Textron Inc

TXT: XNYS (USA)

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Textron Earnings: Labor Strike Triggers Large Guidance Cut; $91 Fair Value Unchanged

Nicolas Owens ,

Oct 24, 2024

Textron's third-quarter revenue and earnings landed well below our expectations, partly due to a four-week-long labor strike that began at the end of the quarter. Due to the strike, management cut its full-year revenue expectations by $500 million and earnings per share guidance by $0.80.

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Textron Inc

Textron Earnings: Labor Strike Triggers Large Guidance Cut; $91 Fair Value Unchanged

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