Textron Reports Second Quarter 2020 Results

Thursday, 30 July 2020, 12:30:00
PROVIDENCE, R.I.–(BUSINESS WIRE)–Textron Inc. (NYSE: TXT) today reported second quarter 2020 net loss of $0.40 per share, compared to income of $0.93 per share in the second quarter of 2019. Adjusted net income, a non-GAAP measure, was $0.13 per share for the second quarter of 2020. Adjusted net income excludes $78 million of pre-tax special charges ($0.29 per share, after-tax) related to the restructuring plan announced in June and a non-cash inventory valuation charge of $55 million ($0.24
— Business Wire

Textron declares $0.02 dividend (NYSE:TXT)

Monday, 27 July 2020, 22:44:23
Textron (NYSE:TXT) declares $0.02/share quarterly dividend, in line with previous. Forward yield 0.23% Payable Oct. 1; for shareholders of record Sept. 11;
— Seeking Alpha

Textron Declares Quarterly Dividend

Monday, 27 July 2020, 22:35:00
PROVIDENCE, R.I.–(BUSINESS WIRE)–Textron Inc. declares quarterly dividend of $0.02 per share on the company’s Common Stock.
— Business Wire

Textron : Bell 505 Receives Type Acceptance in Tanzania | MarketScreener

Monday, 27 July 2020, 15:51:14
Fort Worth, TX Bell Textron Inc., a Textron Inc. company, announced today the Bell 505 has been accepted by the Tanzania Civil Aviation Authority for airworthiness certification in the… | July 27, 2020
— MarketScreener

Global exports in aerospace products and parts before and during the COVID-19 pandemics

Thursday, 2 July 2020, 09:45:28
Key points: The global exports of aerospace products and parts amounted to USD 145.4 billion in 2005 and rose to USD 351.6 billion in 2019 The CAGR over the period 2005-19 for the value of global exports was equal to + 6.5% Already 2019 proved to be a sluggish year with global exports of the aerospace industry growing by 4.5% year-on-year in comparison to 6.3% in 2018 The top five aerospace industry exporters in 2019 included France, Germany, the UK, the US, and Singapore COVID-19 brough a dramatic decrease in demand and production and global value of exports The value of industrial production of the aerospace products and parts in the US estimated by the FSB went downto 89.3% in Q1 2020 and plummeted to 56.5% in Q2 2020 in comparison to the benchmark year 2012; FSB predicts the production to take a decade to recover to pre-COVID-19 levels In Q1 2020 the value of global exports of aerospace products and parts fell to USD 75,854 billion which represents a fall of 8.0% year-on-year and a fall of 22.3% in comparison to the preceding quarter Knowing the shape of the pandemic curve from the beginning of the year and the actions taken globally and by individual states, we can expect a further deterioration in global exports in the Q2 of 2020.
— IHS Markit