seekingalpha.com
Textron: A Lot Of "Meh" To Go Around
Textron's Q4 offered mixed results: revenue beat expectations, but margins and profits disappointed, and guidance for earnings and FCF was weaker than anticipated. The MV-75 program offers long-term potential but introduces near-term margin uncertainty and significant incremental investment, with a $60M-$110M charge expected. The bizjet cycle is likely nearing a peak, but there's still upside to deliveries and margins. Systems are in transition, with new training contracts offering upside.
