Aerospace Group:

Business/Financial

Helicopters, Industrial Business Boost Textron’s Third Quarter Results

Defense Daily Staff

Thursday, October 18th, 2012

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Textron [TXT] yesterday reported higher net income and sales in its third quarter driven by strong results at its Bell segment, higher industrial sales and a swing to an operating profit in its Finance segment. Net income increased 6 percent to $151 million, 51 cents earnings per share (EPS), from $142 million (47 cents EPS). Excluding profits from discontinued operations, earnings in the quarter were 48 cents EPS, three cents below analysts’ expectations. Sales increased nearly 7 percent to $3…

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