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Textron posts $248M profit in Q2

PROVIDENCE – Textron Inc. reported a $248 million profit in the second quarter, a slight increase from $245 million a year ago.  The company on Tuesday posted...
RED HOT: Heat treater Juan Smith treats pieces of steel at Metallurgical Solutions Inc. in Providence. The company uses controlled heating and cooling processes to change the internal properties of steel to strengthen it and send it back to customers for various applications.
PBN PHOTO/TRACY JENKINS

Meet the Makers: Providence shop bringing new strength to old steel

Editor’s note: This is the 47th installment in a monthly series highlighting some of the region’s unsung manufacturers that make products essential to the...

Textron reports 6% Q1 profit boost; will separate industrial segment

PROVIDENCE – Textron Inc. on Thursday reported first-quarter profit of $220 million and announced its intent to separate its industrial segment.  The first-quarter profit was...
CRISTINA MÉNDEZ, the executive vice president and chief financial officer of Otis Worldwide Corp., has been elected to Textron’s board of directors. She will start Feb. 15. / COURTESY TEXTRON INC.

SEC filing of the week: Otis executive named to Textron’s board...

PROVIDENCE – Cristina Méndez, the executive vice president and chief financial officer at Otis Worldwide Corp., has been elected to Textron Inc.'s board of directors effective...

Textron’s year-end profit climbs 11.7% to $921M

PROVIDENCE – Textron Inc. on Wednesday reported a $921 million profit for 2025, up 11.7% from the $824 million one year prior.  Earnings per diluted...
LISA ATHERTON will be promoted to Textron Inc.'s CEO and president on Jan. 4, the Providence-based company says. COURTESY TEXTRON INC.

Textron names new CEO, reports $234M profit for Q3

PROVIDENCE – Textron Inc. has tabbed Lisa Atherton, chief of the company's Bell segment, to replace longtime Textron CEO and President Scott C. Donnelly...

Textron’s Q2 profit narrows to $245M

PROVIDENCE – Textron Inc. earned a $245 million profit in the second quarter, down from $259 million the year prior, the company said Thursday.  The...

Textron reports $207M profit in Q1, up 3% year over year

PROVIDENCE – Textron Inc. reported a $207 million net income in the first quarter of 2025, a 3% increase from $201 million last year. The...

Textron’s annual profit down 10.6% in 2024

PROVIDENCE – Textron Inc. on Wednesday reported that its net income for 2024 was $824 million, down 10.6% from the $922 million one year...

SEC filing of the week: Textron halts production of Powersports product...

PROVIDENCE – Textron Inc. has paused production of its of Powersports product line within its industrial segment’s specialized-vehicle business due to weak demand.  The maker...
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