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Textron Inc   (TXT)
Other Ticker:  
 
    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods
 

TXT's Net Income Growth by Quarter and Year

Textron Inc 's Net Income results by quarter and year




TXT Net Income (in millions $) FY 2022 FY 2021 FY 2020 FY 2019
IV Quarter January - 17.00 -502.00 461.00
III Quarter October - 185.00 231.00 496.00
II Quarter July - 183.00 119.00 391.00
I Quarter April 193.00 361.00 -533.00 311.00
FY   193.00 746.00 -685.00 1,659.00



TXT Net Income first quarter 2022 Y/Y Growth Comment
Textron Inc reported drop in Net Income in the first quarter 2022 by -46.54% to $ 193.00 millions, from the same quarter in 2021.
The fall in the first quarter 2022 Textron Inc 's Net Income compares unfavorably to the Company's average Net Income growth of 8.16%.

Looking into first quarter 2022 results within Aerospace & Defense industry 5 other companies have achieved higher Net Income growth. While Textron Inc ' s Net Income meltdown of -46.54% ranks overall at the positon no. 465 in the first quarter 2022.




TXT Net Income ( Y/Y Growth %) 2022
2021 2020 2019
IV Quarter January - - - -18.12 %
III Quarter October - -19.91 % -53.43 % 121.43 %
II Quarter July - 53.78 % -69.57 % 106.88 %
I Quarter April -46.54 % - - -
FY   - - - 90.69 %

Financial Statements
Textron Inc 's first quarter 2022 Net Income $ 193.00 millions TXT's Income Statement
Textron Inc 's first quarter 2021 Net Income $ 361.00 millions Quarterly TXT's Income Statement
New: More TXT's historic Net Income Growth >>


TXT Net Income (Quarter on Quarter Growth %)

2022
2021 2020 2019
IV Quarter January - -90.81 % - -7.06 %
III Quarter October - 1.09 % 94.12 % 26.85 %
II Quarter July - -49.31 % - 25.72 %
I Quarter April 1035.29 % - - -44.76 %
FY (Year on Year)   - - - 90.69 %




Net Income first quarter 2022 Y/Y Growth Company Ranking
Within: No.
Aerospace & Defense Industry #6
Capital Goods Sector #47
Overall #465

Net Income Y/Y Growth Statistics
High Average Low
228.63 % 8.16 % -92.67 %
(Jan 01 2022)   (June 30. 2009)
Net Income first quarter 2022 Y/Y Growth Company Ranking
Within: No.
Aerospace & Defense Industry #6
Capital Goods Sector #47
Overall #465
Net Income Y/Y Growth Statistics
High Average Low
228.63 % 8.16 % -92.67 %
(Jan 01 2022)   (June 30. 2009)

Net Income by Quarter for the Fiscal Years 2019, 2020, 2021, 2022

Textron Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
1035.29 % 34.68 % -90.81 %
(Apr 02 2022)  


TXT's I. Quarter Q/Q Net Income Comment
Textron Inc achieved in the I. Quarter 2022 above company average sequential Net Income doubling of 1035.29%, to $ 193.00 millions, from $17.00 millions in the forth quarter.
TXT is undergoing a remarkable growth, not only reporting above average growth, and also increasing pace, Isla  Wright, market contributor based in Chicago mentioned.

Within Aerospace & Defense industry Textron Inc achieved highest sequential Net Income growth. While Textron Inc 's Net Income growth quarter on quarter, overall rank is 4.


Net Income Q/Q Growth Company Ranking
Within: No.
Aerospace & Defense Industry #1
Capital Goods Sector #1
Overall #4
Net Income Q/Q Growth Company Ranking
Within: No.
Aerospace & Defense Industry #1
Capital Goods Sector #1
Overall #4
Net Income Q/Q Growth Statistics
High Average Low
1035.29 % 34.68 % -90.81 %
(Apr 02 2022)  


TXT's I. Quarter Q/Q Net Income Comment
Textron Inc achieved in the I. Quarter 2022 above company average sequential Net Income doubling of 1035.29%, to $ 193.00 millions, from $17.00 millions in the forth quarter.
Textron Inc is impressively improving, not just recording above regular increase, and additionally increasing pace.

Within Aerospace & Defense industry Textron Inc achieved highest sequential Net Income growth. While Textron Inc 's Net Income growth quarter on quarter, overall rank is 4.


Textron Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Apr 02 2022)
12 Months Ending
(Jan 01 2022)
12 Months Ending
(Oct 02 2021)
12 Months Ending
(Jul 03 2021)
12 Months Ending
(Apr 03 2021)
Cumulative Net Income 12 Months Ending $ 578.00 $ 746.00 $ 227.00 $ 273.00 $ 209.00
Y / Y Net Income Growth (TTM) 176.56 % - -18.35 % -49.72 % -74.36 %
Year on Year Net Income Growth Overall Ranking # 48 # 0 # 1596 # 1702 # 663
Seqeuential Net Income Change (TTM) -22.52 % 228.63 % -16.85 % 30.62 % -
Seq. Net Income Growth (TTM) Overall Ranking # 465 # 25 # 498 # 630 # 0




Cumulative Net Income growth Comment
Textron Inc saw improvement in Net Income growth trend, posting cumulative 12 months Net Income growth of 176.56% year on year, to $ 578 millions if the fiscal year would have ended in Apr 02 2022.
Textron Inc 's trailing twelve months Net Income growth was higher than company's average 46.82% and higher than % growth in Jan 01 2022.

Among companies within the Capital Goods sector 3 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 0 to 48.

Net Income TTM Q/Q Growth Statistics
High Average Low
228.63 %
8.16 %
-92.67 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Aerospace & Defense Industry # 6
Capital Goods Sector # 4
Overall # 48

Net Income TTM Y/Y Growth Statistics
High Average Low
773.33 %
46.82 %
-97.5 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 6
Sector # 47
S&P 500 # 465
Cumulative Net Income growth Comment
Textron Inc saw improvement in Net Income growth trend, posting cumulative 12 months Net Income growth of 176.56% year on year, to $ 578 millions if the fiscal year would have ended in Apr 02 2022.
Textron Inc 's trailing twelve months Net Income growth was higher than company's average 46.82% and higher than % growth in Jan 01 2022.

Among companies within the Capital Goods sector 3 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 0 to 48.

Net Income TTM Q/Q Growth Statistics
High Average Low
228.63 %
8.16 %
-92.67 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Aerospace & Defense Industry # 6
Capital Goods Sector # 4
Overall # 48

Net Income TTM Y/Y Growth Statistics
High Average Low
773.33 %
46.82 %
-97.5 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 6
Sector # 47
S&P 500 # 465




Other Net Income Growth
Aerospace & Defense Industry Net Income Growth Trends and Statistics
Capital Goods Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
TXT's Net Income Growth Ratio versus Aerospace & Defense Industry, Capital Goods Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for TXT's Competitors
Net Income Growth for Textron Inc 's Suppliers
Net Income Growth for TXT's Customers

You may also want to know
TXT's Annual Growth Rates TXT's Profitability Ratios TXT's Asset Turnover Ratio TXT's Dividend Growth
TXT's Roe TXT's Valuation Ratios TXT's Financial Strength Ratios TXT's Dividend Payout Ratio
TXT's Roa TXT's Inventory Turnover Ratio TXT's Growth Rates TXT's Dividend Comparisons



Companies with similar Net Income doubling for the quarter ending Apr 02 2022 within Capital Goods SectorY/Y Change %Net Income for the quarter ending Apr 02 2022
Cognex Corp-3.60%$ -3.601 millions
Trimble Inc -3.75%$ -3.752 millions
The Middleby Corporation-3.93%$ -3.930 millions
Leidos Holdings Inc -13.66%$ -13.659 millions
Enovis Corp-19.46%$ -19.461 millions
Sturm Ruger and Company Inc -20.84%$ -20.842 millions
Moog Inc -40.26%$ -40.258 millions
Textron Inc -46.54%$ -46.537 millions
Integer Holdings Corporation-47.18%$ -47.179 millions
The Eastern Company-48.12%$ -48.116 millions
Kaman Corporation-49.55%$ -49.549 millions
Spectrum Brands Holdings Inc -55.18%$ -55.182 millions
Spx Corp-57.46%$ -57.463 millions
National Presto Industries Inc-67.59%$ -67.586 millions


       
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