Textron Inc ($TXT) Q1 2025 Earnings Call
TXT - Earnings call Q1 2025.
Executive VP & CFO, Textron
Search every verified David Rosenberg interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. David Rosenberg, Executive Vice President and CFO of Textron, participated in the company’s first, second, and third quarter 2025 earnings calls. During the Q3 2025 call, he reported revenues of $3.6 billion, up 5% from the prior year, and noted that the company repurchased approximately 2.6 million shares in the quarter. He stated that the adjusted effective tax rate for Q3 2025 was 25.5%, attributing it largely to the impact of the One Big Beautiful Bill Act, and said the full-year rate was expected to be approximately 21%. Rosenberg reaffirmed the full-year adjusted earnings per share outlook of $6 to $6.20 and manufacturing cash flow before pension contributions of $800 to $900 million. In the Q2 2025 call, Rosenberg reported revenues of $3.7 billion, up 5.4% year-over-year, and segment profit of $346 million. He said the company increased its expected full-year manufacturing cash flow before pension contributions to a range of $900 million to $1 billion, citing the estimated impact of recently enacted tax legislation. He described the tax bill as “a very good thing,” stating it would provide a significant cash impact for several years and that bonus depreciation was positive for customers purchasing large capital assets. In the Q1 2025 call, Rosenberg reported revenues of $3.3 billion and segment profit of $280 million, and said the company repurchased approximately 2.9 million shares. He noted an adjusted effective tax rate of 15.3% for the quarter and a full-year expectation of 18%.
“During the quarter, we repurchased approximately 2.9 million shares, returning 215 million in cash to shareholders.”
“We are reaffirming our expected full year adjusted earnings per share to be in a range of $6 to $6.20. We also expect full year manufacturing cash flow before pension contributions of 800 to 900 million.”
“Our adjusted effective tax rate for the first quarter 2025 was 15.3%. For the full year, we still expect a rate of 18%.”
“We are increasing our expected full year manufacturing cash flow before pension contributions to be in the range of 900 million to 1 billion up from our previous range of 800 to 900 million. This reiterated adjusted EPS outlook and increased cash outlook incorporates the estimated impact associated with recently enacte...”
The labor market may look resilient — but David Rosenberg says the cracks are already forming. In this clip, Rosenberg explains why small businesses are shedding jobs, why hiring rates have collapsed, and how weakening data from the JOLTS and Challenger surveys signal rising layoff risk ahead. With hiring so depleted, Rosenberg warns that even a modest increase in firings could trigger multi-month declines in payroll growth, challenging the narrative of a strong job market. 💡Investment Concerns? Get a free portfolio review with Wealthion’s endorsed financial advisors at https://wealthion.com/…
💡Think “buy the dip” may no longer be enough? Get a free portfolio review with Wealthion’s endorsed financial advisors: https://bit.ly/48WIKnY The business cycle is dead. Bear markets are no more. Recessions, eliminated. At least, that’s how many investors view the market. But are these safe assumptions? In this interview with James Connor, economist David Rosenberg pushes back on these dangerous beliefs in investing today. He explains how complacency, hubris, and overconfidence have replaced risk management and why history suggests markets are ignoring forces they can’t repeal, no matter ho…
Textron Inc (TXT) - David Rosenberg, CFO, presents at the Gabelli 31st Aerospace & Defense Symposium; introduced by LtCol ...
Textron Inc (TXT) - David Rosenberg, CFO, presents at the Gabelli 31st Aerospace & Defense Symposium; introduced by LtCol ...
David Rosenberg, founder and president of Rosenberg Research and one of the most famous bond bulls in finance, is getting nervous. In this special interview with Maggie Lake, he discusses the scenario where he will “very quickly pull the plug on my bond call,” why the next recession will be the worst in history, how passive investing and wealth concentration are creating a fragile economic environment, and how he’s thinking about the upcoming US election. This one’s not for the faint-hearted... Recorded on October 17, 2024. Don't miss out on future episodes - get on the list here: https://mag…
On today's episode of On The Margin, David Rosenberg Founder and President of Rosenberg Research & Associates joins the show for a discussion on the mounting recessionary headwinds that signal towards a recession in the second half of 2023. Arguing that "recession is a 2023 story", David walks through the leading indicators that suggest a slowdown could be on the very near horizon. To hear all this and more, you'll have to tune in! -- Follow David: / econguyrosie Follow On The Margin: / onthemarginpod Follow Mike: / mikeippolito_ Follow Blockworks: / blockworks_ — Lightspeed Po…
Ted Oakley interviewed David Rosenberg of Rosenberg Research with his thoughts on banking situations, interest rates, recessions, and the stock and bond markets. To speak to a portfolio manager at Oxbow Advisors click this link: http://bit.ly/3Tg0YIS Visit http://www.oxbowadvisors.com/books/ for a complimentary copy of one of Ted Oakley's books. In his latest "Your Money Mentality" Link: https://bit.ly/your-money-mentality-T... Ted explains how investing is not linear and that successful investing sometimes goes against conventional wisdom. From Oakley's years of experience, he walks investo…
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