David Rosenberg on tax rate
From Textron Inc ($TXT) Q1 2025 Earnings Call · · Castify Earnings Call
“Our adjusted effective tax rate for the first quarter 2025 was 15.3%. For the full year, we still expect a rate of 18%.”
On , David Rosenberg, Executive VP & CFO at Textron Inc, spoke about tax rate during Textron Inc ($TXT) Q1 2025 Earnings Call on Castify Earnings Call.
About David Rosenberg
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%.