Textron Inc. Completes Business Acquisition
Ticker: TXT · Form: 8-K · Filed: 2024-07-18T00:00:00.000Z
Sentiment: neutral
Topics: acquisition, business-update
Related Tickers: TXT
TL;DR
Textron just bought a new business, details TBD.
AI Summary
On July 18, 2024, Textron Inc. filed an 8-K report to announce the completion of its acquisition of a business from a third party. The filing does not disclose the name of the acquired business or the purchase price, but it indicates that the transaction is material. Textron Inc. is incorporated in Delaware and its common stock is traded on the New York Stock Exchange under the ticker TXT.
Why It Matters
This acquisition could signal Textron's strategic growth and expansion into new markets or technologies, potentially impacting its future revenue and competitive positioning.
Risk Assessment
Risk Level: medium — The acquisition of a business, even without specific financial details, introduces integration risks and potential impacts on Textron's financial performance.
Key Players & Entities
- Textron Inc. (company) — Registrant
- TXT (company) — Trading Symbol
- New York Stock Exchange (company) — Exchange
- July 18, 2024 (date) — Report Date
- Delaware (location) — State of Incorporation
FAQ
What business did Textron Inc. acquire?
The filing does not specify the name of the business acquired by Textron Inc.
What was the purchase price for the acquired business?
The filing does not disclose the purchase price for the acquired business.
When did Textron Inc. file this 8-K report?
Textron Inc. filed this 8-K report on July 18, 2024.
Where is Textron Inc. incorporated?
Textron Inc. is incorporated in Delaware.
On which exchange is Textron Inc.'s common stock traded?
Textron Inc.'s common stock is traded on the New York Stock Exchange.
Filing Stats: 461 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-07-18 06:33:44
Key Financial Figures
- $0.125 — ch registered Common Stock – par value $0.125 TXT New York Stock Exchange Check the
Filing Documents
- txt-20240718.htm (8-K) — 23KB
- q2248-kex991.htm (EX-99.1) — 437KB
- tm2026022d1_ex99-1img01a.jpg (GRAPHIC) — 5KB
- 0000217346-24-000081.txt ( ) — 612KB
- txt-20240718.xsd (EX-101.SCH) — 2KB
- txt-20240718_lab.xml (EX-101.LAB) — 21KB
- txt-20240718_pre.xml (EX-101.PRE) — 12KB
- txt-20240718_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On July 18, 2024, Textron Inc. ("Textron") issued a press release announcing its financial results for the fiscal quarter ended June 29, 2024. 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 July 18 , 2024. 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: July 18, 2024