Textron Inc

TXT: XNYS (USA)
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Textron Earnings: Jets and Rotorcraft Drive Results, Industrials to Separate; Shares Fairly Valued

Textron reported first-quarter revenue up 12% year over year to $3.7 billion, while segment operating profit grew 10% to $308 million at just over 8% margin. Management also announced that it intends to sell or spin off the industrials segment by sometime in 2027.

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