Textron posts $309M profit in 2020

TEXTRON INC. reported a profit of $309 million profit in 2020, a decline from $815 million one year prior. / COURTESY TEXTRON AVIATION
TEXTRON INC. reported a profit of $309 million profit in 2020, a decline from $815 million one year prior. / COURTESY TEXTRON AVIATION
PROVIDENCE – Textron Inc. reported a $309 million profit in 2020, a decline from $815 million one year prior, the company announced Wednesday. Earnings per diluted share were $1.35, compared with $3.50 in 2019. Yearly revenue totaled $11.6 billion, a decline from $13.6 million one year prior. Segment revenues: Textron Aviation reported a $4 billion…

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