文章核心观点 - 公司在第二季度业绩发布后股价下跌,这可能不再令人意外[1] - 公司的投资研究分析师擅长解读行业新闻、事件、财报等,发现潜在的投资机会和风险[1] 公司概况 - 公司是一家投资银行,从业经验10年,专注于行业和公司研究[1] - 公司擅长解读各种新闻、事件、财报等,发现潜在的投资机会和风险[1] 行业概况 - 公司所在的航空航天、国防和航空公司行业具有显著的增长前景[1] - 公司的投资分析师提供了对这个复杂行业的分析,并解释了行业动态如何影响投资主题[1] 投资策略 - 公司的投资分析师的投资理念是基于数据驱动的分析[1] - 公司还提供了直接访问数据分析监控的服务[1]

Investors interested in Aerospace - Defense stocks are likely familiar with Textron (TXT) and RTX (RTX) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our ...

Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...

文章核心观点 - 价值投资是发现优质股票的有效方式之一 [1] - 投资者可以结合Zacks Rank和Style Scores系统来识别价值股 [1] 公司分析 - 公司Textron (TXT)当前具有Zacks Rank 2(买入)和A级价值评分 [2] - 公司估值指标显示其股价被低估 - 市盈率(P/E)为12.85,低于行业平均19.27 [2] - 市盈率/预期增长率(PEG)为1.28,低于行业平均1.69 [2] - 市净率(P/B)为2.39,低于行业平均4.46 [3] - 市销率(P/S)为1.2,低于行业平均1.87 [3] - 市现率(P/CF)为12.84,低于行业平均30.42 [4] 行业分析 - 公司所处行业整体估值水平较高 [2][3][4] - 公司相比行业具有较强的估值优势 [2][3][4]

HUNT VALLEY, Md. and MOUNTAIN VIEW, Calif., Sept. 18, 2024 /PRNewswire/ -- Textron Systems Corporation, a Textron Inc. (NYSE:TXT) company, a leading developer of crewed and uncrewed military ground vehicles, and Kodiak Robotics, Inc., a leading self-driving technology developer for the trucking and defense markets, announced today that they have integrated the Kodiak Driver, Kodiak's self-driving system, into Textron's Systems' RIPSAW® M3 vehicle. The RIPSAW M3 vehicle, equipped with the Kodiak Driver, is a ...

Textron Inc. (TXT) recently revealed the successful shipment of its Beechcraft T-6C Texan II Operational Flight Trainer (“OFT”) to the Tunisian Air Force. Two Avionics Desktop Trainings, a Computer-Based Training Lab with eight workstations and field services are among the other elements supplied with the OFT.After all eight Beechcraft T-6C Texan II aircraft are delivered to the Tunisian Air Force, the OFT will be utilized for pilot and maintenance professional training.Significance of TXT’s Beechcraft T-6C ...

WASHINGTON, DC - OCTOBER 11: A Bell Textron Inc. display is seen at the Association of the U.S. Army ... [+] (AUSA) Annual Meeting's exposition hall at the Walter E. Washington Convention Center on October 11, 2023 in Washington, DC. (Photo by Kevin Dietsch/Getty Images)Getty ImagesTextron (NYSE: TXT) recently reported its Q2 results, with the top line aligning and the bottom-line exceeding our estimates. The company reported revenues of $3.5 billion and adjusted earnings of $1.54 per share, compared to our ...

Textron Inc. (TXT) reported second-quarter 2024 adjusted earnings of $1.54 per share, which surpassed the Zacks Consensus Estimate of $1.49 by 3.4%. The bottom line also improved 5.5% from the year-ago quarter’s figure of $1.46 per share.The company reported GAAP earnings of $1.35 per share, up from $1.30 per share registered in the second quarter of 2023.RevenuesTXT reported total revenues of $3.53 billion, which missed the Zacks Consensus Estimate of $3.55 billion by 0.6%. However, the reported figure inc ...

财务数据和关键指标变化 - 第二季度收入为35亿美元,较去年同期的34亿美元有所增长 [6] - 第二季度调整后持续经营利润为每股1.54美元,较去年同期的1.46美元有所增长 [6] - 第二季度制造业营运现金流(不含养老金缴款)为3.2亿美元,较去年同期的2.42亿美元有所增长 [6] 各条业务线数据和关键指标变化 - 航空业务收入为15亿美元,较去年同期增加1.13亿美元,主要由于定价上涨5700万美元和销量及产品组合改善5600万美元 [15] - 航空业务利润为1.95亿美元,较去年同期增加2400万美元,主要由于销量及产品组合改善3500万美元和价格上涨抵消通胀的影响2200万美元,部分被业绩不佳的影响3300万美元所抵消 [15] - 贝尔业务收入为7.94亿美元,较去年同期增加9300万美元,主要由于军用业务量增加1.04亿美元 [16] - 贝尔业务利润为8200万美元,较去年同期增加1700万美元,主要由于业绩改善3900万美元(包括研发成本降低),部分被产品组合不利影响所抵消 [16] - 泰克斯特朗系统业务收入为3.23亿美元,较去年同期增加1700万美元,主要由于销量增加1400万美元 [16] - 泰克斯特朗系统业务利润为3500万美元,较去年同期下降200万美元 [16] - 工业业务收入为9.14亿美元,较去年同期下降1.12亿美元,主要由于销量及产品组合下降1.19亿美元 [17] - 工业业务利润为4200万美元,较去年同期下降3700万美元,主要由于销量及产品组合下降 [17] 各个市场数据和关键指标变化 - 航空业务在商用涡桨飞机和喷气式飞机交付方面表现良好,分别交付44架和42架,而去年同期分别为37架和44架 [7] - 航空业务的售后市场收入增长13% [7] - 贝尔业务在商用直升机交付方面有所下降,从去年同期的35架降至32架 [10] 公司战略和发展方向及行业竞争 - 航空业务继续推进新机型Ascend的研发,该机型已完成首次合格生产试飞 [14] - 航空业务完成了对Amazilia Aerospace的收购,将其数字飞行控制、飞行指引和车载管理系统技术整合到公司新机型如Nuuva和Surveyor中 [14] - 贝尔业务在FLRAA(未来长程攻击航空器)和DARPA高速垂直起降飞机项目上取得进展 [11] - 泰克斯特朗系统业务在FTUAS(未来战术无人机系统)和陆军无人战车竞标中取得进展 [12] 管理层对经营环境和未来前景的评论 - 公司整体业务需求保持强劲,航空业务订单持续旺盛,实现了1.18亿美元的订单增长 [8] - 尽管供应链问题仍然存在,但公司正在通过各种方式应对,包括提高生产效率和成本控制等,维持了较好的利润水平 [27][28][29] - 公司预计下半年工业业务的利润率将会有所改善,主要通过成本削减措施来应对需求下滑 [53][54] 其他重要信息 - 公司在第二季度回购了约410万股股票,共计返还3.58亿美元现金给股东 [18] - 公司在第二季度完成了对Amazilia Aerospace的收购,该公司在数字飞行控制等领域拥有专业技术 [14] 问答环节重要的提问和回答 问题1 **Peter Arment 提问** 询问航空业务的订单情况和定价以及售后市场表现 [20][21][22] **Scott Donnelly 回答** - 航空业务订单持续旺盛,保持了接近1:1的订单增长 - 定价和售后市场表现良好,售后市场收入增长13% [21][22] 问题2 **David Strauss 提问** 询问航空和贝尔业务的供应链情况 [26][27][28][29] **Scott Donnelly 回答** - 供应链问题仍然存在,但公司正在采取措施应对,包括提高生产效率等 [27][28][29] 问题3 **Myles Walton 提问** 询问航空业务的业绩指标中"业绩"项目的变化原因 [43][44][45] **Scott Donnelly 回答** - "业绩"项目包含多方面因素,既有一些生产效率相关的问题,也有随着业务增长而增加的销售佣金、研发投入等正常支出 [44][45]

Q2 2024 Earnings Call Presentation JULY 18TH, 2024 The data in this package should be read in conjunction with the Textron earnings release and accompanying tables. © 2024 TEXTRON INC. 1 Forward-looking Information Certain statements in this package and other oral and written statements made by Textron from time to time are forward-looking statements, including those that discuss strategies, goals, outlook or other non-historical matters; or project revenues, income, returns or other financial measures. The ...