Textron reports $1.2B profit in 2018

TEXTRON REPORTED $1.2 billion in profit in 2018, in part due to a $419 million post-tax gain from selling its Tools & Test Equipment product line. / COURTESY TEXTRON
TEXTRON REPORTED $1.2 billion in profit in 2018, in part due to a $419 million post-tax gain from selling its Tools & Test Equipment product line. / COURTESY TEXTRON
PROVIDENCE – Textron Inc. reported net income of $1.2 billion for 2018, nearly quadrupling its 2017 earnings of $307 million, according to a company release Thursday. Earnings per diluted share for 2018 were $4.83, compared with $1.14 the previous year. The increase in profit comes despite a dip in revenue, which fell 1.6 percent to…

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