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Article: Textron Reports Third Quarter GAAP EPS of $0.01; $0.12 EPS from Continuing Operations before Special Charges.
- Article from:
- Business Wire
- Article date:
- October 27, 2009
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Further Reduces Finance Managed Receivables by $700 Million
Generates $327 Million Manufacturing Free Cash Flow
PROVIDENCE, R.I. -- Textron Inc. (NYSE: TXT) today reported third quarter 2009 net income of $0.01 per share. Excluding special charges, income from continuing operations was $0.12 per share. Revenues in the quarter were $2.5 billion, down 27 percent from the third quarter of 2008. Managed receivables at the company's finance business were further reduced by $700 million and third quarter manufacturing free cash flow was $327 million.
Textron recorded third quarter pre-tax, special charges of $42 million associated with its ...