Textron reports $189M Q1 profit, announces sale of Tools & Test business

TEXTRON INC. REPORTED A PROFIT of $189 million for the first quarter of 2018, an 87 percent increase from the first quarter of 2017. / COURTESY TEXTRON AVIATION
TEXTRON INC. REPORTED A PROFIT of $189 million for the first quarter of 2018, an 87 percent increase from the first quarter of 2017. / COURTESY TEXTRON AVIATION
PROVIDENCE – Textron Inc. reported a $189 million profit for the first quarter of 2018, an $88 million increase year over year, or an 87 percent increase, according to a filing with the U.S. Securities and Exchange Commission Wednesday. The company announced the sale of its Tools & Test business to Emerson Electric Co. for…

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