Textron Files 8-K on Financial Results, Operations
Ticker: TXT · Form: 8-K · Filed: 2024-01-24T00:00:00.000Z
Sentiment: neutral
Topics: earnings, financial-condition, results-of-operations
TL;DR
**Textron just dropped its financial results, get ready for potential stock movement.**
AI Summary
Textron Inc. filed an 8-K on January 24, 2024, to report its results of operations and financial condition. This filing, under Items 2.02 and 9.01, indicates that the company is disclosing its financial performance, likely for the most recent quarter or fiscal year. For investors, this matters because it provides crucial, up-to-date information about Textron's financial health and operational success, which can directly influence stock price and future investment decisions.
Why It Matters
This filing signals that Textron is releasing its latest financial performance data, which is essential for investors to assess the company's profitability and stability.
Risk Assessment
Risk Level: medium — The risk level is medium because while the filing itself is routine, the actual financial results it contains could be positive or negative, impacting the stock.
Analyst Insight
A smart investor would await the full financial results detailed in the exhibits of this 8-K to understand Textron's performance before making any investment decisions.
Key Numbers
- $0.125 — Common Stock par value (This is the stated par value per share of Textron's common stock, as registered on the New York Stock Exchange.)
Key Players & Entities
- TEXTRON INC. (company) — the registrant filing the 8-K
- January 24, 2024 (date) — date of earliest event reported and filing date
- Delaware (company) — state of incorporation for Textron Inc.
- 1-5480 (dollar_amount) — Commission File Number
- 05-0315468 (dollar_amount) — IRS Employer Identification Number
- 40 Westminster Street, Providence, Rhode Island 02903 (company) — principal executive offices address
- (401) 421-2800 (dollar_amount) — registrant's telephone number
- $0.125 (dollar_amount) — par value of Common Stock
- TXT (company) — trading symbol for Textron Inc. Common Stock
- New York Stock Exchange (company) — exchange where Textron's Common Stock is registered
FAQ
What is the purpose of Textron Inc.'s 8-K filing on January 24, 2024?
Textron Inc. filed this 8-K to report on its "Results of Operations and Financial Condition" under Item 2.02 and to provide "Financial Statements and Exhibits" under Item 9.01, indicating a disclosure of recent financial performance.
What is Textron Inc.'s trading symbol and where is its common stock registered?
Textron Inc.'s common stock trades under the symbol 'TXT' and is registered on the New York Stock Exchange.
What is the par value of Textron Inc.'s Common Stock?
The par value of Textron Inc.'s Common Stock is $0.125 per share.
When was the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing was January 24, 2024.
What is the business address and phone number of Textron Inc. as listed in the filing?
Textron Inc.'s business address is 40 Westminster Street, Providence, Rhode Island 02903, and its telephone number is (401) 421-2800.
Filing Stats: 466 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-01-24 06:33:49
Key Financial Figures
- $0.125 — ch registered Common Stock – par value $0.125 TXT New York Stock Exchange Check the
Filing Documents
- txt-20240124.htm (8-K) — 24KB
- q4238-kex991.htm (EX-99.1) — 442KB
- tm2026022d1_ex99-1img01.jpg (GRAPHIC) — 5KB
- 0000217346-24-000014.txt ( ) — 622KB
- txt-20240124.xsd (EX-101.SCH) — 2KB
- txt-20240124_lab.xml (EX-101.LAB) — 23KB
- txt-20240124_pre.xml (EX-101.PRE) — 12KB
- txt-20240124_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On January 24, 2024, Textron Inc. ("Textron") issued a press release announcing its financial results for the fiscal quarter and year ended December 30, 2023. This press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. A discussion of the reasons why management believes that the presentation of non-GAAP financial measures provides useful information to investors regarding Textron's financial condition and results of operations is attached to the press release attached hereto as Exhibit 99.1.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits The following exhibit is filed herewith: Exhibit Number Description 99.1 Press release dated January 2 4 , 202 4 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TEXTRON INC. (Registrant) By: /s/ Mark S. Bamford Mark S. Bamford Vice President and Corporate Controller Date: January 24, 2024