, in line with consensus expectations. Full-year revenue for 2025 rose 8% to $14.8 billion. The Aviation segment drove much of the growth, with Textron Aviation posting revenue of $1.7 billion—up 36% year over year—and delivering 49 jets compared to 32 in Q4 2024, as operations rebounded following a labor disruption late last year.

Textron’s Bell division reported revenue of $1.3 billion for the quarter, an 11% increase over Q4 2024, fueled by higher military deliveries under the U.S. Army’s MV-75 program. The segment benefited from expanded production rates and new contract awards, contributing to overall backlog growth in the company’s defense portfolio. Bell’s performance underscores Textron’s diversified aerospace exposure and its alignment with rising defense spending trends.

For fiscal 2026, Textron projected adjusted earnings of $6.40 to $6.60 per share on revenue of approximately $15.5 billion, below the analyst consensus of $6.84. The company also forecast manufacturing cash flow before pension contributions in a range of $700 million to $800 million. Investors reacted negatively to the guidance shortfall, sending shares down nearly 8% intra-day, as the lower profit outlook contrasted with the stronger-than-expected top-line momentum reported in Q4.

Textron ended the quarter with $1.9 billion in cash and short-term investments, while net debt stood at $3.2 billion. Manufacturing cash flow before pension contributions for 2025 totaled $1.1 billion, exceeding the midpoint of prior guidance. Capital expenditures were $330 million for the year, supporting capacity expansions in both aviation and industrial segments. Management emphasized ongoing cost discipline and free cash flow generation as key priorities to fund share repurchases and debt reduction.