Textron (TXT) Revenue — Quarter Ended Jun 29, 2024
Revenue for the reported quarter increased compared with both the preceding quarter and the same quarter one year earlier. The company's filing notes risks related to U.S. government funding and defense budget priorities, which may affect future performance.
Key takeaway
Quarter ended Jun 29, 2024 · FY2024 Q2
Revenue for the reported quarter increased compared with both the preceding quarter and the same quarter one year earlier. The company's filing notes risks related to U.S. government funding and defense budget priorities, which may affect future performance.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.5B
Revenue reported for this quarter.
Quarter-over-quarter
+12.5%
Change from the immediately preceding quarter.
Year-over-year
+3.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.9B
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 |
|---|---|---|
| Sep 30, 2023 | $3.3B | +8.6% |
| Dec 30, 2023 | $3.9B | +7.0% |
| Mar 30, 2024 | $3.1B | +3.7% |
| Jun 29, 2024 | $3.5B | +3.0% |
Revenue performance
Revenue rose from the immediately preceding quarter, and also showed growth compared with the same quarter a year ago.
Quarterly comparison
The sequential increase followed a decline in the prior quarter, while the year-over-year gain was more moderate.
What to watch
Monitor the impact of U.S. government budget decisions and foreign military funding on contract performance.