Textron maintains its Q2 2026 earnings outlook while advancing plans to divest its Industrial segment and fund the MV-75 program internally.
Textron reaffirmed its full-year earnings per share guidance of $6.40 to $6.60 for Q2 2026. The company reported a 3% revenue increase in the second quarter, driven by operational adjustments following its decision to separate the Industrial segment.
Management highlighted efforts to streamline operations and focus on core aviation and defense businesses. The sale process for the Industrial segment remains ongoing, with proceeds expected to support strategic initiatives, including the self-funded MV-75 program.
No immediate market reaction was disclosed in the earnings call summary.