Textron (TXT) Revenue — Quarter Ended Mar 30, 2024
Revenue for the reporting quarter declined compared with the immediately preceding quarter. However, it increased relative to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 30, 2024 · FY2024 Q1
Revenue for the reporting quarter declined compared with the immediately preceding quarter. However, it increased relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.1B
Revenue reported for this quarter.
Quarter-over-quarter
-19.5%
Change from the immediately preceding quarter.
Year-over-year
+3.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 1, 2023 | $3.4B | +8.6% |
| Sep 30, 2023 | $3.3B | +8.6% |
| Dec 30, 2023 | $3.9B | +7.0% |
| Mar 30, 2024 | $3.1B | +3.7% |
Revenue performance
The reported revenue moved lower from the prior quarter, reflecting a sequential contraction. The trailing twelve-month revenue remained above the current quarter's level.
Quarterly comparison
Compared with the previous quarter, revenue was lower, while compared with the same quarter a year ago, revenue was higher. The sequential decline contrasts with the year-over-year gain.
What to watch
The filing notes risks related to U.S. government funding and defense budget changes, which could affect future performance.