PROVIDENCE – Textron Inc. earned a profit of $183 million in the second quarter of 2021, or 81 cents per diluted share, the company reported Thursday.
One year prior, the company reported a loss of $92 million, or 40 cents per diluted share.
Quarterly revenue totaled $3.2 billion, a rise from $2.5 billion one year prior.
- The company’s Textron Aviation segment, which manufactures jets and commercial turboprop planes, reported a profit of $96 million, a turnaround from a loss of $66 million one year prior.
- The company’s Bell segment, which manufactures helicopters, reported a profit of $110 million, a decline from $118 million one year prior.
- The Textron Systems segment reported a profit of $48 million, a rise from $37 million one year prior.
- The company’s industrial segment reported a profit of $32 million, after a $11 million loss one year prior.
“In the quarter, we saw higher revenue across all our manufacturing segments, good execution with solid margin performance at Systems, Bell and Aviation, and strong cash generation,” said Textron Chairman and CEO Scott C. Donnelly.
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The company also said that it returned $196 million to shareholders through share repurchases in the second quarter.
