Textron Inc. (TXT - Free Report) is scheduled to release its second-quarter 2026 results on July 28, before market open. The company delivered an earnings surprise of 11.54% in the last reported quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Factors Likely to Affect TXT’s Q2 ResultsHigher aircraft revenues, as well as aftermarket parts and services revenues, are likely to have boosted the Aviation unit’s top line in the second quarter.
Higher sales volumes on the MV-75 program and military sustainment programs, along with increased commercial helicopter parts and services revenues, are projected to have bolstered the Bell unit’s revenue performance.
Higher sales volumes from the Ship-to-Shore Connector program, as well as military training and support services provided by Airborne Tactical Advantage Company (“ATAC”), are likely to have bolstered Textron Systems unit’s performance.
Lower sales volumes from the specialized vehicles are likely to have impacted TXT’s Industrial segment’s performance.
Higher costs of products sold, as well as selling and administrative expenses, are likely to have hurt TXT’s overall bottom line.
TXT’s Q2 EstimatesThe Zacks Consensus Estimate for TXT’s second-quarter revenues is pegged at $3.82 billion, which indicates growth of 2.8% from the year-ago quarter’s figure.
The consensus estimate for TXT’s earnings is pegged at $1.52 per share. This indicates decline of 1.9% from the prior-year figure.
What the Zacks Model UnveilsOur proven model does not conclusively predict an earnings beat for TXT this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as you will see below.
Earnings ESP: Textron has an Earnings ESP of 0.00%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Zacks Rank: TXT currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to ConsiderBelow, we have mentioned a few players from the same sector that have the right combination of elements to beat on earnings in the upcoming releases:
General Dynamics (GD - Free Report) is set to report its second-quarter 2026 earnings on July 29, before market open. It has an Earnings ESP of +1.61% and a Zacks Rank of 2 at present.
The Zacks Consensus Estimate for GD’s earnings is pegged at $3.95 per share. The consensus estimate for its sales is pegged at $13.49 billion, indicating year-over-year growth of 3.4%.
L3Harris Technologies, Inc. (LHX - Free Report) is expected to report its second-quarter 2026 earnings on July 29, after market close. It has an Earnings ESP of +2.09% and a Zacks Rank of 3 at present.
The consensus estimate for LHX’s earnings is pegged at $2.80 per share. The consensus estimate for its sales is pegged at $5.79 billion, indicating year-over-year growth of 6.8%.
CurtissWright (CW - Free Report) is set to report its second-quarter 2026 earnings on Aug. 5, 2026, after market close. It has an Earnings ESP of +0.36% and a Zacks Rank of 3 at present.
The Zacks Consensus Estimate for CW’s earnings is pegged at $3.62 per share. The consensus estimate for its sales is pegged at $930.6 million, indicating year-over-year growth of 6.2%.
LONDON--(BUSINESS WIRE)--During this year's Farnborough International Airshow, Bell announced that it delivered its 700th Bell 505, highlighting the platform's global success.
OSHKOSH, Wis.--(BUSINESS WIRE)--Pipistrel, a Textron Inc. (NYSE: TXT) company and an affiliate of Textron Aviation Inc., today announced Epic Flight Academy as the launch customer for the Pipistrel Voyager during Textron Aviation's press conference at EAA AirVenture 2026. The company has signed a purchase agreement for up to 50 Voyager aircraft, with an order for 10 initial deliveries beginning in 2027, and options for up to 20 additional aircraft in 2028 and 20 in 2029, supporting the continue.
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OSHKOSH, Wis.--(BUSINESS WIRE)--Pipistrel, a Textron Inc. (NYSE: TXT) company and an affiliate of Textron Aviation Inc., today introduced the Pipistrel Voyager, a next-generation training aircraft designed to expand capability for flight schools while maintaining the efficiency and simplicity owners and operators expect from Pipistrel. Purpose-built for evolving pilot training requirements, the Voyager is designed to align with anticipated Modernization of Special Airworthiness Certification (M.
[url="]Textron Aviation Inc.[/url], a [url="]Textron Inc.[/url] (NYSE: TXT) company, today announced the Cessna Citation CJ3 Gen2 and Beechcraft King Air 360 Cr
Key Takeaways Bell delivered a helicopter to Texas DPS for law enforcement, emergency response and surveillance missions.TXT's Bell 407GXi offers versatility, advanced avionics and support for patrol, rescue and disaster response.Textron is positioned to benefit as governments and commercial operators modernize helicopter fleet. Textron (TXT - Free Report) continues to strengthen its position in the helicopter market through its Bell business, which develops advanced rotorcraft for military, government and commercial customers worldwide. Bell's helicopters are designed to deliver reliable performance, mission flexibility and advanced capabilities across a wide range of operational environments.
A key example is Bell's latest delivery to the Texas Department of Public Safety. In May 2026, the company delivered a new Bell 407GXi helicopter to the agency, reinforcing its long-standing relationship with Texas DPS. The aircraft will support a variety of missions, including law enforcement, emergency response and aerial surveillance.
The Bell 407GXi is a light single-engine helicopter known for its versatility, reliability and advanced avionics. Its ability to perform missions ranging from patrol and search-and-rescue to disaster response makes it a preferred platform for government agencies and commercial operators. The helicopter enhances operational flexibility while enabling operators to respond effectively to evolving mission requirements.
With governments and commercial operators continuing to modernize their helicopter fleet, demand for advanced rotorcraft is expected to remain healthy. Textron's broad helicopter portfolio, combined with Bell's decades of experience in rotorcraft manufacturing and innovation, positions it well to benefit from long-term opportunities in the global helicopter market.
Other Companies Expanding Their Helicopter CapabilitiesOther aerospace and defense companies expanding their helicopter capabilities are discussed below:
Northrop Grumman Corporation (NOC - Free Report) : The company's Fire Scout is a combat-proven autonomous helicopter system that provides real-time intelligence, surveillance, reconnaissance, target acquisition, laser designation and battle management capabilities without relying on manned aircraft or space-based assets.
Lockheed Martin Corporation (LMT - Free Report) : Through its Sikorsky business, the company manufactures renowned military helicopters used for combat, transport and rescue missions worldwide. Its portfolio includes the Black Hawk, Seahawk and CH-53K King Stallion heavy-lift helicopters.
The Zacks Rundown for TXTShares of TXT have surged 12% in the past year compared with the industry’s 6.3% growth.
Image Source: Zacks Investment Research
The company shares are trading at a discount on a relative basis, with its forward 12-month Price/Sales being 1.00X compared with its industry’s average of 2.62X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for TXT’s 2026 earnings has moved north over the past 60 days.
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What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Textron (TXT - Free Report) Textron Inc., incorporated in 1923, is a global multi-industry company that manufactures aircraft, automotive engine components and industrial tools. It also offers solutions and services for aircraft, fastening systems, and industrial products and components. Its products include commercial and military helicopters, light- and mid-size business jets, plastic fuel tanks, automotive trim products, golf carts and utility vehicles, turf-car equipment, industrial pumps and gears. It is a commercial finance company in select markets. Textron is known globally for its most recognizable and valuable brand names, such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, E-Z-GO and Greenlee.
TXT is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 13.9; value investors should take notice.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.02 to $6.60 per share. TXT boasts an average earnings surprise of +5.8%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, TXT should be on investors' short list.
PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) will release its second quarter 2026 financial results on Tuesday morning, July 28, 2026. Textron will also host a conference call at 8:00 a.m. (Eastern) to discuss the results and the company's outlook. The call will be available via webcast at www.textron.com or by direct dial at (888) 596-4144 in the U.S. or (646) 968-2525 outside of the U.S.; Access Code: 6969175. In addition, the call will be recorded and available for playback be.
Key Takeaways GE Aerospace benefits from strong engine demand, including over 650 commercial engine orders in Q1 2026.Textron Aviation revenues rose 22%, with backlog reaching $8 billion supporting future deliveries.GE Aerospace invests in MRO and manufacturing while facing higher costs and debt concerns. GE Aerospace (GE - Free Report) and Textron Inc. (TXT - Free Report) are two prominent names operating in the aerospace and defense industry. As rivals, both companies are engaged in producing highly engineered aircraft components for commercial and military aircraft in the United States and international markets.
These companies have been enjoying significant growth opportunities in the aerospace and defense space on account of the improving air traffic trend and the expansionary U.S. defense budgetary policy in the past couple of years. Let’s take a closer look at their fundamentals, growth prospects and challenges.
The Case for GE AerospaceGE Aerospace is poised to gain from its growing installed base and higher utilization of engine platforms, supported by strength across commercial & defense sectors. Solid demand for LEAP, GEnx & GE9X engines and services, supported by growth in air traffic, fleet renewal and expansion activities, is proving beneficial for the Commercial Engines & Services business. In first-quarter 2026, the company received orders for more than 650 commercial engines, including commitments from American Airlines, United Airlines and Delta Airlines.
Growing popularity for the company’s propulsion & additive technologies, critical aircraft systems and aftermarket services in the defense sector is driving the Defense & Propulsion Technologies business’ performance. In the first quarter, GE clinched a $1.4 billion deal for T408 engines to support the U.S. Marine Corps’ CH-53K helicopter fleet.
GE remains committed to making investments to boost growth and provide better services to its customers. The company has been on track to invest more than $1 billion in its MRO facilities around the world over the next five years. For 2026, the company had announced its plan to invest an additional $1 billion in U.S. manufacturing and technology. Also, in the same period, GE Aerospace plans to invest more than €110 million across its European manufacturing facilities.
The company’s shareholder-friendly policies also add to its appeal. In first-quarter 2026, it paid dividends of $381 million, up 26.2% year over year, to its shareholders. It also raised its dividend by 30.6% to 36 cents per share in February 2026. In the same period, the company repurchased shares for $2.2 billion.
Despite the positives, GE’s highly leveraged balance sheet remains concerning. Exiting the first quarter, GE Aerospace’s total borrowings were $20.3 billion. The figure comprised $2.1 billion of short-term borrowings and $18.2 billion of long-term borrowings.
The Case for TextronGrowth in commercial air passenger traffic has been benefiting Textron’s Aviation business unit. In first-quarter 2026, Textron Aviation revenues increased 22% year over year, driven by higher aircraft revenues and an increase in aftermarket parts and services revenues. Exiting the first quarter, the Aviation business’ backlog rose to $8.0 billion from $7.7 billion at year-end 2025, supporting delivery and aftermarket plans across product lines.
Besides its strong presence in the commercial aerospace market, Textron enjoys solid demand for its defense products as well. In the first quarter, Bell’s military revenues increased 9% year over year, driven by continued growth on the MV-75 Cheyenne program. Textron Systems' revenues increased 13% largely due to higher volume on the Ship-to-Shore Connector program and military training services at ATAC.
TXT continues to invest in product upgrades, certifications and feature enhancements across its portfolio to defend share and support pricing and mix. Recent activity includes the certification of the Citation Ascend and ongoing development programs such as the Beechcraft Denali, alongside continued enhancements to in-production models.
The company’s cash and cash equivalents amounted to $1.51 billion at the end of the first quarter. While Textron’s long-term debt totaled $3.11 billion exiting the quarter, its current debt was $0.36 billion. Although the long-term debt value exceeds its cash reserve, its current debt remains much lower than the cash balance. So, it seems that the company boasts a solid solvency position, at least in the short term.
However, the persistence of supply-chain issues arising out of component shortages and delays might result in production delays for some of Textron’s products. Management continues to cite engines as a key constraint area, even as broader systemic issues have moderated compared with prior years.
Price Performance
Image Source: Zacks Investment Research
In the past six months, GE Aerospace shares have risen 21.1%, while Textron stock has gained 3.5%.
The Zacks Consensus Estimate for GE & TextronThe Zacks Consensus Estimate for GE’s 2026 sales and earnings per share (EPS) implies year-over-year growth of 15.2% and 17.4%, respectively. EPS estimates for both 2026 and 2027 have increased over the past 60 days.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Textron’s 2026 sales and EPS implies year-over-year growth of 5.2% and 8.2%, respectively. Although the EPS estimates for 2026 have increased over the past 60 days, the same for 2027 have declined.
Image Source: Zacks Investment Research
Valuation of GE & Textron
Image Source: Zacks Investment Research
Textron is trading at a forward 12-month price-to-earnings ratio of 12.95X, close to its median of 13.12X over the last three years. GE’s forward earnings multiple sits at 46.32X, higher than its median of 36.73X over the same time frame.
Final TakeGE Aerospace’s strong momentum in the commercial and defense aerospace markets, driven by solid build rates, wide-body aircraft demand and a robust defense budget, bodes well for growth. Given the strength across most of its served markets, GE has built a sound liquidity position that supports its shareholder-friendly policies.
In contrast, Textron’s strength in commercial and defense aerospace markets, along with its robust pipeline of projects, favors well for its growth. Its strong liquidity position is an added strength. However, this has been marred by the supply-chain challenges arising from component shortages, which might affect its near-term performance.
Despite its steeper valuation, GE holds robust prospects due to strong estimates, stock price appreciation and better prospects for sales and profit growth. Given these factors, GE seems a better pick for investors than Textron currently. While GE carries a Zacks Rank #2 (Buy), Textron currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +24% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Textron (TXT - Free Report) Textron Inc., incorporated in 1923, is a global multi-industry company that manufactures aircraft, automotive engine components and industrial tools. It also offers solutions and services for aircraft, fastening systems, and industrial products and components. Its products include commercial and military helicopters, light- and mid-size business jets, plastic fuel tanks, automotive trim products, golf carts and utility vehicles, turf-car equipment, industrial pumps and gears. It is a commercial finance company in select markets. Textron is known globally for its most recognizable and valuable brand names, such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, E-Z-GO and Greenlee.
TXT is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Aerospace stock. TXT has a Momentum Style Score of B, and shares are up 3.5% over the past four weeks.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.05 to $6.60 per share. TXT also boasts an average earnings surprise of +5.8%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, TXT should be on investors' short list.
Approximately 130 Cessna, Beechcraft and Hawker aircraft and volunteer pilots mobilize to transport more than 800 Special Olympics athletes and coaches to the 2026 Special Olympics USA Games
ST. PAUL, Minn.--(BUSINESS WIRE)--The 2026 Special Olympics Airlift officially took flight today as all participating Cessna, Beechcraft and Hawker aircraft, known as Doves, departed from airports across the country. Dove 1 for arrival day, a Cessna Citation Latitude generously operated by Prent Corporation, landed at St. Paul Downtown Airport (STP) carrying Special Olympic athletes and delegation members, signaling the start of Airlift arrivals for the Special Olympics USA Games.
The arrival signals the start of the world’s largest cumulative peacetime airlift spanning more than 40 years, a coordinated aviation effort organized by Textron Aviation, a Textron Inc. (NYSE: TXT) company, that transports hundreds of Special Olympics athletes and coaches from multiple states to compete on the national stage. Throughout the day, approximately 130 aircraft will arrive at STP in a carefully orchestrated operation with aircraft landing every three to four minutes.
“The arrival of Dove 1 is always a powerful moment,” said Ron Draper, president and CEO, Textron Aviation. “It represents months of planning, the generosity of the aviation community and most importantly, the excitement and anticipation of athletes arriving ready to compete.”
Giving Back Through Flight
The Special Olympics Airlift mobilizes volunteer pilots and aircraft from across the country who donate their time and resources in support of the Airlift. Now in its ninth year, the initiative has transported over 10,000 athletes and coaches to Special Olympics events, giving them a first-class experience ahead of the competition. Pilots, crew members and ground teams launched departures Friday morning from 26 locations nationwide including Grand Rapids, Houston, Nashville, Orlando, Phoenix and Washington, D.C., each hosting sendoff celebrations as local communities bid farewell to their Special Olympics delegations traveling to Minnesota for the Special Olympics USA Games.
“This is one of the most meaningful missions we fly,” said Chris Clawson, Dove 1 Pilot, Prent Corporation. “The Airlift brings together aviation and purpose in a way that creates unforgettable experiences for these athletes and reminds all of us we’re part of something much bigger than ourselves.”
Throughout the day, additional Doves will continue arriving at STP, with athletes greeted by volunteers and Special Olympics representatives before traveling onward to the Games. The carefully choreographed operation relies on collaboration among pilots, air traffic controllers, airport authorities, volunteers and Special Olympics staff.
With total roundtrip miles expected to reach almost 300,000 nm, and coordinated arrivals spanning hours of precision planning, the 2026 Airlift will once again demonstrate the scale, reliability and generosity of the aviation community.
Athletes in the Air
For many athletes, the Airlift marks their first time flying and serves as a defining moment in their journey to the Special Olympics USA Games. The Airlift ensures athletes arrive ready to compete, while also delivering an experience that celebrates their achievements before the competition begins.
“Traveling to Minnesota and taking part in the 2026 USA Games is an opportunity to climb higher,” said Emmanuel Benitez, Special Olympics Indiana, flag football athlete. “USA Games is a reason to train harder and expect the unexpected.”
All-Stars for Athletes
The 2026 Special Olympics Airlift is supported by high-profile advocates and ambassadors who share a commitment to inclusion and community.
“The Special Olympics Airlift represents the best of teamwork, leadership and heart,” said Peyton Manning, Honorary Chair, Special Olympics Airlift. “It’s amazing to see so many people come together to make sure these athletes get the opportunity they deserve to shine on a national stage.”
“These athletes have trained so hard for this, so it’s pretty special to see the aviation community come together to help them get there,” said Dierks Bentley, Ambassador, Special Olympics Airlift. “When you see that kind of grit, you want to do whatever you can to support it. I'm honored to be a small part of it.”
For updates and behind-the-scenes coverage of this week’s events, visit https://airlift.txtav.com/.
About Textron Aviation
We inspire the journey of flight. For more than 95 years, Textron Aviation Inc., a Textron Inc. company, has empowered our collective talent across the Beechcraft, Cessna and Hawker brands to design and deliver the best aviation experience for our customers. With a range that includes everything from business jets, turboprops, and high-performance pistons, to special mission, military trainer and defense products, Textron Aviation has the most versatile and comprehensive aviation product portfolio in the world and a workforce that has produced more than half of all general aviation aircraft worldwide. Customers in more than 170 countries rely on our legendary performance, reliability and versatility, along with our trusted global customer service network, for affordable and flexible flight. For more information, visit www.txtav.com.
About Special Olympics USA Games
The 2026 Special Olympics USA Games—scheduled for June 20-26, 2026, across Minnesota’s Twin Cities with sports competitions at the University of Minnesota and the National Sports Center in Blaine—is a national celebration of inclusivity, changing perceptions and the ability of the human spirit rising above limitations. The USA Games, with co-presenting partners Jersey Mike’s Subs and United Healthcare, will be one of the biggest U.S. sporting events of the year, drawing tens of thousands of fans to celebrate the ability of over 3,000 incredible athletes from all 50 states as they compete in 16 Olympic-type team and individual sports. As a state with a long history of championing diversity, equity and inclusion, the USA Games now bring an unrivaled opportunity to spark new energy around the Special Olympics movement and create a lasting legacy of positive change.
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, and Textron Systems. For more information, visit: www.textron.com.
The Providence, R.I., company said Thursday it will explore options for the industrial unit, including a potential sale or tax-free spinoff into a publicly traded company.
Textron (TXT - Free Report) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.3 per share. This compares to earnings of $1.28 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +11.32%. A quarter ago, it was expected that this maker of Cessna small planes and Bell helicopters would post earnings of $1.74 per share when it actually produced earnings of $1.73, delivering a surprise of -0.57%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Textron, which belongs to the Zacks Aerospace - Defense industry, posted revenues of $3.7 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 5.36%. This compares to year-ago revenues of $3.31 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Textron shares have added about 3% since the beginning of the year versus the S&P 500's gain of 4.2%.
What's Next for Textron?While Textron has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Textron was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.56 on $3.8 billion in revenues for the coming quarter and $6.55 on $15.49 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense is currently in the top 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Firefly Aerospace (FLY - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on May 4.
This space and defense technology company is expected to post quarterly loss of $0.50 per share in its upcoming report, which represents a year-over-year change of +69.7%. The consensus EPS estimate for the quarter has been revised 1% lower over the last 30 days to the current level.
Firefly Aerospace's revenues are expected to be $73.82 million, up 32.2% from the year-ago quarter.
For the quarter ended March 2026, Textron (TXT - Free Report) reported revenue of $3.7 billion, up 11.8% over the same period last year. EPS came in at $1.45, compared to $1.28 in the year-ago quarter.
The reported revenue represents a surprise of +5.36% over the Zacks Consensus Estimate of $3.51 billion. With the consensus EPS estimate being $1.30, the EPS surprise was +11.32%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Textron performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Manufacturing- Bell: $1.07 billion versus $1.04 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +8.9% change.Revenues- Manufacturing- Textron systems: $338 million compared to the $321.34 million average estimate based on two analysts. The reported number represents a change of +14.2% year over year.Revenues- Manufacturing- Textron Aviation: $1.49 billion versus $1.34 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +22.5% change.Revenues- Finance: $16 million compared to the $11.61 million average estimate based on two analysts. The reported number represents a change of 0% year over year.Revenues- Manufacturing: $3.68 billion versus the two-analyst average estimate of $3.5 billion. The reported number represents a year-over-year change of +11.8%.Revenues- Manufacturing- Industrial: $786 million compared to the $792.09 million average estimate based on two analysts. The reported number represents a change of -0.8% year over year.Segment Profit- Textron Aviation: $154 million versus the two-analyst average estimate of $137.49 million.Segment Profit- Bell: $72 million versus the two-analyst average estimate of $88.71 million.Segment Profit- Industrial: $40 million compared to the $34.85 million average estimate based on two analysts.Segment Profit- Finance: $12 million compared to the $4.65 million average estimate based on two analysts.Segment Profit- Manufacturing: $308 million versus the two-analyst average estimate of $300.82 million.Segment Profit- Textron Systems: $42 million versus $39.77 million estimated by two analysts on average.View all Key Company Metrics for Textron here>>>
Shares of Textron have returned +1% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Textron (TXT 0.87%) stock jumped 4.9% through 1:20 p.m. ET Thursday after beating on top and bottom lines in its Q1 earnings report.
Analysts had forecast the defense contractor would earn $1.32 per share on quarterly sales of $3.5 billion. Textron actually earned $1.45 per share, pro forma, on $3.7 billion in sales.
And that wasn't even Textron's biggest news.
Image source: Getty Images.
Textron Q1 earnings Textron's sales grew 12% year over year in Q1, while pro forma earnings climbed 13%. (Actual earnings calculated under generally accepted accounting principles (GAAP) were only $1.25 per share, but still up 11%.) The weakest performance in the quarter came from Textron's Industrial business, which builds such things as golf carts and specialized commercial vehicles; there, sales declined 1%.
Which brings us to the big news: Textron is dumping Industrial.
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What's next for Textron stock Compared to strong growth in Textron's Bell Helicopter and Aviation divisions and "excellent execution" at Textron Systems, the $3 billion Industrial unit is looking like a laggard. To focus on its core business, Textron plans to sell or spin off Industrial and become a pure-play aerospace and defense company -- building helicopters at Bell, Beechcraft and Cessnas at Aviation, and military vehicles at Systems.
"New Textron" (I'm assuming that's a working title) will boast a $19 billion backlog of contracts and $12 billion in annual revenue. With Bell growing sales at 9% in Q1, Systems up 13%, and Aviation up a stellar 22%, Textron will likely enjoy a significant growth spurt after unloading Industrial. These three divisions also happen to provide Textron its strongest profit margins on sales.
If all goes as planned, this should be great news for Textron. Investors are right to applaud it today.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends Textron. The Motley Fool has a disclosure policy.
Key Takeaways Textron posted Q1 EPS of $1.45, topping estimates and rising 13.3% year over year.TXT revenues climbed 11.8% to $3.7B, driven by higher jet and turboprop volumes.Textron Aviation and Bell saw growth, with strong backlogs of $8B and $7.6B, respectively. Textron Inc. (TXT - Free Report) reported first-quarter 2026 adjusted earnings of $1.45 per share, which surpassed the Zacks Consensus Estimate of $1.30 by 11.3%. The bottom line also rose 13.3% from $1.28 in the year-ago quarter.
The company reported GAAP earnings of $1.25 per share compared with $1.13 a year ago.
TXT’s RevenuesThe company reported total revenues of $3.7 billion, which beat the Zacks Consensus Estimate of $3.51 billion by 5.4%. The top line also increased 11.8% from the year-ago quarter’s level of $3.31 billion.
Segmental Performance of TextronTextron Aviation: Revenues from this segment increased 22% year over year to $1.49 billion. This was primarily due to higher volume and mix, largely reflecting higher Citation jet and commercial turboprop volume.
The segment delivered 37 jets, up from 31 in the year-ago quarter. It also delivered 35 commercial turboprops, up from 30 in the first quarter of 2025.
Order backlog at the end of the quarter totaled $8 billion.
Bell: Revenues from this segment amounted to $1.07 billion, up 9% from the year-ago quarter’s registered number. This was driven by higher military revenues, largely due to higher volume on the MV-75 Cheyenne program, partially offset by lower volume on V-22 production and on military sustainment programs.
Bell delivered 20 commercial helicopters, down from 29 in last year's first quarter.
Its order backlog at the end of the quarter totaled $7.6 billion.
Textron Systems: This segment’s revenues amounted to $338 million, up $39 million from the prior-year level.
Textron Systems’ backlog at the end of the quarter totaled $3.6 billion.
Industrial: Revenues from this segment declined $6 million to $786 million.
Finance: This segment’s revenues amounted to $16 million flat year over year.
Effective Jan. 4, 2026, Textron dissolved its standalone eAviation segment and redistributed its operations across other segments. Most of the business, including Pipistrel, was integrated into Textron Aviation to better leverage its development, manufacturing and sales capabilities. Military-related manned and unmanned products and their R&D were moved to Textron Systems to align with its customer base, while certain R&D activities with broader applications, such as digital flight control and air vehicle management systems, were shifted to corporate expenses.
Textron’s FinancialsAs of April 4, 2026, cash and cash equivalents totaled $1.51 billion compared with $1.94 billion as of Jan. 3, 2026.
Net cash used in operating activities during the first three months of 2026 amounted to $107 million compared with $114 million in the year-ago quarter.
Capital expenditures amounted to $133 million in the first quarter compared with $56 million in the year-ago quarter.
The long-term debt totaled $3.11 billion as of April 4, 2026, compared with $3.53 billion as of Jan. 3, 2026.
TXT’s GuidanceThe company expects 2026 adjusted earnings to be in the range of $6.40-$6.60 per share. The Zacks Consensus Estimate for earnings is pegged at $6.55 per share, which lies above the company’s guided range.
TXT’s Zacks RankTextron currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Recent Defense ReleaseRTX Corporation’s (RTX - Free Report) first-quarter 2026 adjusted earnings per share (EPS) of $1.78 beat the Zacks Consensus Estimate of $1.52 by 17%. The bottom line improved 21.1% from the year-ago quarter’s level of $1.47.
RTX’s quarterly revenues came in at $22.08 billion, up 8.7% from $20.31 billion in the year-ago period. Sales also beat the consensus mark of $21.56 billion by 2.43%.
The Boeing Company (BA - Free Report) incurred an adjusted loss of 20 cents per share in the first quarter of 2026, narrower than the Zacks Consensus Estimate of a loss of 95 cents. The bottom line improved from the year-ago quarter’s reported loss of 49 cents per share.
BA’s revenues amounted to $22.22 billion, which outpaced the Zacks Consensus Estimate of $21.87 billion by 3.5%. The top line also surged 14% from the year-ago quarter’s reported figure of $19.5 billion.
Northrop Grumman Corporation (NOC - Free Report) reported first-quarter 2026 adjusted earnings of $6.14 per share, which beat the Zacks Consensus Estimate of $6.08 by 1%. The bottom line also improved 1.3% from the year-ago quarter’s level of $6.06.
NOC’s total sales of $9.88 billion in the first quarter beat the Zacks Consensus Estimate of $9.79 billion by 1%. The top line also improved 4.4% from $9.47 billion reported in the year-ago quarter.
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company, achieved a major milestone as the first three Cessna Citation Ascend business jets were delivered to fleet launch customer NetJets. NetJets, which operates the world's largest, most diverse private jet fleet, is the first private fleet operator to take delivery and begin operations with the Cessna Citation Ascend. Setting new standards in performance, comfort and operational efficiency for the midsize busi.
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation Inc. announced its new service facility at Essendon Fields Airport in Melbourne is now open for customers.
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On May 15, 2026, Textron Inc (TXT) shares fell 3.0% today to a current price of $89.02. The stock has traded between $72.00 and $101.57 over the past 52 weeks,
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Stock to Watch: Textron (TXT - Free Report) Textron Inc., incorporated in 1923, is a global multi-industry company that manufactures aircraft, automotive engine components and industrial tools. It also offers solutions and services for aircraft, fastening systems, and industrial products and components. Its products include commercial and military helicopters, light- and mid-size business jets, plastic fuel tanks, automotive trim products, golf carts and utility vehicles, turf-car equipment, industrial pumps and gears. It is a commercial finance company in select markets. Textron is known globally for its most recognizable and valuable brand names, such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, E-Z-GO and Greenlee.
TXT is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Aerospace stock. TXT has a Momentum Style Score of B, and shares are up 0.1% over the past four weeks.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.07 to $6.60 per share. TXT boasts an average earnings surprise of +5.8%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, TXT should be on investors' short list.
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company, today announced it has entered into a multi-aircraft fleet purchase agreement with Platoon Aviation that positions the Hamburg-based charter operator to become the largest Cessna Citation Longitude fleet owner in Europe. Platoon Aviation provides on-demand private jet travel, serving business and leisure travelers seeking long-range capability, cabin comfort and operational reliability. Deliveries of the C.
NEW YORK--(BUSINESS WIRE)-- #CessnaLawsuit--Lieff Cabraser and Epps Holloway to Host Virtual Town Hall for Cessna Citation CJ4 Owners Re Window Frame Corrosion & Service Bulletin SB525C-56-01.
Owners and operators of Cessna Citation Model 525C (CJ4) aircraft are invited to a virtual town hall on Tuesday, July 14, 2026. The session will cover the stat
Augusta, Georgia--(Newsfile Corp. - June 10, 2026) - Textron E-Z-GO LLC, a Textron Inc. (NYSE: TXT) company and a leading designer and manufacturer of golf cars and utility vehicles, will celebrate National Golf Cart Day 2026 by offering additional savings on purchases of qualifying E-Z-GO models.
From June 12-14, buyers of model-year 2025 and model-year 2026 E-Z-GO models will receive a $1,000 discount. This discount will stack atop existing discounts for models eligible for E-Z-GO's "Summer of Savings" promotion, which offers discounts ranging from $1,000 to $3,000 on purchases of eight popular E-Z-GO vehicles. To take advantage of these savings, consumers can find their local E-Z-GO Authorized Dealer using the dealer locator at ezgo.txtsv.com/personal/shopping-tools/find-dealer.
E-Z-GO also will offer a 40% discount on parts and accessories orders totaling $75 or more through shopezgo.com. Orders of $150 or more will also receive free shipping.
National Golf Cart Day is observed each year on June 13, which is also the anniversary of E-Z-GO's founding in Augusta, Georgia in 1954. E-Z-GO vehicles are still built in Augusta today, where the company employs more than 1,000 people to design, manufacture, sell, ship, and support tens of thousands of vehicles each year, sold to customers around the globe.
"E-Z-GO has a special legacy in the sport of golf and the world of transportation, and National Golf Cart Day is a fun way to celebrate our history with our customers, our employees, our dealers, and our community," said Adam Harris, E-Z-GO Senior Vice President and General Manager. "We look forward to enjoying a weekend of festivities with E-Z-GO owners at our
E-Z-GO authorized dealerships across the country."
To learn more about National Golf Cart Day, visit ezgo.txtsv.com/nationalgolfcartday. To identify the E-Z-GO model that's right for you and locate your nearest E-Z-GO Authorized Dealer, visit ezgo.com.
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About E-Z-GO
Founded in Augusta, Ga. in 1954, E-Z-GO is a globally renowned leader in the design and manufacture of golf cars and personal transport vehicles, known for its use of innovative sustainable electric-vehicle and powertrain technology. E-Z-GO models include RXV® fleet golf cars; Freedom® and Valor personal golf cars, and E-Z-GO Express™ personal utility vehicles. Its latest innovation is the Liberty™, the industry's first vehicle to offer four forward-facing seats in a compact, golf-car-sized footprint. E-Z-GO became part of Textron Inc. (NYSE: TXT) in 1960, and today Textron E-Z-GO LLC operates as part of the Textron Specialized Vehicles business of Textron Inc.
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, and Textron Systems. For more information, visit: www.textron.com.
Certain statements in this press release may project revenues or describe strategies, goals, outlooks or other non-historical matters; these forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update them. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300924
Source: E-Z-GO
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Are you hunting for high-growth aerospace parts or a diversified industrial titan? Choosing between HEICO (HEI 1.08%) and Textron (TXT 0.87%) requires balancing an essential aviation parts provider with a premium valuation against a steady, multi-segment industrial performance to determine which is the better buy.
HEICO focuses on replacement aircraft parts and electronic components for the aviation and defense markets. Textron operates a broader portfolio, including Bell helicopters and Cessna jets. While both benefit from aerospace demand, they offer vastly different financial profiles and growth trajectories for your portfolio.
The case for HEICOHEICO provides specialized aircraft parts and electronic technologies for commercial aviation and defense markets. Within the broader landscape of industrial stocks, the company operates through its Flight Support Group and Electronic Technologies Group. It maintains a diversified customer base, as no single client accounted for more than 10% of total revenue in fiscal 2025.
In FY 2025, revenue reached nearly $4.5 billion, which represented an increase of approximately 16.3% over the prior year. The company reported net income of roughly $690.4 million for the same period. This growth followed a steady multi-year trend of rising sales and improved net margin, which hit roughly 15.4%.
As of its October 2025 balance sheet, the debt-to-equity ratio was approximately 0.5x. This metric compares total debt to shareholder equity, indicating that the company uses moderate leverage. The current ratio, which measures the ability to cover short-term liabilities with short-term assets, stood at nearly 2.8x, while free cash flow totaled nearly $861.4 million.
The case for TextronTextron operates as a multi-industry conglomerate serving the aerospace, defense, and specialized vehicle markets. Its business is divided into five segments, including Bell Helicopters and Textron Aviation, which produces Cessna and Beechcraft aircraft. During 2025, the company derived approximately 27% of its revenues from sales to various U.S. Government entities.
In FY 2025, the company generated revenue of nearly $14.8 billion, a growth of approximately 8.0% compared to the previous year. Net income for the period was close to $921.0 million, resulting in a net margin of roughly 6.2%. This performance reflects steady demand across its aviation and industrial segments during the fiscal year.
As of its January 2026 balance sheet, Textron reported a debt-to-equity ratio of approximately 0.5x, calculated as total debt divided by shareholder equity. The company's current ratio was nearly 1.8x, suggesting it maintains enough short-term assets to meet its immediate obligations. Free cash flow, calculated as cash from operations minus capital expenditures, reached roughly $884.0 million in fiscal 2025.
Risk profile comparisonHEICO faces risks from its international operations, which accounted for nearly 38% of fiscal 2025 revenue and expose the company to currency fluctuations. Additionally, roughly 31% of sales come from defense and security markets, making the business sensitive to government budget reductions. The company competes with major aerospace suppliers such as TransDigm Group (TDG +0.37%) and RTX (RTX +0.15%) in a highly regulated environment.
Textron depends heavily on the U.S. Government, which accounted for approximately 27% of its 2025 revenue, creating procurement-related risks. Approximately 29% of its domestic workforce is unionized, which can lead to work stoppages such as the 2024 strike at Textron Aviation. The company must also maintain its competitive edge against large aerospace peers like General Dynamics and The Boeing Company.
Valuation comparisonTextron offers a much lower valuation based on both sales and Forward P/E, which compares the stock price to future earnings estimates. Meanwhile, the P/S ratio for HEICO reflects a premium for its specialized, high-margin revenue.
MetricHEICOTextronSector BenchmarkForward P/E54.4x14.3x29.8xP/S ratio10.1x1.1xn/aSector benchmark uses the SPDR XLI sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Comparing HEICO with Textron immediately makes me think of Warren Buffett’s quote, “It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” Despite the fact that HEICO traded at an average P/E ratio of 55 over the last decade -- whereas Textron traded at just 20 times earnings -- the former compounded its annualized total returns by 25% over that time versus the latter’s 9%.
While Textron remains an intriguing stock -- especially as it plans to spinoff or sell its industrial business -- it hasn’t parlayed its leadership positions in unique niche verticals into outperformance. However, following the separation of its industrial segment, which includes E-Z-Go golf carts, Kautex fuel systems, and Kautex CWC castings, Textron might deserve a fresh look from investors as a more streamlined aerospace and defense company. Trading at just 14 times forward earnings -- and with a $19 billion backlog in just its new-look, standalone aerospace and defense business -- Textron could easily outgrow its valuation, if the separation goes well.
That said, I just refuse to bet against HEICO’s dominance in its aftermarket aviation parts niche and the wide moat it has built through its leadership in the highly regulated industry. HEICO’s ever-growing catalog of aircraft parts and electronics makes it the ultimate picks-and-shovels provider to an aviation industry that often only gets to choose between higher-priced OEM parts and HEICO’s more reasonably-priced (and FAA-certified) replications of those parts. Trading at 54 times forward earnings, HEICO will need to continue delivering extraordinary results to live up to this valuation, but considering it has grown sales and free cash flow by 15% and 20% annually over the last decade, I’m not betting against it.
I’d personally rather own the wonderful company (HEICO) at a fair price than vice versa with Textron, but I’d advise investors not to go all-in at today’s lofty valuation. Rather, investors should buy in small batches over time.
