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Textron releases Q2 financial results

Snow Goer staff

A press release Wednesday reported the Fiscal Year 2017 second quarter financial earnings for Textron Inc., it’s second since officially merging with Arctic Cat.

According to the report, revenue increased by $3.6 billion, or 2.6 percent, over the same time period last year.

“Revenues were up in the quarter primarily driven by the Arctic Cat acquisition,” said Scott C. Donnelly, Textron chairman and CEO. “We saw strong performance at Bell and were encouraged by the continued strengthening in commercial helicopter demand.”

Income from continuing operations rose from $0.57 per share to $0.66 per share in the second quarter of 2016.

Net cash from operating activities of the manufacturing group totaled $413 million compared to $107 million in last year’s second quarter.

“We saw strong year over year cash performance principally driven by improvements in working capital. We are continuing to invest in our businesses, while taking the opportunity to buy back shares,” Donnelly said.

2 comments

  1. Are they still going to be partnered with Yamaha ?

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