TXT News Textron Comments on Fourth Quarter 2006 Earnings Outlook
PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) today announced that it has incurred additional
costs related to its Bell Helicopter H-1 program during the fourth
quarter of 2006. However, stronger financial performance at Cessna,
Textron Systems and Textron Financial, plus a lower tax rate, more than
offset the additional H-1 costs booked in the quarter. This will result
in reported fourth quarter earnings per share from continuing operations
in excess of the company’s previous guidance
range of $1.35 - $1.45.
The company has moved the timing of its fourth quarter earnings release
to 4:00 p.m., Eastern on Wednesday, January 24, 2007, with a conference
call to follow at 4:30 p.m., Eastern. The call will be available via
webcast at www.textron.com or by
direct dial at (888) 428-4474 in the U.S. (Please note this change in
the toll-free call-in number), or (612) 332-0226 outside of the U.S.
Please request the Textron Earnings Call.
The call will be recorded and available for playback beginning at 8:00
p.m., Eastern on Wednesday, January 24, 2007 by dialing (320) 365-3844;
Access Code: 794267.
Textron Inc. is a $10 billion multi-industry company operating in 33
countries with approximately 37,000 employees. The company leverages its
global network of aircraft, industrial and finance businesses to provide
customers with innovative solutions and services. Textron is known
around the world for its powerful brands such as Bell Helicopter, Cessna
Aircraft, Jacobsen, Kautex, Lycoming, E-Z-GO and Greenlee, among others.
More information is available at www.textron.com.
