Textron Q1 revenue rises 12% to $3.7 billion; plans to separate Industrial unit
Textron reported first-quarter 2026 revenue of $3.7 billion, up 12% from a year earlier, and diluted EPS of $1.25 versus $1.13. The company also said it intends to separate its Industrial segment, which includes Kautex and Textron Specialized Vehicles, from its aerospace and defense businesses, with completion targeted within 12 to 18 months and no assurance on timing or structure.
Key points
- Revenue of $3.7 billion, up $389 million; diluted EPS $1.25 vs. $1.13; adjusted EPS $1.45 vs. $1.28
- Manufacturing group cash use of $228 million before pension contributions, vs. $158 million a year earlier
- Textron returned $168 million to shareholders through share repurchases in the quarter
- Industrial separation options include a sale or a tax-free spin-off; completion targeted within 12 to 18 months
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:12 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.