TXT · Textron Q2 FY2026 earnings call record财报电话会记录

“In the second quarter, Textron grew revenue by 3%, continuing a strong start with growth in each of our manufacturing segments, contributing to higher revenues of $500 million, or 7% through the first half of the year compared to the first half of last year.”

“We continued to see healthy commercial and military demand environments, illustrated by the aviation backlog and a favorable fiscal year 2027 and future years' defense program or FY budget request for our military franchises.”

“Moving over to Bell, we had another quarter of solid growth with revenue up 6% from a year ago, driven by increased military and commercial revenue.”

“Through the first half of the year, Systems generated revenue growth of 10%, reflecting positive momentum in the segment.”

“Segment profit was $165 million in the second quarter, down $5 million or 3% from a year ago, primarily due to an unfavorable impact from manufacturing inefficiencies and lower aircraft volume mix, partially offset by lower warranty costs.”

“Segment profit of $75 million was down $5 million or 6% from last year's second quarter, primarily due to an unfavorable impact from program performance and from the mix of military programs, partially offset by lower research and development costs.”

“Segment profit of $44 million was up $4 million or 10% compared with the second quarter of 2025, primarily due to lower research and development costs.”

“Segment profit of $59 million was up $5 million or 9% in the second quarter of 2025, primarily due to higher pricing net of inflation, partially offset by lower volume and mix.”

“To wrap up with guidance, we are reiterating our expected full-year adjusted earnings per share to be in the range of $6.40-$6.60.”

“Absent the receipt of any additional funding and inclusive of other outlook assumptions, our adjusted EPS could be negatively impacted by $0.20-$0.30, and cash flow could be negatively impacted by $150 million-$250 million.”

“Looking at the overall opportunity set that Lisa just highlighted, it's probably worth about $150 million of incremental profit to us, or about 200 basis points, which would then tie to that 20%-25% incremental margins.”

“Just to put a fine point on the other impact to guidance to revenue, if that money doesn't come through, did you say it was $350 million, or what is the revenue impact if the money doesn't come through?”