Textron Inc Intrinsic Value – TEXTRON INC Reports Q2 FY2023 Earnings Results for Period Ending June 30 2023
August 1, 2023
🌥️Earnings Overview
On July 27 2023, TEXTRON INC ($NYSE:TXT) announced their financial results for the second quarter of FY2023, which ended June 30 2023. The total revenue for the quarter was USD 6448.0 million, representing a 104.4% increase from the same period in the previous year. Moreover, the company’s net income rose by 109.2% to USD 454.0 million year-over-year.
Share Price
On Thursday, TEXTRON INC reported its Q2 FY2023 earnings results for the period ending June 30 2023. TEXTRON INC opened for trading at $72.5 and closed at $76.5, an 11.9% increase from its last closing price of 68.4. This is great news for TEXTRON INC shareholders, demonstrating an impressive growth in the company’s operations since the end of the previous quarter. TEXTRON INC CEO Scott Donnelly commented that the company was especially proud of its performance in the second quarter, and pointed to progress in its key strategic initiatives as helping to drive such positive results.
Looking forward, the company expects continued growth, and is optimistic about the future of its business and the industries it serves. Overall, this is a positive report for TEXTRON INC, reflecting both its current and future potential. Investors should be encouraged by the company’s performance in the second quarter, and look forward to continued development in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Textron Inc. More…
| Total Revenues | Net Income | Net Margin |
| 13.16k | 905 | 6.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Textron Inc. More…
| Operations | Investing | Financing |
| 1.33k | -329 | -1.1k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Textron Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.48k | 9.45k | 34.88 |
Key Ratios Snapshot
Some of the financial key ratios for Textron Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.6% | 11.7% | 8.8% |
| FCF Margin | ROE | ROA |
| 7.2% | 10.3% | 4.4% |
Analysis – Textron Inc Intrinsic Value
At GoodWhale, we have conducted an analysis of TEXTRON INC‘s fundamentals. Our proprietary Valuation Line has calculated the intrinsic value of TEXTRON INC share to be around $72.6. Currently, TEXTRON INC stock is traded at $76.5, slightly overvalued by 5.4%. We believe the stock is still fairly priced and could be a good buy for investors looking for long-term gains. More…
Peers
The competition between Textron Inc and its competitors is intense. Each company is vying for market share and customer loyalty. They are all fighting for the same thing: to be the best in the industry. This competition is good for the consumer because it drives innovation and efficiency. It also keeps prices down.
– Optex Systems Holdings Inc ($OTCPK:OPXS)
Optex Systems Holdings Inc is a publicly traded company that designs, manufactures, and sells optical sighting and surveillance products for military, law enforcement, and commercial applications. The company has a market capitalization of $18.39 million and a return on equity of 2.52%. Optex Systems’ products include red dot sights, night vision sights, thermal imaging sights, and laser aiming devices. The company’s products are used by the US military, NATO, and other allied forces around the world.
– General Dynamics Corp ($NYSE:GD)
General Dynamics Corporation is an American aerospace and defense conglomerate formed by mergers and divestitures. It is the world’s fifth-largest defense contractor, according to Defense News’ 2019 ranking, and the sixth-largest by revenue. The company ranked No. 98 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. It is headquartered in Reston, Virginia.
General Dynamics’ main business units are Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The company has eight major business segments: Aerospace, Combat Systems, Information Technology, Mission Systems, Marine Systems, GD Electric Boat, General Dynamics Ordnance and Tactical Systems, and Gulfstream Aerospace.
General Dynamics Corporation is an American aerospace and defense conglomerate formed by mergers and divestitures. It is the world’s fifth-largest defense contractor, according to Defense News’ 2019 ranking, and the sixth-largest by revenue. The company ranked No. 98 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. It is headquartered in Reston, Virginia.
General Dynamics’ main business units are Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The company has eight major business segments: Aerospace, Combat Systems, Information Technology, Mission Systems, Marine Systems, GD Electric Boat, General Dynamics Ordnance and Tactical Systems, and Gulfstream Aerospace.
General Dynamics Corporation is an American aerospace and defense conglomerate formed by mergers and divestitures. It is the world’s fifth-largest defense contractor, according to Defense News’ 2019 ranking, and the sixth-largest by revenue. The company ranked No. 98 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. It is headquartered in Reston, Virginia.
General Dynamics’ main business units are Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The company has eight major business segments: Aerospace, Combat Systems, Information Technology, Mission Systems, Marine Systems, GD Electric Boat, General Dynamics Ordnance and Tactical Systems, and Gulfstream Aerospace.
– Hexcel Corp ($NYSE:HXL)
Hexcel Corporation is a leading advanced composites company. They develop, manufacture and market lightweight, high-performance structural materials, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures, used in commercial aerospace, space and defense, and industrial applications.
Hexcel’s market cap is 4.72B as of 2022. The company has a Return on Equity of 6.26%.
Hexcel Corporation is a leading provider of advanced composites materials. The company develops, manufactures and markets lightweight, high-performance structural materials, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures. Hexcel’s composites are used in commercial aerospace, space and defense, and industrial applications.
Summary
TEXTRON INC recently reported their second quarter earnings results for FY2023, ending June 30 2023. Total revenue for the quarter was USD 6448.0 million, a 104.4% increase compared to the same period last year, and net income was USD 454.0 million, a 109.2% increase year over year. The stock price responded positively and moved up the same day. This news is likely to be encouraging to investors, suggesting a high growth potential in the company.
TEXTRON INC is worth monitoring due to its impressive revenue and income growth as well as its stock performance. Investors may find that this company could be a valuable addition to their portfolio.
