Textron Inc. consists of numerous subsidiaries and operating divisions. Please refer to the back cover for legal entity structure.

Size: px
Start display at page:

Download "Textron Inc. consists of numerous subsidiaries and operating divisions. Please refer to the back cover for legal entity structure."

Transcription

1 INVESTOR FACT BOOK

2 T E X T R O N Textron Inc. is a $1.5 billion multi-industry company operating in 25 countries with approximately 32, employees. The company leverages its global network of aircraft, defense and intelligence, 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 Helicopter, Cessna Aircraft, E-Z-GO, Greenlee, Jacobsen, Kautex, Lycoming, Textron Systems and Textron Financial Corporation. Textron Inc. consists of numerous subsidiaries and operating divisions. Please refer to the back cover for legal entity structure. Key Executives Scott C. Donnelly Chairman and Chief Executive Officer Scott C. Donnelly was named chief executive officer in December 29 and chairman of the board in September 21. Donnelly joined Textron as executive vice president and chief operating officer in June 28 and was promoted to president in January 29. Prior to joining Textron, Donnelly was president and CEO for General Electric (GE) Aviation. He also held various other management positions since joining GE in Frank T. Connor Executive Vice President and Chief Financial Officer Frank Connor joined Textron as executive vice president and chief financial officer in August 29. Connor came to Textron after a 22-year career at Goldman, Sachs & Co. where, most recently, he was managing director and head of Telecom Investment Banking. Prior to that, he served as Goldman, Sachs & Co. s chief operating officer of Telecom, Technology and Media Investment Banking. Jack J. Pelton Cessna Chairman, President and CEO John L. Garrison Jr. Bell Helicopter President and CEO Frederick M. Strader Textron Systems President and CEO J. Scott Hall Industrial Segment and Greenlee President Warren R. Lyons Textron Financial Corporation President and CEO

3 Financial Highlights (Dollars in millions except per share data) Change Revenues $ 1,525 $ 1,5 International revenues % 36% 37% Segment profit 1 $ 553 $ % Income (loss) from continuing operations $ 92 $ (73) 226% Total debt Manufacturing group 2 $ 2,32 $ 3,584 (36)% Shareholders equity $ 2,972 $ 2,826 5% Debt (net of cash and equivalents) to total capital Manufacturing group 2 32% 39% Common Share Data Diluted EPS from continuing operations 3 $.3 $ (.28) 27% Dividends per share $.8 $.8 Diluted average shares outstanding (in thousands) 3 32, ,923 15% Key Performance Metrics ROIC 4 8.% 5.5% Net cash provided by operating activities of continuing operations Manufacturing group GAAP 2 $ 73 $ 738 (1)% Manufacturing cash flow before pension contributions Non-GAAP 2, 5 $ 759 $ 53 51% Pension contributions $ 417 $ % 1 Segment profit is an important measure used for evaluating performance and for decision-making purposes. Segment profit for manufacturing segment excludes interest expense, certain corporate expenses and special charges. The measurement for the Finance segment includes interest income and expense and excludes special charges. 2 Our Manufacturing group includes all continuing operations of Textron Inc., except for the Finance segment. 3 For 29, the potential dilutive effect of stock options, restricted stock units and shares that could be issued upon the conversion of our 4.5% convertible Senior Notes and upon the exercise of the related warrants was excluded from the computation of diluted weighted-average shares outstanding as the shares would have an anti-dilutive effect on the loss from continuing operations. 4 Calculation of return on invested capital ( ROIC ) is provided on page Calculations of manufacturing cash flow before pension contributions are provided on page 11. Textron Inc. Credit Ratings (as of March 1, 211) Senior Short-Term Long-Term Commercial Paper S&P BBB- A3 Fitch BB+ B Moody s Baa3 P3 Net Debt Change Consolidated Cash and Equivalents $ 931 $ 1,892 $ (961) TFC Managed Debt 3,66 5,698 (2,38) TXT Debt 2,32 3,584 (1,282) Total debt 5,962 9,282 (3,32) Net Debt $ 5,31 $ 7,39 $ (2,359) Textron Revenue by: Segment Geography 19% Textron Systems 31% Bell Africa 1% Canada 3% Middle East 3% Asia Pacific 7% Latin America & Mexico 8% 64% U.S. 24% Industrial 2% Finance Europe 14% Customer Type 24% Cessna 38% Military 6% Commercial 2% Finance Textron 21 Fact Book 1

4 C E S S N A Fast Facts Cessna is the world s leading general aviation company based on unit sales with two major lines of business: Aircraft sales and aftermarket services. Aircraft sales include Citation business jets, Caravan single-engine utility turboprops, single-engine piston aircraft and lift solutions by CitationAir. Aftermarket services include parts, maintenance, inspection and repair services. 24% Cessna s share of Textron 21 revenues > Approximate revenues by region: U.S.: 64%, Europe: 13%, Latin America and Mexico: 1%, Asia-Pacific: 7%, Middle East: 3%, Africa: 2%, and Canada: 1%. > Cessna has approximately 7,8 employees worldwide. > Manufacturing facilities located in Wichita and Independence, Kansas; Columbus, Georgia; and Chihuahua, Mexico. > In its 84-year history, Cessna has delivered approximately 193, aircraft, including more than 154, single-engine piston airplanes; more than 2, Caravans; more than 2, military jets and more than 6,1 Citation business jets. Cessna has delivered twice as many very light, light and midsize business jets as its closest competitor. > McCauley propellers are on more than 25, aircraft around the world a testimony to our continuing commitment to excellence. > Cessna Citations are registered in more than 9 countries and represent the largest fleet of business jets in the world. > Certified at Mach.92, the Citation X is the world s fastest business jet in service. > Cessna operates nine Citation Service Centers: eight at airports across the U.S. and one at Le Bourget Airport in Paris, France. Cessna has announced a new European Citation Service Center to open in Spain. Authorized Independent Service Centers/ Stations are located in 27 countries throughout the world. Sales New Jet Model First Delivery CitationAir Fractional and Vector Contracts By Product Line 26% Aftermarket 74% Aircraft Sales By Customer 1 1% U.S. Government 4% Fractional Ownership 95% Corporate CJ3 Sovereign aftermarket 1 25 CJ1+ aircraft sales 8 fractional 26 CJ2+ 6 Mustang 27 4 Encore XLS+ govt corp 1, Major Products 21 CJ Std/Max Maximum Seating Capacity Cruising Range Unit First (Including Speed (IFR w/ NBAA Price Engine Engine Delivery Pilots) (kts) reserves) (in millions) Manufacturer Model Avionics Citation Model Mustang ,15 $3.1 Pratt & Whitney PW615F Garmin G1 CJ ,3 5.1 Williams International FJ44-1AP Collins Pro Line 21 CJ / , Williams International FJ44-3A-24 Collins Pro Line 21 CJ3 24 9/ , Williams International FJ44-3A Collins Pro Line 21 CJ4 21 1/ ,2 9. Williams International FJ44-4A Collins Pro Line 21 Encore+ 27 1/ , Pratt & Whitney PW535B Collins Pro Line 21 XLS / , Pratt & Whitney PW545C Collins Pro Line 21 Sovereign 24 11/ , Pratt & Whitney PW36C Honeywell Primus EPIC Citation X / , Rolls-Royce AE37C1 Honeywell Primus 2 Turboprop Model Caravan / * $2. Pratt & Whitney PT6A-114A Garmin G1 Grand Caravan / * 2.1 Pratt & Whitney PT6A-114A Garmin G1 Single-engine Piston 162 SkyCatcher * $.1 Teledyne Continental O-2D Garmin G3 172R Skyhawk *.3 Textron Lycoming IO-36-L2A Garmin G1 172S Skyhawk SP *.3 Textron Lycoming IO-36-L2A Garmin G1 182T Skylane *.4 Textron Lycoming IO-54-AB1A5 Garmin G1 T182T Turbo Skylane *.4 Textron Lycoming TIO-54-AK1A Garmin G1 26H Stationair *.5 Textron Lycoming IO-54-AC1A5 Garmin G1 T26H Turbo Stationair *.6 Textron Lycoming TIO-54-AJ1A Garmin G1 35 Corvalis ,395*.6 Teledyne Continental IO-55-N Garmin G1 4 Corvalis TT ,25*.6 Teledyne Continental TSIO-55-C Garmin G1 * 45 minute fuel reserve 2 Textron 21 Fact Book

5 21 Business Jet Price Points Pre-owned Citations for Sale as a Percent of Fleet Citation product line Competition (Dollars in millions) Citation Mustang $3.1 Phenom 1 $3.8 Citation CJ1+ $5.1 Premier 1A $6.6 Citation CJ2+ $6.9 Emivest SJ3-2 $7.3 Hawker 4XP $7.6 Phenom 3 $8.1 Citation CJ3 $8.2 Source: B&CA and Cessna estimates Citation CJ4 $9. Citation Encore+ $9.2 Learjet 4XR $1.6 Citation XLS+ $12.5 Learjet 45XR $12.8 Hawker 75 $13. Learjet 6XR $13.9 Gulfstream G15 $15.1 Hawker 9XP $15.8 Citation Sovereign $17.6 Citation X $21.7 Hawker 4 $22. Gulfstream G2 $23.3 Challenger 3 $24.3 Legacy 6 $27.5 2% 15% 1% 5% Source: AMSTAT and Cessna estimates Aftermarket Sales Number of Citations in Service by Age Distribution (Dollars in millions) $218 $229 $27 $32 $33 $354 $381 $443 $52 $562 $66 $666 $721 $587 $667 Number of Units 6, 4, > 1 Years 6 1 Years < 5 Years 2, Strategic Steps Forward > Invest in new product development and block point changes to current models. > Create a globally competitive cost profile. > Lead every segment in which we participate: light and midsize business jets, single-engine utility turboprop and single-engine piston aircraft. > Bolster long-term customer loyalty by providing differentiated and consistently superior aftermarket solutions around the world. > Extend the CitationAir brand by offering complete private aviation lift solutions. > Leverage and ensure alignment of key business and continuous improvement processes (e.g. Lean, Six Sigma and Operations Excellence). > Foster an environment that attracts, develops and retains high performing talent. > Extend the Cessna brand in key international geographies. Key Data Cessna (Dollars in millions) Units sold: Mustang Light/Mid Total Business jets Caravans Single-engine Piston Backlog, excluding CitationAir $ 2,928 $ 4,893 $14,53 $12,583 $8,467 Revenues $ 2,563 $ 3,32 $ 5,662 $ 5, $4,156 Segment profit (loss) 2 $ (29) $ 198 $ 95 $ 865 $ 645 Segment profit margin (1.1)% 6.% 16.% 17.3% 15.5% Total assets $ 2,294 $ 2,427 $ 2,955 $ 2,459 $2,91 Capital expenditures $ 47 $ 65 $ 285 $ 163 $ 12 Depreciation and amortization $ 16 $ 115 $ 15 $ 86 $ 78 1 In 28, units sold include the sell-through of one fractional unit at CitationAir. Units sold in 27 exclude one CitationAir delivery in which the fractional units were not sold as of the end of the year. Units sold in 26 exclude two CitationAir deliveries in which the fractional units were not sold as of the end of the year. 2 Segment profit for manufacturing segments excludes interest expense, certain corporate expenses and special charges. In 29 segment profit includes a $5 million pretax gain on the sale of the assets of CESCOM, Cessna s aircraft maintenance tracking service line. Textron 21 Fact Book 3

6 B E L L H E L I C O P T E R Bell Helicopter is a leader in vertical takeoff and landing aircraft for commercial and military applications, and the pioneer of the revolutionary tiltrotor aircraft. 31% Bell s share of Textron 21 revenues Fast Facts > Approximate revenues by region: U.S.: 73%, Asia Pacific: 9%, Latin America and Mexico: 7%, Middle East: 4%, Canada: 4%, Europe: 2%, and Africa: 1%. > At the end of 21, Bell had approximately 1,2 employees, of which 18.5% were located outside the US. > Major facilities are located in Fort Worth, Texas; Amarillo, Texas; Corpus Christi, Texas; Ozark, Alabama; Bristol, Tennessee; and Mirabel, Quebec, Canada. > Approximately 13, Bell Helicopter aircraft are flying in more than 14 countries. > One third of the world fleet carry the Bell Helicopter brand. > Worldwide service network of more than 12 strategically located Bell owned service facilities and independent service centers. > Ranked #1 in customer service and support by Professional Pilot magazine for 17 consecutive years and by Aviation International News for five consecutive years. Sales Commercial: 38% Commercial Revenue by Region Military: 62% 38% Commercial 62% Military Military by Branch* 3% Other 8% Air Force 1% Army 79% Marines By Product/Service Commercial by Application 9% International 4% Other Military 9% Civil Government Aircraft 9% Foreign Military 44% Commercial Sales/International 1% Aircraft HEMS 16% Parapublic 19% Oil & Gas/Utility 47% Spares & Support 33% Corporate % Europe 13% Africa and Middle East 18% Latin America other 1 1 airforce army 8 marines % 5% R&D North America other Aircraft Int'l Military Civil Govtaircraft commercial FMS spares & support EMS Law Utility 23% Asia Pacific By Product/Serv 25% Spares Suppor 7% Aircraft Corporate * U.S. Military sales only Major Products Bell Helicopter First Seating Capacity Useful Cruising Maximum Description Delivery (Including Pilots) Load (lbs) Speed (kts) Range (nm) Light 26L-4 Long Ranger Light single-engine, extended cabin version of the Jet Ranger , Light single-engine, high performance multi-mission helicopter , Light twin-engine helicopter, best-in-class cabin volume , Medium 412 EP Twin-engine with highest dispatch reliability and the lowest hourly cost , Military OH-58D Kiowa Warrior Armed Reconnaissance Helicopter for U.S. Army , TH-67 Trainer Military training helicopter , Huey II Upgrade of U.S. Army and worldwide UH-1H model Huey , UH-1Y State of the art fully integrated utility and combat support helicopter , AH-1Z State of the art fully integrated weapons system attack helicopter , Tiltrotor Bell Boeing V-22 Osprey Military tiltrotor aircraft, being produced in partnership with Boeing ,5 24 1,1 1 EMS BA69 Commercial tiltrotor aircraft, being developed in partnership with Agusta 11 5, other 8 Law 6 Civil 4 corporate 2 utility 4 Textron 21 Fact Book

7 Commercial Product Price Points Bell Competition (Dollars in millions) Enstrom 48 $1. EC 12 $1.6 MD 5E $1.7 AS 35 B2 $1.8 MD 52N $1.9 Bell 26L-4 $2.1 A 119VFR $3.3 EC 135 $4.6 Bell 429 $5.2 EC 145 $6. MD 92 $6.1 A 19 Grand $6.4 Bell 412EP $9.1 EC 155B1 $9.2 S 76C++ $1.6 AW 139 $13. S-92 $21.4 MD 6N $2.1 AS 35 B3 $2.2 EC 13 $2.3 Bell 47 $2.4 AS 355NP $3.2 A 19E Power $5.6 Singles Twins Commercial Business > The primary commercial helicopter applications are Corporate, Oil & Gas, Utility, Parapublic, Helicopter Emergency Medical Services, and International/Foreign Military. > Industry norms envision three to four times original delivery price in aftermarket service and parts revenues over the nominal 3 4 year lifetime of a typical commercial airframe. Military Business > Bell s broad military product line covers the entire spectrum of missions from training (TH-67), to armed reconnaissance (OH-58D), to attack / utility (AH-1Z / UH-1Y), and tiltrotor (V-22) and are very applicable to current conflicts. > V-22 aircraft deployed in land-based operations in Afghanistan/Operation Enduring Freedom and Iraq/Operation Iraqi Freedom and sea-based operations in Haiti and the Horn of Africa have demonstrated excellent in-theater performance. > AH-1Z Operation Evaluation complete and the program has entered full rate production. US Marines awarded $546 million contract for 29 aircraft : UH-1Y and AH-1Z. > OH-58D is the close air support aircraft of choice and has more than 75, + combat hours. Strategic Steps Forward > Continue to scale up production of the V-22 for the U.S. Marine Corps, Air Force Special Operations Forces and market to other U.S. Department of Defense and international customers. > Successfully ramp-up production of the UH-1Y utility helicopter and AH-1Z attack helicopter. > Successfully market 429 Light Twin helicopter and field to global customer base. > Pursue additional U.S. Government and international military helicopter sales opportunities. > Strengthen the commercial product line by upgrading existing products, developing derivatives and introducing new models. > Continue to grow Bell Helicopter s integrated service and support business through geographic and service offering expansion. > Develop Bell Helicopter s global business through local presence, a stronger sales and marketing network and program capture. > Strengthen cost competitiveness through continued improvement in worldwide manufacturing footprint and modernizing business systems. Key Data Bell (Dollars in millions) Units sold: U.S. Government Commercial International military Backlog $7,199 $6,93 $6,192 $3,89 $3,119 Revenues $3,241 $2,842 $2,827 $2,581 $2,347 Segment profit 1 $ 427 $ 34 $ 278 $ 144 $ 18 Segment profit margin 13.2% 1.7% 9.8% 5.6% 4.6% Total assets $2,79 $2,59 $2,167 $1,85 $1,596 Capital expenditures $ 123 $ 11 $ 138 $ 78 $ 17 Depreciation and amortization $ 92 $ 83 $ 71 $ 59 $ 48 1 Segment profit for manufacturing segments excludes interest expense, certain corporate expenses and special charges. Textron 21 Fact Book 5

8 T E X T R O N S Y S T E M S Textron Systems is a respected solutions company, addressing key problems at home and abroad for our Defense and Security customers by rapidly delivering affordable innovations that work. 19% Textron Systems share of Textron 21 revenues Fast Facts > Approximate revenues by region: U.S.: 86%, Middle East: 7%, Latin America and Mexico: 3%, Europe: 2%, Asia Pacific: 1%, and Other: 1%. > Textron Systems has approximately 5,6 employees, of which approximately 1.4% are based outside the U.S. > Manufacturing facilities are located in Tustin, CA; New Orleans, LA; Slidell, LA; Wilmington, MA; Hunt Valley, MD; Williamsport, PA; Goose Creek, SC; Austin, TX; Richardson, TX; Sterling, VA; Notting Hill, Australia; Hamble, England. > Approximately 59, flight hours and over 135, flights logged by the Shadow Tactical Unmanned Aircraft System, primarily in support of combat operations in both Iraq and Afghanistan. > 117 Shadow Tactical Unmanned Aircraft Systems have been ordered by the U.S. Army, Army Reserves, Army National Guard, Marine Corps and USSOCOM; Orders from Sweden, Italy and Australia indicate the growing demand from international customers. > Approximately 2,5 One System Remote Video Terminal units already delivered and fielded. > Over 3,135 Armored Security Vehicles (ASV) and variants delivered to the U.S. Army and International Customers. > Approximately 5, Sensor Fuzed Weapons (SFW) delivered to the U.S. Air Force (USAF) with an additional 512 ordered by India and interest in over 1,3 from Saudi Arabia. > 37,-plus active Overwatch software licenses across U.S. intelligence agencies, military branches and unified commands. > More than 325, engines designed and built during Lycoming s 8 years in aviation over 2, of which are still in operation worldwide more than half of the world s piston powered rotary-wing and fixed-wing general aviation fleet. > Textron Systems operational excellence is recognized in industry certifications and awards, including AS91, ISO91:2, ISO141, SEI CMMI-SE/SW Level 5, Lycoming s Shingo Prize for Operational Excellence, and the U.S. Department of Defense (DoD) Performance-Based Logistics of the Year award. Sales By Product Line By Military Branch* 14% Weapons and Sensors 21% Mission Support 25% Land and Marine Systems 4% Navy 1 8 7% Other 7% Air Force 82% Army 6 4 advanced apps precision weapons force protect sit aware navy other airforce army 4% Unmanned Aircraft Systems 2 2 * U.S. Military sales only Strategic Steps Forward 1 advanced apps 8 > Continue to implement and expand solutions for addressing the DoD s current and emerging needs for situational awareness, force protection, precision 6 weapons, force mobility, and related services and support. 4 > Expand our global presence and customer base to address worldwide demand for Textron Systems products and services. 2 > Strengthen our position as a leading global supplier of Unmanned Aircraft Systems (UAS) and associated training, support and services for tactical military missions and commercial applications by: sustaining and expanding the Shadow and Aerosonde UAS product lines and adding new UAS offerings to the portfolio; leveraging UAS electronics, software and network capabilities to expand One System / C4ISRT (Command, Control, Communications, Computers, Intelligence, Surveillance, Reconnaissance and Targeting) products; and leveraging UAS integration expertise to move into adjacent unmanned systems applications. > Leverage installed base of intelligence and analysis applications to expand into adjacent product and service areas. precision weapons > Utilize our growing vehicle mobility and survivability capabilities to address force protect emerging domestic and international tactical vehicle requirements, while continuing sit aware to execute on current Armored Security Vehicle (ASV) and Armored Knight production and support contracts. > Deploy the capabilities and commonalities of our industry-leading lethal and non-lethal area denial and protection systems, such as Scorpion Intelligent Munitions System, Unattended Ground Sensors (UGS), Tactical RPG Airbag Protection System (TRAPS), Spider force protection system, and situational awareness software to provide our customers with optimized, synergistic solutions. > Expand our role as provider of compliant area attack weapons, networked ground munitions, and compliant systems that minimize risk to noncombatants, while continuing to leverage our precision weapons expertise and solutions to meet the demands of today s complex and ever-changing battlefield. > Continue to design, build and test aviation engine products with focused efforts on next generation electronic engine control systems, alternative fuels, and new applications. 6 Textron 21 Fact Book

9 Major Products and Services Foundation Growth & Expansion Unmanned Aircraft Systems New Unmanned Aircraft System Shadow One System Ground Control Station & One System Remote Video Terminal Manned Unmanned Teaming Aerosonde Next Gen Universal Ground Control Station Land and Marine Systems Unmanned Surface Vehicle M1117 Armored Security Vehicle Landing Craft Air Cushion M1117 Armored Personnel Carrier Mobile Survivable Vehicle Ship to Shore Connector Next Generation Armored Security Vehicle HMMWV Crew Protection Weapons and Sensors Sensor Fuzed Weapon Spider Unattended Ground Sensors Area Denial Clean Area Weapon Directed Energy Weapons Tactical Rocket Propelled Grenade Airbag Protection System Mission Support Lycoming Engines and Factory MRO Battlespace Awareness & Intel software Test & Training Multi-source intel PDCue Lycoming Engines Integrated Electronic Engine Light Weight Small Arms Technology Key Data Textron Systems (Dollars in millions) Revenues $1,979 $1,899 $1,88 $1,114 $ 79 Segment profit 1 $ 23 $ 24 $ 251 $ 174 $ 92 Segment profit margin 11.6% 12.6% 13.4% 15.6% 11.6% Backlog $1,598 $1,664 $2,19 $2,144 $1,126 Total assets $1,997 $1,973 $2,77 $2,37 $ 846 Capital expenditures $ 41 $ 31 $ 34 $ 33 $ 36 Depreciation and amortization $ 81 $ 85 $ 85 $ 41 $ 16 1 Segment profit for manufacturing segments excludes interest expense, certain corporate expenses and special charges. Textron 21 Fact Book 7

10 I N D U S T R I A L The Industrial segment consists of four businesses that manufacture and market branded industrial products worldwide. 24% Industrial s share of Textron 21 revenues Fast Facts > Approximate revenues by region: Europe: 39%, U.S.: 34%, Asia Pacific: 11%, Latin America and Mexico: 9%, Canada: 6%, Middle East/Africa: 1%. > Non-U.S. revenue by business: E-Z-GO (14%), Jacobsen (64%), Greenlee (53%), Kautex (81%). E-Z-GO Description E-Z-GO is a leading global light transportation vehicle designer and manufacturer for golf courses, municipalities, consumers, commercial, government and industrial users, such as airports, resorts and factories. Products include electric-powered and internal combustion-powered golf cars and multipurpose utility vehicles in use worldwide. Jacobsen Description Jacobsen offers a comprehensive line of turf-care products for golf courses, sporting venues, airports and municipalities, as well as commercial and industrial users. Products include professional turf maintenance equipment and specialized turf-care vehicles. Greenlee Description Greenlee offers the most complete line-up of tools, test equipment and accessories a wire or cable installer needs to complete the job. Electrical, telecom, industrial, plumbing and voice/data/video contractors depend on Greenlee to deliver high quality, innovative solutions that drive workforce efficiency and safety on a daily basis. > At the end of 21, Textron s Industrial segment had approximately 7,5 employees of which 67% were based outside of the U.S. > Manufacturing facilities are located in 13 countries: Belgium, Brazil, Canada, China, the Czech Republic, Germany, Italy, Japan, Mexico, Slovakia, Spain, the United Kingdom and the United States. Strategic Steps Forward > Build sales to consumers through new product offerings, particularly in growth areas such as electrically powered 4x4 vehicles and neighborhood electric vehicles (NEVs). > Expand retail sales distribution via organic growth of independent dealer network as well as entry into large national retailers. > Grow presence in industrial, commercial and government sectors. > Strengthen performance of golf segment through new product and service offerings and enhancement of distribution network. Strategic Steps Forward > Accelerate new product development. > Lead with innovative products focused on total cost of ownership. > Expand sales in developing markets, especially Asia. > Provide a superior customer experience through our global dealer network. Strategic Steps Forward > Accelerate innovative product development focused on enhancing contractor total cost productivity. > Drive velocity improvement and simplification in processes and services. > Continue to outperform the market during the recovery cycle through new products. Kautex Description Kautex is a leading global system supplier to the automotive industry. The company develops and produces blow-molded plastic fuel systems, automotive clear vision systems (windshield and headlamp washer systems), Selective Catalytic Reduction Systems, engine camshafts, and blow-molded industrial packaging products. Key Data Strategic Steps Forward > Expansion in Emerging Markets (e.g. new plant in Romania under construction) and enhancing of capabilities (e.g. start of local development center in Guangzhou, China). > Full Serial production of Next Generation Fuel System (NGFS) in North America and Europe; Introduction of the Second Generation Selective Catalytic Reduction System (SCR). > Innovative product development: Next Generation Carbon Canister and Hybrid tank solution to support customer needs. > Integrated Continuous Improvement approach focused on velocity and simplicity. Industrial (Dollars in millions) Revenues $2,524 $2,78 $2,918 $2,825 $2,611 Segment profit 1 $ 162 $ 27 $ 67 $ 173 $ 149 Segment profit margin 6.4% 1.3% 2.3% 6.1% 5.7% Total assets $1,64 $1,623 $1,788 $1,916 $1,839 Capital expenditures $ 51 $ 38 $ 69 $ 83 $ 7 Depreciation and amortization $ 72 $ 76 $ 83 $ 79 $ 8 1 Segment profit for manufacturing segments excludes interest expense, certain corporate expenses and special charges. 8 Textron 21 Fact Book

11 F I N A N C E S E G M E N T The Finance segment provides financing to customers purchasing products manufactured by Textron Inc. In December 28, Textron decided to exit the non-captive portion of our finance business. The Finance segment is comprised of Textron Financial Corporation and three Textron Inc. finance subsidiaries which provide financing through EXIM/EDC funding. 2% Finance s share of Textron 21 revenues Sources of Funding (as of 12/31/1) Portfolio Liquidation of $6.2 Billion in 29/21 $4.6 Billion 5% EXIM/EDC Managed Receivables (Dollars in millions) $1,821 $3, % Subordinated Debt 12% Securitization 12% Equity 32% Line of Credit 25% Long-Term Debt 7% Due to Manufacturing group $675 $486 $396 $191 $48 $78 $4, YE 28 Distribution Finance Captive Aviation Finance Golf Mortgage/Hotel Captive Golf Equipment Structured Capital Timeshare Other YE 21 Captive Managed Finance Receivables (as of 12/31/1) Non-Captive Managed Finance Receivables (as of 12/31/1) $2.3 Billion 9% Golf Equipment 11% Bell 62% Cessna $2.3 Billion 4% Other 14% Structured Capital 5% Distribution Finance 39% Timeshare 18% Independent Aviation 38% Golf Mortgage/Hotel Key Data Textron Finance Segment (Dollars in millions) Managed finance receivables 1 $ 4,626 $ 7,55 $1,821 $11,123 $1,241 Managed and serviced finance receivables 2 $ 5,45 $ 8,283 $12,173 $12,478 $11,536 Net interest margin % 2.46% 4.74% 5.66% 5.81% Operating and administrative expense as a age of average managed and serviced finance receivables 2.5% 2.1% 1.68% 1.71% 1.84% 6 day + delinquency 9.77% 9.17% 2.59%.43%.77% Nonaccrual % 2.17% 16.75% 4.1%.92%.9% Allowance for losses, % of finance receivables held for investment 8.13% 5.49% 2.76% 1.3% 1.11% Net charge-offs, % of average finance receivables held for investment % 1.81% 1.%.45%.38% Revenues $ 218 $ 361 $ 723 $ 875 $ 798 Segment profit (loss) 5 $ (237) $ (294) $ (5) $ 222 $ 21 Total assets $ 4,949 $ 7,512 $ 9,344 $ 9,383 $ 9, Dividends paid to Textron Inc. $ 55 $ 349 $ 142 $ 144 $ 89 Capital contributions paid to TFC under Support Agreement $ 383 $ 27 $ 625 $ $ 1 Managed finance receivables are owned receivables and receivables that continue to be serviced, but have been sold in securitizations or similar structures, where risks of ownership have been retained to the extent of our subordinated interests. 2 Managed and serviced finance receivables include participation interests sold to third-party financial institutions without retained credit risk, receivables subject to servicing agreements with third-party financial institutions and finance receivables of resort developers. 3 Net interest margin represents revenues earned less interest expense on borrowings and operating lease depreciation as a age of average net investment. Average net investment includes finance receivables plus operating leases, less deferred taxes on leveraged leases. 4 Average finance receivables include both finance receivables held for investment and finance receivables held for sale. 5 Segment profit (loss) represents the measurement used by Textron for evaluating performance and for decision-making purposes. Segment profit (loss) for the Finance segment includes interest income and expense and excludes special charges. Textron 21 Fact Book 9

12 F I N A N C I A L D AT A (Dollars in millions, except per share amounts) Revenues Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year Cessna $ 433 $ 635 $ 535 $ 96 $ 2,563 $ 769 $ 871 $ 825 $ 855 $ 3,32 $ 5,662 $ 5, $ 4,156 Bell , ,842 2,827 2,581 2,347 Textron Systems , ,899 1,88 1, Industrial , ,78 2,918 2,825 2,611 Finance Total revenues $ 2,21 $ 2,79 $ 2,479 $ 3,127 $1,525 $ 2,526 $ 2,612 $ 2,549 $ 2,813 $1,5 $14,1 $12,395 $1,72 Segment profit 2 Cessna $ (24) $ 3 $ (31) $ 23 $ (29) $ 9 $ 48 $ 32 $ 28 $ 198 $ 95 $ 865 $ 645 Bell Textron Systems Industrial (9) Finance (58) (71) (51) (57) (237) (66) (99) (64) (65) (294) (5) Total segment profit $ 96 $ 161 $ 112 $ 184 $ 553 $ 136 $ 88 $ 121 $ 13 $ 475 $ 1,451 $ 1,578 $ 1,24 Segment profit margins Cessna (5.5)%.5% (5.8)% 2.4% (1.1)% 11.7% 5.5% 3.9% 3.3% 6.% 16.% 17.3% 15.5% Bell 12.% 13.1% 13.% 14.2% 13.2% 9.3% 1.7% 12.6% 1.5% 1.7% 9.8% 5.6% 4.6% Textron Systems 12.% 13.1% 1.9% 1.4% 11.6% 12.4% 11.5% 13.5% 12.9% 12.6% 13.4% 15.6% 11.6% Industrial 7.8% 7.7% 6.2% 3.9% 6.4% (1.9)% 2.4% 1.1% 3.1% 1.3% 2.3% 6.1% 5.7% Finance (76.3)% (126.8)% (86.4)% (211.1)% (18.7)% (54.1)% (115.1)% (9.1)% (79.3)% (81.4)% (6.9)% 25.4% 26.3% Total profit margin 4.3% 5.9% 4.5% 5.9% 5.3% 5.4% 3.4% 4.7% 4.6% 4.5% 1.4% 12.7% 11.3% Special charges 3 (12) (1) (114) (54) (19) (32) (129) (42) (114) (317) (526) Corporate expenses and other, net (37) (17) (35) (48) (137) (35) (45) (44) (4) (164) (171) (257) (27) Interest expense, net for the manufacturing group (36) (35) (32) (37) (14) (28) (34) (4) (41) (143) (125) (87) (9) Income tax benefit (expense) (15) (18) (35) (368) (247) Income (loss) from continuing operations $ (4) $ 81 $ (48) $ 63 $ 92 $ 43 $ (62) $ 6 $ (6) $ (73) $ 324 $ 866 $ 66 EPS from continuing operations diluted 4 $ (.1) $.27 $ (.17) $.2 $.3 $.18 $ (.23) $.2 $ (.22) $ (.28) $ 1.29 $ 3.4 $ 2.53 Effective income tax rate 136.4% 18.2% 3.4% (4.)% (6.4)% (4.9)% 48.3% (22.)% 7.7% 51.% 48.6% 29.8% 27.2% Common stock information 4, 5 Price range : High $ $ 25.3 $ $ $ 25.3 $ $ $ 2.99 $ 21. $ 21. $ $ 74.4 $ Low $ $ $ 16.2 $ $ $ 3.57 $ 7.13 $ 8.51 $ $ 3.57 $ 1.9 $ 43.6 $ Dividends declared per share $.2 $.2 $.2 $.2 $.8 $.2 $.2 $.2 $.2 $.8 $.92 $.85 $.78 Diluted average shares outstanding (in thousands) 6 273,174 32, ,896 38,491 32, , ,91 278, , ,923 25, ,826 26,444 1 In the first quarter of 29, we sold the HR Textron business, which was in the Textron Systems segment, and, in the third quarter of 28, we completed the sale of our Fluid & Power business, which was in the Industrial segment. Both of these businesses have been reclassified into discontinued operations, and all periods presented have been recast to reflect this presentation. 2 Segment profit is an important measure used in evaluating performance and for decision-making purposes. Segment profit for manufacturing segments excludes interest expense, certain corporate expenses, and special charges. The measurement for the Finance segment includes interest income and expense and excludes special charges. 3 Special charges include restructuring charges of $99 million, $237 million and $64 million in 21, 29 and 28, respectively, primarily related to severance and asset impairment charges. In addition, in the third quarter of 21, special charges include a $91 million non-cash pre-tax charge to reclassify a foreign exchange loss from equity to the income statement as a result of substantially liquidating a Finance segment entity. In 29, special charges also include a goodwill impairment charge of $8 million in the Industrial segment. In 28, special charges also include charges related to strategic actions taken in the Finance segment to exit portions of the commercial finance business, including an impairment charge of $169 million for unrecoverable goodwill and the initial pre-tax mark-to-market adjustment of $293 million related to the designation of a portion of our finance receivables as held for sale. 4 For the years and quarters with a loss from continuing operations, the potential dilutive effect of stock options, restricted stock units and shares that could be issued upon the conversion of our 4.5% convertible Senior Notes and upon the exercise of the related warrants was excluded from the computation of diluted weighted-average shares outstanding as the shares would have an anti-dilutive effect on the loss from continuing operations. 5 Amounts for 26 have been restated to reflect a two-for-one stock split in Diluted average shares outstanding assumes the exercise of stock options, restricted stock units, and the shares that could be issued upon the conversion of our 4.5% convertible senior notes and upon the exercise of the related warrants. 1 Textron 21 Fact Book

13 S E L E C T E D F I N A N C I A L S T AT I S T I C S (Dollars in millions, except where noted and stock-related information) Income Revenues $ 1,525 $ 1,5 $ 14,1 $ 12,395 $ 1,72 Statement Segment profit ,451 1,578 1,24 Data Special charges (19) (317) (526) Corporate expenses and other, net (137) (164) (171) (257) (27) Interest expense, net for the manufacturing group (14) (143) (125) (87) (9) Income tax benefit (expense) 6 76 (35) (368) (247) Effective tax rate (6.4)% (51.)% 48.6% 29.8% 27.2% Income (loss) from continuing operations $ 92 $ (73) $ 324 $ 866 $ 66 Diluted EPS from continuing operations 1 $.3 $ (.28) $ 1.29 $ 3.4 $ 2.53 Balance Cash and cash equivalents $ 898 $ 1,748 $ 531 $ 471 $ 733 Sheet Data Accounts receivable, net Manufacturing Inventories 2,277 2,273 3,93 2,536 1,922 group Property, plant and equipment, net 1,932 1,968 2,88 1,894 1,677 Goodwill 1,632 1,622 1,698 1,883 1,18 Total assets from continuing operations 1,333 11,428 1,353 9,859 7,821 Total debt 2,32 3,584 2,569 2,146 1,796 Total liabilities from continuing operations 7,933 9,445 9,25 7,737 6,563 Shareholders equity 2,972 2,826 2,366 3,57 2,649 Non-GAAP Net cash provided by operating activities of continuing Cash Flow operations GAAP $ 73 $ 738 $ 47 $ 1,144 $ 1,44 Calculations Less: Capital expenditures (27) (238) (537) (369) (43) Manufacturing Dividends received from TFC (55) (349) (142) (135) (8) group 2 Plus: Capital contributions paid to TFC Proceeds on sale of property, plant and equipment Voluntary contributions to pension plans 35 Free cash flow Manufacturing group Non-GAAP $ 692 $ 424 $ 362 $ 646 $ 568 Required contributions to pension plans $ 67 $ 79 $ 7 $ 5 $ 33 Manufacturing cash flow before pension contributions Non-GAAP $ 759 $ 53 $ 432 $ 696 $ 61 Other Cash Depreciation and amortization Flow Items Net cash used in acquisitions (57) (19) (1,92) (338) Manufacturing Net proceeds from sale of businesses (14) 8 group Net change in debt (1,199) (252) Dividends paid (22) (21) (284) (154) (244) Purchases of Textron common stock (533) (34) (761) Total number of shares purchased (in thousands) 3 11,646 5,884 17,148 Key Ratios Segment profit margin 5.3% 4.5% 1.4% 12.7% 11.3% Selling and administrative expenses as % of sales 11.7% 12.8% 11.4% 12.4% 12.8% Inventory turns (based on FIFO) 2.7x 2.6x 3.7x 3.9x 4.1x Ratio of income to fixed charges Manufacturing group 3.67x 2.29x 4.95x 9.5x 7.22x Debt-to-capital (net of cash) Manufacturing group 32% 39% 46% 32% 29% Stock-Related Stock price at year-end $ $ $ $ $ Information Dividend payout ratio 4 26% (29)% 71% 25% 31% Dividends declared per share $.8 $.8 $.92 $.85 $.78 Other Research and development $ 72 $ 844 $ 966 $ 84 $ 771 Statistics Number of employees at year-end 32, 32, 43, 42, 38, Average revenues per employee (in thousands) $ 327 $ 293 $ 342 $ 331 $ 31 1 For the years and quarters with a loss from continuing operations, the potential dilutive effect of stock options, restricted stock units and shares that could be issued upon the conversion of our 4.5% convertible Senior Notes and upon the exercise of the related warrants was excluded from the computation of diluted weighted-average shares outstanding as the shares would have an anti-dilutive effect on the loss from continuing operations. 2 In 211, we changed the definition of our non-gaap cash flow measure to exclude all pension contributions. Prior periods have been recast to conform to this presentation. 3 Amounts for 26 have been restated to reflect a two-for-one stock split in Dividend payout ratio: Dividends declared/diluted earnings per share from continuing operations. Textron 21 Fact Book 11

14 R E T U R N O N I N V E S T E D C A P I T A L ( R O I C ) ROIC is a non-gaap financial measure that our management believes is useful to investors as a measure of performance and of the effectiveness of the use of capital in our operations. We measure performance based on our return on invested capital (ROIC), which is calculated by dividing ROIC income by average invested capital. ROIC income includes income from continuing operations and adds back after-tax amounts for 1) interest expense for the Manufacturing group, 2) special charges, 3) gains or losses on the sales of businesses or product lines and 4) operating results related to operations discontinued during the period. At the beginning of the year, our invested capital represents total shareholders equity and Manufacturing group debt, less its cash and cash equivalents and the loan to the Finance group. At the end of the year, we typically adjust ending invested capital for significant events unrelated to our normal operations for the year such as acquisitions, dispositions and special charges. In 26, we also adjusted invested capital to eliminate the impact of the adoption of a new accounting standard for pension plan accounting. T O T A L T E X T R O N (Dollars in millions) ROIC Income Income from continuing operations $ 92 $ (73) $ 324 $ 866 $ 66 Interest expense for Manufacturing group Special charges and gain on sale of businesses/product lines Operating results of business units in discontinued operations, net of taxes Other adjustments 2 (2) ROIC Income $ 335 $ 25 $ 892 $ 969 $ 764 Invested Capital at end of year Total shareholders equity $2,972 $2,826 $2,366 $3,57 $2,649 Total Manufacturing group debt 2 2,32 3,584 2,569 2,146 1,8 Loan to Finance group (315) (413) (133) Cash and cash equivalents for Manufacturing group (898) (1,748) (531) (471) (733) Net cash used by Manufacturing group for acquisitions (57) (19) (1,92) (338) Eliminate special charges, net of income taxes Eliminate net cash proceeds from sale of business Eliminate impact of gain on sale of businesses/product lines (8) (111) Adjustment to shareholders equity related to adoption of new accounting standard 647 Invested Capital at end of year, as adjusted 4,157 4,759 4,877 4,9 4,669 Invested Capital at beginning of year 4,249 4,271 5,184 3,716 4,412 Average Invested Capital $4,23 $4,515 $5,31 $3,93 $4,541 Return on Invested Capital 8.% 5.5% 17.7% 24.8% 16.8% 1 Includes HR Textron (29) and Fluid & Power (28). 2 Includes amounts classified as discontinued operations for Textron 21 Fact Book

15 S T O C K I N F O R M AT I O N Stock Exchange Listings Ticker Symbol TXT Common Stock New York Stock Exchange Chicago Stock Exchange Transfer Agent and Registrar American Stock Transfer & Trust Company, LLC Operations Center th Ave Brooklyn, NY (866) Capital Stock (as of January 1, 211) Common Stock: par value $.125 per share 5,, shares authorized 275,739, shares outstanding Dividends Common Stock Record dates: March 12, June 11, September 1 and December 1, 21 Payable dates: April 1, July 1, October 1, 21 and January 1, 211 Stock Splits Record dates: December 17, 1965; August 11, 1967; May 11, 1987; May 9, 1997 and August 3, 27 Distribution dates: January 1, 1966; September 1, 1967; June 1, 1987; May 3, 1997 and August 24, 27 General Information Share Ownership (estimated as of 1/1/211) This Fact Book is one of several sources of information available to Textron Inc. shareholders and the investment community. To receive a copy of Textron s Forms 1-K, 1-Q, Proxy Statement or Annual Report, visit our web site at call (888) TXT-LINE or send your written request to Textron Investor Relations at the address listed on the outside cover. For the most recent company news and earnings press releases, visit our web site at or call (888) TXT-LINE. 5% Foreign Institutions 11% Individual & Other 12% Employees/Directors/ Officers 72% U.S. Institutions Design: Textron 21 Fact Book 13

16 B U S I N E S S D I R E C T O R Y World Headquarters Textron Inc. 4 Westminster Street Providence, RI 293 (41) Bell Bell Helicopter P.O. Box 482 Ft. Worth, TX (817) Textron Systems Textron Systems 21 Lowell Street Wilmington, MA 1887 (978) Cessna Cessna Aircraft Company P.O. Box 776 Wichita, KS (316) Textron Financial Textron Financial Corporation 4 Westminster Street Providence, RI 293 (41) Industrial Kautex Kautexstrasse Bonn Germany Greenlee 4455 Boeing Drive Rockford, IL 6119 (815) E-Z-GO 1451 Marvin Griffin Road Augusta, GA 396 (76) Jacobsen 1118 Quality Drive Charlotte, NC (74) Contact Information Investors Douglas R. Wilburne Vice President, Investor Relations (41) (41) (fax) Rebecca C. Rosenbaum Manager, Investor Relations (41) (41) (fax) Banks and Rating Agencies Mary F. Lovejoy Vice President and Treasurer (41) (41) (fax) Media Adele J. Suddes Vice President, Communications (41) (41) (fax) Karen Gordon Quintal Director, External Communications & Brand Management (41) (41) (fax) Legal Entities: Avco Corporation ( Avco ) is a wholly owned subsidiary of Textron Inc. Bell Helicopter Textron Inc. ( Bell Helicopter ) is a wholly owned subsidiary of Textron Inc. Bell Helicopter consists of several subsidiaries and operating divisions. The Textron Systems group of businesses includes AAI Unmanned Aircraft Systems, AAI Test & Training, and AAI Logistics & Technical Services, each of which is an unincorporated division of AAI Corporation; Overwatch Systems Ltd.; Textron Systems Corporation (d/b/a Textron Defense Systems); Lycoming Engines, an operating division of Avco Corporation; and the Textron Marine & Land Systems Division of Textron Inc. AAI Corporation, Overwatch Systems Ltd., and Textron Systems Corporation are subsidiaries of Avco Corporation, a wholly-owned subsidiary of Textron Inc. Cessna Aircraft Company ( Cessna ) is a wholly owned subsidiary of Textron Inc. Kautex conducts its business through a number of separately incorporated companies and other operations. The Greenlee business unit consists of various legal entities, including but not limited to Greenlee Textron Inc.,a wholly owned subsidiary of Textron Inc. Textron Financial Corporation ( Textron Financial ) is a wholly owned subsidiary of Textron Inc. Textron Financial consists of several subsidiaries and operating divisions. Trademarks: AAI; AH-1Z; BA69; Bell/Agusta Aerospace Company, LLC; Bell Helicopter; Bravo; Cadillac Gage; Caravan; Caravan 675; Caravan Amphibian; Cessna; Cessna 35; Cessna 4; Citation; Citation Encore+; CitationAir; CitationAir Jetcard; Citation TEN; Citation X; Citation XLS+; Citation Sovereign; CJ1+; CJ2+; CJ3; CJ4; CLAW; Corvalis; Eclipse; Excel; E-Z-GO; Fly Smart. Fly Bell; Grand Caravan; Greenlee; H-1; Huey II; IE2; Kautex; Kiowa Warrior; Klauke; Lycoming; M1117 ASV; McCauley; Mustang; NGFS; Next Generation Fuel System; Overwatch; Paladin; PDCue; Power Advantage; Progressive; ProParts; Rothenberger LLC; RXV; Sensor Fuzed Weapon; SHADOW; Sovereign; SkyBOOKS; SkyPLUS; SkyCatcher; Skyhawk; Skyhawk SP; Skylane; ST 4X4; Stationair; Super Cargomaster; SuperCobra; SYMTX; TDCue; Tempo; Textron; Textron Defense Systems; Textron Financial Corporation; Textron Global Technology Center; Textron Marine & Land Systems; Textron Systems; Turbo Skylane; Turbo Stationair; UAV SYSTEMS SPECIALIST; UH-1Y; US Helicopter; V-22 Osprey; 2FIVE; 429 Certain statements in this Fact Book and other oral and written statements made by us from time to time are forward-looking statements which may describe strategies, goals, outlook or other non-historical matters, or project revenues, income, returns or other financial measures. These statements are only predictions and involve 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. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. In addition to those factors described in our Annual Report on Form 1-K and our Quarterly Reports on Form 1-Q under Risk Factors, among the factors that could cause actual results to differ materially from past and projected future results are the following: changing priorities or reductions in the U.S. Government defense budget, including those related to ongoing military operations in foreign countries; changes in worldwide economic and political conditions that impact demand for our products, interest rates and foreign exchange rates; our ability to perform as anticipated and to control costs under contracts with the U.S. Government; the U.S. Government s ability to unilaterally modify or terminate its contracts with us for the U.S. Government s convenience or for our failure to perform, to change applicable procurement and accounting policies, and, under certain circumstances, to suspend or debar us as a contractor eligible to receive future contract awards; changes in international funding priorities, foreign military budget constraints and determinations, and government policies on the export and import of military and commercial products; our Finance segment s ability to maintain portfolio credit quality and to realize full value of receivables and of assets acquired upon foreclosure of receivables; Textron Financial Corporation s ( TFC ) ability to maintain certain minimum levels of financial performance required under its committed bank line of credit and under Textron s support agreement with TFC; our Finance segment s access to financing, including securitizations, at competitive rates; performance issues with key suppliers, subcontractors and business partners; legislative or regulatory actions impacting our operations or demand for our products; the ability to control costs and successful implementation of various cost-reduction programs; the efficacy of research and development investments to develop new products and unanticipated expenses in connection with the launching of significant new products or programs the timing of new product launches and certifications of new aircraft products; the extent to which we are able to pass raw material price increases through to customers or offset such price increases by reducing other costs; increases in pension expenses and employee and retiree medical benefits; uncertainty in estimating reserves, including reserves established to address contingent liabilities, unrecognized tax benefits, and potential losses on TFC s receivables; difficult conditions in the financial markets that may adversely impact our customers ability to fund or finance purchases of our products; and continued volatility in the economy resulting in a prolonged downturn in the markets in which we do business.

Core EPS (non-gaap) rose 12 percent* to $1.97 on strong operating performance; GAAP EPS of $1.87

Core EPS (non-gaap) rose 12 percent* to $1.97 on strong operating performance; GAAP EPS of $1.87 News Release Boeing Corporate Offices 100 North Riverside Plaza Chicago, IL 60606-1596 www.boeing.com Boeing Reports Strong First-Quarter Results Core EPS (non-gaap) rose 12 percent* to $1.97 on strong

More information

BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability

BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability NEWS RELEASE FOR IMMEDIATE RELEASE June 19, BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability Waterloo, ON BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global leader in mobile communications,

More information

Form 10-K. Textron Inc. (Exact name of registrant as specified in its charter)

Form 10-K. Textron Inc. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K [ x ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January

More information

Media Contact: Mike Conway Director, Corporate Communications Sherwin-Williams Direct: 216.515.4393 Pager: 216.422.3751 mike.conway@sherwin.

Media Contact: Mike Conway Director, Corporate Communications Sherwin-Williams Direct: 216.515.4393 Pager: 216.422.3751 mike.conway@sherwin. The Sherwin-Williams Company Reports First Quarter 2012 Financial Results Consolidated net sales increased 15.1% to a record $2.14 billion Diluted net income per common share increased 50.8% to a record

More information

NEWS RELEASE BNCCORP, INC. REPORTS THIRD QUARTER NET INCOME OF $1.9 MILLION, OR $0.40 PER DILUTED SHARE SERIES A PREFERRED STOCK TO BE REDEEMED

NEWS RELEASE BNCCORP, INC. REPORTS THIRD QUARTER NET INCOME OF $1.9 MILLION, OR $0.40 PER DILUTED SHARE SERIES A PREFERRED STOCK TO BE REDEEMED NEWS RELEASE FOR FURTHER INFORMATION: WEBSITE: www.bnccorp.com TIMOTHY J. FRANZ, CEO TELEPHONE: (612) 305-2213 DANIEL COLLINS, CFO TELEPHONE: (612) 305-2210 BNCCORP, INC. REPORTS THIRD QUARTER NET INCOME

More information

News January 27, 2016 Contact: Lucy Ryan Tel: 703 876 3631 lryan@generaldynamics.com

News January 27, 2016 Contact: Lucy Ryan Tel: 703 876 3631 lryan@generaldynamics.com 2941 Fairview Park Drive Suite 100 Falls Church, VA 22042-4513 www.generaldynamics.com News January 27, 2016 Contact: Lucy Ryan Tel: 703 876 3631 lryan@generaldynamics.com General Dynamics Reports Fourth-Quarter,

More information

Monster Worldwide Reports Third Quarter 2015 Results

Monster Worldwide Reports Third Quarter 2015 Results Monster Worldwide Reports Third Quarter 2015 Results Third Quarter Financial Highlights: o Company Exceeds Expectations on All Profitability Metrics For the 5th Consecutive Quarter Adjusted EBITDA Including

More information

Boeing Reports Strong Third-Quarter Results; Raises Revenue, EPS and Cash Flow Guidance

Boeing Reports Strong Third-Quarter Results; Raises Revenue, EPS and Cash Flow Guidance News Release Boeing Corporate Offices 100 North Riverside Plaza Chicago, IL 60606-1596 www.boeing.com Boeing Reports Strong Third-Quarter Results; Raises Revenue, EPS and Cash Flow Guidance Core EPS (non-gaap)*

More information

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE O-I REPORTS FULL YEAR AND FOURTH QUARTER 2014 RESULTS O-I generates second highest free cash flow in the Company s history PERRYSBURG, Ohio (February 2, 2015) Owens-Illinois, Inc.

More information

Brunswick Earnings Conference Call Q3, 2015

Brunswick Earnings Conference Call Q3, 2015 Brunswick Earnings Conference Call Q3, 2015 Helping Active People Live Active Lives Forward-Looking Statements Certain statements in this presentation are forward-looking as defined in the Private Securities

More information

North America s Source for Equipment Finance

North America s Source for Equipment Finance North America s Source for Equipment Finance Certain information in this presentation is forward-looking and related to anticipated financial performance, events and strategies. When used in this context,

More information

Go Further 1Q 2015 FIXED INCOME REVIEW APRIL 28, 2015

Go Further 1Q 2015 FIXED INCOME REVIEW APRIL 28, 2015 Go Further 1Q 2015 FIXED INCOME REVIEW APRIL 28, 2015 FORD CREDIT 1Q 2015 OPERATING HIGHLIGHTS* Another strong performance with pre-tax profit of $483 million and net income of $306 million Managed receivables

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 May 8, 2014 Date of Report (Date of

More information

Exhibit 1. General Motors Company and Subsidiaries Supplemental Material (Unaudited)

Exhibit 1. General Motors Company and Subsidiaries Supplemental Material (Unaudited) Exhibit 1 General Motors Company and Subsidiaries The accompanying tables and charts include earnings before interest and taxes adjusted for special items, presented net of noncontrolling interests (EBIT-adjusted),

More information

FRANKLIN ELECTRIC REPORTS RECORD SECOND QUARTER 2013 SALES AND EARNINGS

FRANKLIN ELECTRIC REPORTS RECORD SECOND QUARTER 2013 SALES AND EARNINGS For Immediate Release For Further Information Refer to: John J. Haines 260-824-2900 FRANKLIN ELECTRIC REPORTS RECORD SECOND QUARTER 2013 SALES AND EARNINGS Bluffton, Indiana July 30, 2013 - Franklin Electric

More information

Exhibit 1. General Motors Company and Subsidiaries Supplemental Material (Unaudited)

Exhibit 1. General Motors Company and Subsidiaries Supplemental Material (Unaudited) Exhibit 1 General Motors Company and Subsidiaries The accompanying tables and charts include earnings before interest and taxes adjusted for special items, presented net of noncontrolling interests (EBIT-adjusted),

More information

GE Capital. Second quarter 2012 supplement

GE Capital. Second quarter 2012 supplement GE Capital Second quarter supplement Results are unaudited. This document contains forward-looking statements that is, statements related to future, not past, events. In this context, forward-looking statements

More information

North America s Source for Equipment Finance

North America s Source for Equipment Finance North America s Source for Equipment Finance Certain information in this presentation is forward-looking and related to anticipated financial performance, events and strategies. When used in this context,

More information

Q1 Fiscal Year 2016 Earnings Conference Call

Q1 Fiscal Year 2016 Earnings Conference Call NASDAQ: CMCO Q1 Fiscal Year 2016 Earnings Conference Call July 31, 2015 Timothy T. Tevens President & Chief Executive Officer Gregory P. Rustowicz Vice President - Finance & Chief Financial Officer 2015

More information

Cytec Announces First Quarter 2010 Results. As-Adjusted EPS of $0.66, Significantly Above Prior Year As-Adjusted EPS of $0.06

Cytec Announces First Quarter 2010 Results. As-Adjusted EPS of $0.66, Significantly Above Prior Year As-Adjusted EPS of $0.06 cytec News & Information Cytec Industries Inc. Five Garret Mountain Plaza Woodland Park, New Jersey 07424 www.cytec.com Contact: Jodi Allen (Investor Relations) (973) 357-3283 Release Date: Immediate Cytec

More information

TEXTRON S GLOBAL NETWORK OF BUSINESSES

TEXTRON S GLOBAL NETWORK OF BUSINESSES 2014 ANNUAL REPORT TEXTRON S GLOBAL NETWORK OF BUSINESSES BELL HELICOPTER TEXTRON SYSTEMS TEXTRON AVIATION INDUSTRIAL FINANCE Bell Helicopter is one of the leading suppliers of helicopters and related

More information

BlackBerry Reports Software and Services Growth of 106 Percent for Q4 and 113 Percent for Fiscal 2016

BlackBerry Reports Software and Services Growth of 106 Percent for Q4 and 113 Percent for Fiscal 2016 April 1, FOR IMMEDIATE RELEASE BlackBerry Reports Software and Services Growth of 106 Percent for Q4 and 113 Percent for Fiscal Company reports positive free cash flow for eighth consecutive quarter and

More information

PAR TECHNOLOGY CORPORATION ANNOUNCES 2011 THIRD QUARTER RESULTS

PAR TECHNOLOGY CORPORATION ANNOUNCES 2011 THIRD QUARTER RESULTS FOR RELEASE: NEW HARTFORD, NY, November 2, 2011 CONTACT: Christopher R. Byrnes (315) 738-0600 ext. 226 cbyrnes@partech.com, www.partech.com PAR TECHNOLOGY CORPORATION ANNOUNCES 2011 THIRD QUARTER RESULTS

More information

October 21, 2015 MEDIA & INVESTOR CONTACT Heather Worley, 214.932.6646 heather.worley@texascapitalbank.com

October 21, 2015 MEDIA & INVESTOR CONTACT Heather Worley, 214.932.6646 heather.worley@texascapitalbank.com October 21, 2015 MEDIA & INVESTOR CONTACT Heather Worley, 214.932.6646 heather.worley@texascapitalbank.com TEXAS CAPITAL BANCSHARES, INC. ANNOUNCES OPERATING RESULTS FOR Q3 2015 DALLAS - October 21, 2015

More information

last page of this release. 3 Operating margin is calculated as operating income divided by net revenues.

last page of this release. 3 Operating margin is calculated as operating income divided by net revenues. By: EARNINGS RELEASE Expeditors International of Washington, Inc. 1015 Third Avenue, Suite 1200 Seattle, Washington 98104 CONTACTS: R. Jordan Gates Bradley S. Powell President and Chief Operating Officer

More information

IBM REPORTS 2014 FOURTH-QUARTER AND FULL-YEAR RESULTS

IBM REPORTS 2014 FOURTH-QUARTER AND FULL-YEAR RESULTS IBM REPORTS 2014 FOURTH-QUARTER AND FULL-YEAR RESULTS Fourth-Quarter 2014: o Diluted EPS from continuing operations: - GAAP: $5.54, down 4 percent; - Operating (non-gaap): $5.81, down 6 percent; o Pre-tax

More information

Greif Reports Fourth Quarter 2014 Results

Greif Reports Fourth Quarter 2014 Results Contacts Analyst: Robert Lentz Media: Scott Griffin 614-876-2000 740-657-6516 Greif Reports Fourth Quarter 2014 Results Net sales for the fourth quarter 2014 were flat compared to the fourth quarter 2013

More information

Q3 Fiscal Year 2015 Earnings Conference Call

Q3 Fiscal Year 2015 Earnings Conference Call NASDAQ: CMCO Q3 Fiscal Year 2015 Earnings Conference Call January 29, 2015 Timothy T. Tevens President & Chief Executive Officer Gregory P. Rustowicz Vice President - Finance & Chief Financial Officer

More information

EARNINGS RELEASE FOR IMMEDIATE RELEASE EXPEDITORS REPORTS FOURTH QUARTER 2014 EPS OF $0.51 PER SHARE 1

EARNINGS RELEASE FOR IMMEDIATE RELEASE EXPEDITORS REPORTS FOURTH QUARTER 2014 EPS OF $0.51 PER SHARE 1 By: Expeditors International of Washington, Inc. 1015 Third Avenue, Suite 1200 Seattle, Washington 98104 EARNINGS RELEASE CONTACTS: R. Jordan Gates Bradley S. Powell President and Chief Operating Officer

More information

N E W S R E L E A S E

N E W S R E L E A S E N E W S R E L E A S E Corporate Headquarters 96 South George Street York, Pennsylvania 17401 U.S.A. www.glatfelter.com For Immediate Release Contacts: Investors: Media: John P. Jacunski William T. Yanavitch

More information

THIRD QUARTER 2015 RECORD RESULTS REPORTED BY AMPHENOL CORPORATION

THIRD QUARTER 2015 RECORD RESULTS REPORTED BY AMPHENOL CORPORATION Amphenol News Release World Headquarters 358 Hall Avenue P. O. Box 5030 Wallingford, CT 06492-7530 Telephone (203) 265-8900 FOR IMMEDIATE RELEASE For Further Information: Craig A. Lampo Senior Vice President

More information

Financial Information

Financial Information Financial Information Solid results with in all key financial metrics of 23.6 bn, up 0.4% like-for like Adjusted EBITA margin up 0.3 pt on organic basis Net profit up +4% to 1.9 bn Record Free Cash Flow

More information

news CTS CORPORATION Elkhart, Indiana 46514 574-523-3800

news CTS CORPORATION Elkhart, Indiana 46514 574-523-3800 - news CTS CORPORATION Elkhart, Indiana 46514 574-523-3800 FOR RELEASE: Immediately October 26, 2015 CTS ANNOUNCES THIRD QUARTER 2015 RESULTS Delivers solid operating results despite soft sales Addressing

More information

Garmin Reports Best Quarter and Best Year in Company History, Announces Share Repurchase Program, Offers 2008 Guidance

Garmin Reports Best Quarter and Best Year in Company History, Announces Share Repurchase Program, Offers 2008 Guidance INVESTOR CONTACT: Polly Schwerdt Phone 913/397-8200 E-Mail investor.relations@garmin.com MEDIA CONTACT: Ted Gartner Phone 913/397-8200 E-Mail media.relations@garmin.com Garmin Reports Best Quarter and

More information

Management Discussion and Analysis of Financial Position and Operating Results

Management Discussion and Analysis of Financial Position and Operating Results Management Discussion and Analysis of Financial Position and Operating Results The purpose of this analysis is to provide the reader with an overview of how the financial position of Héroux-Devtek Inc.

More information

Exhibit 1. General Motors Company and Subsidiaries Supplemental Material (Unaudited)

Exhibit 1. General Motors Company and Subsidiaries Supplemental Material (Unaudited) Exhibit 1 General Motors Company and Subsidiaries The accompanying tables and charts include earnings before interest and taxes adjusted for special items, presented net of noncontrolling interests (EBIT-adjusted)

More information

AVCONNECT EXPANDS ITS CLOUD-BASED SERVICES WITH CESSNA CONNECT

AVCONNECT EXPANDS ITS CLOUD-BASED SERVICES WITH CESSNA CONNECT PRESS RELEASE FOR IMMEDIATE RELEASE Date: Tuesday, July 24 th, 2012 Contact: Keri Stewart, kbs@avconnect.net Direct: 303.317.5300, x122; Cell: 310.770.5257 www.avconnect.net AVCONNECT EXPANDS ITS CLOUD-BASED

More information

News Release. Contact: Randy Belote (Media) 703-280-2720 randy.belote@ngc.com. Steve Movius (Investors) 703-280-4575 steve.movius@ngc.

News Release. Contact: Randy Belote (Media) 703-280-2720 randy.belote@ngc.com. Steve Movius (Investors) 703-280-4575 steve.movius@ngc. Northrop Grumman Reports Fourth Quarter and 2015 Financial Results News Release Contact: Randy Belote (Media) 703-280-2720 randy.belote@ngc.com Steve Movius (Investors) 703-280-4575 steve.movius@ngc.com

More information

Verifone Reports Results for the Second Quarter of Fiscal 2016

Verifone Reports Results for the Second Quarter of Fiscal 2016 Verifone Reports Results for the Second Quarter of Fiscal 2016 SAN JOSE, Calif. (BUSINESS WIRE) Verifone (NYSE: PAY), a world leader in payments and commerce solutions, today announced financial results

More information

BlackBerry Reports Strong Software Revenue and Positive Cash Flow for the Fiscal 2016 First Quarter

BlackBerry Reports Strong Software Revenue and Positive Cash Flow for the Fiscal 2016 First Quarter FOR IMMEDIATE RELEASE June 23, BlackBerry Reports Strong Software Revenue and Positive Cash Flow for the Fiscal 2016 First Quarter Waterloo, ON BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global leader

More information

COMPANY CONTACTS: Jay S. Hennick Founder & CEO. D. Scott Patterson President & COO (416) 960-9500

COMPANY CONTACTS: Jay S. Hennick Founder & CEO. D. Scott Patterson President & COO (416) 960-9500 COMPANY CONTACTS: Jay S. Hennick Founder & CEO D. Scott Patterson President & COO John B. Friedrichsen Senior Vice President & CFO (416) 960-9500 FOR IMMEDIATE RELEASE FirstService Reports Record Fourth

More information

W.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9

W.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9 W.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9 News Release GRAINGER REPORTS RESULTS FOR THE 2015 FIRST QUARTER Revises 2015 Guidance Quarterly Summary Sales of $2.4 billion, up 2 percent Operating

More information

N E W S R E L E A S E

N E W S R E L E A S E N E W S R E L E A S E Foot Locker, Inc. 112 West 34 th Street, New York, NY 10120 Contact: John A. Maurer Vice President, Treasurer and Investor Relations Foot Locker, Inc. (212) 720-4092 FOOT LOCKER,

More information

Delphi Reports Third Quarter 2015 Financial Results

Delphi Reports Third Quarter 2015 Financial Results Delphi Reports Third Quarter 2015 Financial Results GILLINGHAM, England - Delphi Automotive PLC (NYSE: DLPH), a leading global vehicle components manufacturer, today reported third quarter 2015 U.S. GAAP

More information

Q1 Fiscal 2015 Statistics

Q1 Fiscal 2015 Statistics Q1 Fiscal 2015 Statistics FedEx Corporation Financial and Operating Statistics First Quarter Fiscal 2015 September 17, 2014 This report is a statistical supplement to FedEx s interim financial reports

More information

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE By: EARNINGS RELEASE Expeditors International of Washington, Inc. 1015 Third Avenue, Suite 1200 Seattle, Washington 98104 CONTACTS: R. Jordan Gates Bradley S. Powell President and Chief Operating Officer

More information

Staples, Inc. Announces First Quarter 2016 Performance

Staples, Inc. Announces First Quarter 2016 Performance Media Contact: Mark Cautela 508-253-3832 Investor Contact: Chris Powers/Scott Tilghman 508-253-4632/1487 Staples, Inc. Announces First Quarter 2016 Performance FRAMINGHAM, Mass., May 18, 2016 Staples,

More information

Exhibit 1. General Motors Company and Subsidiaries Supplemental Material (Unaudited)

Exhibit 1. General Motors Company and Subsidiaries Supplemental Material (Unaudited) Exhibit 1 General Motors Company and Subsidiaries The accompanying tables and charts include earnings before interest and taxes adjusted for special items, presented net of noncontrolling interests, (EBIT-adjusted)

More information

FINANCIAL SUPPLEMENT December 31, 2015

FINANCIAL SUPPLEMENT December 31, 2015 FINANCIAL SUPPLEMENT December 31, 2015 Monster Worldwide, Inc. (together with its consolidated subsidiaries, the Company, Monster, we, our or us ) provides this supplement to assist investors in evaluating

More information

Contact Chris Grandis FINAL Media Relations Director Moved on Business Wire Corporate February 8, 2012 703.641.2316 cgrandis@csc.

Contact Chris Grandis FINAL Media Relations Director Moved on Business Wire Corporate February 8, 2012 703.641.2316 cgrandis@csc. Contact Chris Grandis FINAL Media Relations Director Moved on Business Wire Corporate February 8, 2012 703.641.2316 cgrandis@csc.com Bryan Brady Vice President, Investor Relations Corporate 703.641.3000

More information

CORNING INCORPORATED AND SUBSIDIARY COMPANIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited; in millions, except per share amounts)

CORNING INCORPORATED AND SUBSIDIARY COMPANIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited; in millions, except per share amounts) CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited; in millions, except per share amounts) Three months ended March 31, 2006 2005 As Restated Net sales $ 1,262 $ 1,050 Cost of sales 689 621 Gross margin

More information

Motorola Solutions Reports Fourth-Quarter and Full-Year 2015 Financial Results

Motorola Solutions Reports Fourth-Quarter and Full-Year 2015 Financial Results Motorola Solutions Reports Fourth-Quarter and Full-Year 2015 Financial Results Company closes acquisition of Airwave, leading public safety managed services provider FOURTH-QUARTER HIGHLIGHTS Sales of

More information

Walmart reports Q1 FY 16 EPS of $1.03

Walmart reports Q1 FY 16 EPS of $1.03 Walmart reports Q FY 6 EPS of.03 Q diluted EPS from continuing operations was.03, within guidance of 0.95 to.0. Currency negatively impacted EPS by approximately 0.03. Walmart U.S..% comp includes positive

More information

Spectra Energy Reports Third Quarter 2007 Results

Spectra Energy Reports Third Quarter 2007 Results Media: Molly Boyd (713) 627-5923 (713) 627-4747 (24-hour media line) Analysts: John Arensdorf (713) 627-4600 Date: November 6, 2007 Spectra Energy Reports Third Quarter 2007 Results Third quarter ongoing

More information

BlackBerry Reports Record Software and Services Revenue for Q1 Fiscal 2017

BlackBerry Reports Record Software and Services Revenue for Q1 Fiscal 2017 June 23, 2016 FOR IMMEDIATE RELEASE BlackBerry Reports Record Software and Services Revenue for Q1 Fiscal 2017 Company delivers positive non-gaap operating income and breakeven non-gaap EPS Waterloo, ON

More information

Carlisle Companies Inc.

Carlisle Companies Inc. Carlisle Companies Inc. David A. Roberts Chairman and CEO D. Christian Koch President and COO Steven J. Ford Vice President and CFO November 204 Forward Looking Statements This presentation contains forward-looking

More information

Strategic and Operational Overview May 11, 2016

Strategic and Operational Overview May 11, 2016 Strategic and Operational Overview May 11, 2016 Safe Harbor Statement This presentation contains several forward-looking statements. Forward-looking statements are those that use words such as believe,

More information

Financial Results. siemens.com

Financial Results. siemens.com s Financial Results Fourth Quarter and Fiscal 2015 siemens.com Key figures (in millions of, except where otherwise stated) Volume Q4 % Change Fiscal Year % Change FY 2015 FY 2014 Actual Comp. 1 2015 2014

More information

Asia Pacific Wire & Cable Company Reports Full Year 2013 Financial Results

Asia Pacific Wire & Cable Company Reports Full Year 2013 Financial Results Asia Pacific Wire & Cable Company Reports Full Year 2013 Financial Results Gross profit was $51.8 million, an increase of 2.6% from $50.5 million in FY2012 Cash flows from operations was $20.6 million,

More information

Element Reports $0.32 per share of Free Operating Cash Flow and Initiates Quarterly Dividend of $0.025 per share

Element Reports $0.32 per share of Free Operating Cash Flow and Initiates Quarterly Dividend of $0.025 per share News Release For Immediate Release Element Reports 0.32 per share of Free Operating Cash Flow and Initiates Quarterly Dividend of 0.025 per share U.S. portion of GE Fleet transaction closed August 31 st

More information

Thomas A. Bessant, Jr. (817) 335-1100

Thomas A. Bessant, Jr. (817) 335-1100 Additional Information: Thomas A. Bessant, Jr. (817) 335-1100 For Immediate Release ********************************************************************************** CASH AMERICA FIRST QUARTER NET INCOME

More information

THE WALT DISNEY COMPANY REPORTS RECORD QUARTERLY EARNINGS FOR THE FIRST QUARTER OF FISCAL 2016

THE WALT DISNEY COMPANY REPORTS RECORD QUARTERLY EARNINGS FOR THE FIRST QUARTER OF FISCAL 2016 FOR IMMEDIATE RELEASE February 9, THE WALT DISNEY COMPANY REPORTS RECORD QUARTERLY EARNINGS FOR THE FIRST QUARTER OF FISCAL Global success of Star Wars: The Force Awakens drove record quarterly operating

More information

Contact Christopher Mecray D +1 215 255 7970 Christopher.Mecray@axaltacs.com

Contact Christopher Mecray D +1 215 255 7970 Christopher.Mecray@axaltacs.com Axalta Coating Systems 2001 Market Street Suite 3600 Philadelphia, PA 19103 USA Contact Christopher Mecray D +1 215 255 7970 Christopher.Mecray@axaltacs.com For Immediate Release Axalta Releases Second

More information

BLACKBERRY REPORTS THIRD QUARTER RESULTS FOR FISCAL 2014

BLACKBERRY REPORTS THIRD QUARTER RESULTS FOR FISCAL 2014 NEWS RELEASE FOR IMMEDIATE RELEASE December 20, 2013 BLACKBERRY REPORTS THIRD QUARTER RESULTS FOR FISCAL 2014 Waterloo, ON BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global leader in wireless innovation,

More information

DELPHI REPORTS FOURTH QUARTER AND FULL YEAR 2014 FINANCIAL RESULTS

DELPHI REPORTS FOURTH QUARTER AND FULL YEAR 2014 FINANCIAL RESULTS DELPHI REPORTS FOURTH QUARTER AND FULL YEAR 2014 FINANCIAL RESULTS GILLINGHAM, England - Delphi Automotive PLC (NYSE: DLPH), a leading global vehicle components manufacturer, today reported fourth quarter

More information

WEYCO REPORTS THIRD QUARTER SALES AND EARNINGS

WEYCO REPORTS THIRD QUARTER SALES AND EARNINGS WEYCO REPORTS THIRD QUARTER SALES AND EARNINGS (Milwaukee, Wisconsin---November 4, 2014) Weyco Group, Inc. (NASDAQ:WEYS) (the Company ) today announced financial results for the quarter ended September

More information

China Clean Energy Announces Third Quarter 2011 Financial Results

China Clean Energy Announces Third Quarter 2011 Financial Results China Clean Energy Inc. ccontact: China Clean Energy Inc. William Chen, CFO Email: william.chen@chinacleanenergyinc.com Website: http://www.chinacleanenergyinc.com CCG Investor Relations Inc. David Rudnick,

More information

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE FirstMerit Corporation Analysts: Thomas O Malley/Investor Relations Officer Phone: 330.384.7109 Media Contact: Robert Townsend/Media Relations Officer Phone: 330.384.7075 FirstMerit

More information

Northwest Bancshares, Inc. Announces Quarterly Earnings and Dividend Declaration

Northwest Bancshares, Inc. Announces Quarterly Earnings and Dividend Declaration EARNINGS RELEASE FOR IMMEDIATE RELEASE Contact: William J. Wagner, President and Chief Executive Officer (814) 726-2140 William W. Harvey, Jr., Executive Vice President and Chief Financial Officer (814)

More information

ADP Reports Third Quarter Fiscal 2014 Results

ADP Reports Third Quarter Fiscal 2014 Results April 30, 2014 ADP Reports Third Quarter Fiscal 2014 Results Revenues Rise 7%, Nearly all Organic, to $3.3 Billion for the Quarter; EPS Rises 7% ROSELAND, N.J., April 30, 2014 (GLOBE NEWSWIRE) -- ADP (Nasdaq:ADP),

More information

Management s Discussion and Analysis

Management s Discussion and Analysis Management s Discussion and Analysis of Financial Conditions and Results of Operations For the quarter and six months ended June 30, 2012 All figures in US dollars This Interim Management s Discussion

More information

DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014

DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014 For Immediate Release DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014 HIGHLIGHTS Q1 2014 First quarter 2014 ( Q1 ) Revenues of 77.9 million, Q1 Gross Profit of 18.8 million and Q1 Net Income of

More information

Microsoft Cloud Strength Highlights Second Quarter Results

Microsoft Cloud Strength Highlights Second Quarter Results Microsoft Cloud Strength Highlights Second Quarter Results Commercial cloud annualized revenue run rate exceeds $9.4 billion; Windows 10 active on over 200 million devices REDMOND, Wash. January 28, 2016

More information

TORSTAR CORPORATION REPORTS SECOND QUARTER RESULTS

TORSTAR CORPORATION REPORTS SECOND QUARTER RESULTS PRESS RELEASE TORSTAR CORPORATION REPORTS SECOND QUARTER RESULTS TORONTO, ONTARIO (Marketwired July 30, 2014) Torstar Corporation (TSX:TS.B) today reported financial results for the second quarter ended

More information

FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.

FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3. FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.00 Fiscal Year 2014 Net Sales Increase 8% to $3.510 Billion;

More information

IFMI REPORTS SECOND QUARTER 2015 FINANCIAL RESULTS

IFMI REPORTS SECOND QUARTER 2015 FINANCIAL RESULTS IFMI REPORTS SECOND QUARTER 2015 FINANCIAL RESULTS Second Quarter Adjusted Operating Income of $1.0 Million or $0.05 per Diluted Share Board Declares Dividend of $0.02 per Share Philadelphia and New York,

More information

Regal Beloit Corporation Fourth Quarter 2014 Earnings Conference Call

Regal Beloit Corporation Fourth Quarter 2014 Earnings Conference Call Regal Beloit Corporation Fourth Quarter 2014 Earnings Conference Call February 17, 2015 Mark Gliebe Chairman and Chief Executive Officer Jon Schlemmer Chief Operating Officer Chuck Hinrichs Vice President

More information

4Q and FYE 2014 Results Conference Call

4Q and FYE 2014 Results Conference Call A global environmental technology company focused on air pollution control, energy, fluid handling and filtration industries 4Q and FYE 2014 Results Conference Call March 5, 2015 1 Safe Harbor Statement

More information

Intel Reports Second-Quarter Results

Intel Reports Second-Quarter Results Intel Corporation 2200 Mission College Blvd. Santa Clara, CA 95054-1549 CONTACTS: Mark Henninger Amy Kircos Investor Relations Media Relations 408-653-9944 480-552-8803 mark.h.henninger@intel.com amy.kircos@intel.com

More information

Brookfield financial Review q2 2010

Brookfield financial Review q2 2010 Brookfield financial Review q2 2010 Overview Operating cash flow and gains totalled $327 million in the second quarter or $0.53 per share compared to $294 million in the prior year. This brings operating

More information

News Release. 3D Systems Reports Second Quarter and Six Months 2014 Financial Results

News Release. 3D Systems Reports Second Quarter and Six Months 2014 Financial Results News Release 333 Three D Systems Circle Rock Hill, SC 29730 www.3dsystems.com NYSE: DDD Investor Contact: Stacey Witten Email: Stacey.Witten@3dsystems.com Media Contact: Alyssa Reichental Email: Press@3dsystems.com

More information

Second Quarter 2015 Investor Conference Call

Second Quarter 2015 Investor Conference Call Second Quarter 2015 Investor Conference Call August 20, 2015 December 13, 2012 DRAFT 5 Safe Harbor Basis of Presentation Unless otherwise noted or unless the context otherwise requires, all references

More information

IBM REPORTS 2013 FOURTH-QUARTER AND FULL-YEAR RESULTS

IBM REPORTS 2013 FOURTH-QUARTER AND FULL-YEAR RESULTS IBM REPORTS 2013 FOURTH-QUARTER AND FULL-YEAR RESULTS Fourth-Quarter 2013: o Diluted EPS: - GAAP: $5.73, up 12 percent; - Operating (non-gaap): $6.13, up 14 percent; o Net income: - GAAP: $6.2 billion,

More information

Consolidated Earnings Report for the Second Quarter of Fiscal 2011 [Japanese GAAP]

Consolidated Earnings Report for the Second Quarter of Fiscal 2011 [Japanese GAAP] Consolidated Earnings Report for the Second Quarter of Fiscal 2011 [Japanese GAAP] October 27, 2010 Company Name: KOITO MANUFACTURING CO., LTD. Stock Listing: First Section, Tokyo Stock Exchange Code Number:

More information

Lending Club Reports Third Quarter 2015 Results Q3 operating revenue up 104% year-over-year to $115.1 million

Lending Club Reports Third Quarter 2015 Results Q3 operating revenue up 104% year-over-year to $115.1 million Lending Club Reports Third Quarter Results Q3 operating revenue up 104% year-over-year to $115.1 million SAN FRANCISCO October 29, Lending Club (NYSE:LC), the world s largest online marketplace connecting

More information

Astronics Corporation Reports First Quarter 2009 Results

Astronics Corporation Reports First Quarter 2009 Results NEWS RELEASE Astronics Corporation 130 Commerce Way East Aurora, NY 14052-2164 FOR IMMEDIATE RELEASE For more information contact: David C. Burney, Chief Financial Officer Phone: (716) 805-1599, ext. 159

More information

Contacts: Investor Relations Evan Black & Kristina Carbonneau 800.493.8219 InvestorRelations@santanderconsumerusa.com

Contacts: Investor Relations Evan Black & Kristina Carbonneau 800.493.8219 InvestorRelations@santanderconsumerusa.com Contacts: Investor Relations Evan Black & Kristina Carbonneau 800.493.8219 InvestorRelations@santanderconsumerusa.com Media Relations Laurie Kight 214.801.6455 LKight@santanderconsumerusa.com Santander

More information

Tower International Reports Solid Third Quarter And Raises Full Year Outlook

Tower International Reports Solid Third Quarter And Raises Full Year Outlook FOR IMMEDIATE RELEASE Tower International Reports Solid Third Quarter And Raises Full Year Outlook LIVONIA, Mich., November 3, 2011 Tower International, Inc. [NYSE: TOWR], a leading integrated global manufacturer

More information

Earnings Release Q2 FY 2015 January 1 to March 31, 2015

Earnings Release Q2 FY 2015 January 1 to March 31, 2015 Munich, Germany, May 7, 2015 Earnings Release FY 2015 January 1 to March 31, 2015 Portfolio gains drive income»for business volume, we performed well in our markets. The profitability of our Industrial

More information

FINANCIAL SUMMARY. (All financial information has been prepared in accordance with U.S. generally accepted accounting principles)

FINANCIAL SUMMARY. (All financial information has been prepared in accordance with U.S. generally accepted accounting principles) FINANCIAL SUMMARY FY2015 First Quarter (April 1, 2014 through June 30, 2014) English translation from the original Japanese-language document TOYOTA MOTOR CORPORATION FY2015 First Quarter Consolidated

More information

State Bank Financial Corporation Reports Fourth Quarter and Full Year 2015 Financial Results

State Bank Financial Corporation Reports Fourth Quarter and Full Year 2015 Financial Results Investor Relations Contact: Jeremy Lucas 404.239.8626 / jeremy.lucas@statebt.com Fourth Quarter 2015 Highlights State Bank Financial Corporation Reports Fourth Quarter and Full Year 2015 Financial Results

More information

FOR IMMEDIATE RELEASE VIA THE CANADIAN CUSTOM DISCLOSURE NETWORK NEWS RELEASE MAGELLAN AEROSPACE CORPORATION ANNOUNCES FINANCIAL RESULTS

FOR IMMEDIATE RELEASE VIA THE CANADIAN CUSTOM DISCLOSURE NETWORK NEWS RELEASE MAGELLAN AEROSPACE CORPORATION ANNOUNCES FINANCIAL RESULTS FOR IMMEDIATE RELEASE VIA THE CANADIAN CUSTOM DISCLOSURE NETWORK NEWS RELEASE MAGELLAN AEROSPACE CORPORATION ANNOUNCES FINANCIAL RESULTS Toronto, Ontario March 22, 2016 Magellan Aerospace Corporation (

More information

Aerosonde UAS: A Game Changer in Oil and Gas Security Jack Kormas Director of Operations, Aerosonde Pty Ltd 24 February 2015

Aerosonde UAS: A Game Changer in Oil and Gas Security Jack Kormas Director of Operations, Aerosonde Pty Ltd 24 February 2015 Aerosonde UAS: A Game Changer in Oil and Gas Security Jack Kormas Director of Operations, Aerosonde Pty Ltd 24 February 2015 1 extron Inc. Leading Businesses Bell extron Aviation extron Systems Industrial

More information

Third Quarter 2015 Financial Highlights:

Third Quarter 2015 Financial Highlights: DISCOVERY COMMUNICATIONS REPORTS THIRD QUARTER 2015 RESULTS, INCREASES BUYBACK AUTHORIZATION BY $2 BILLION AND ANNOUNCES RESUMPTION OF SHARE REPURCHASES BEGINNING IN FOURTH QUARTER 2015 Third Quarter 2015

More information

Spectra Energy Reports Second Quarter 2008 Results, Net Income Up 51 Percent from Prior Year

Spectra Energy Reports Second Quarter 2008 Results, Net Income Up 51 Percent from Prior Year Media: Analysts: Molly Boyd (713) 627-5923 (713) 627-4747 (24-hour media line) John Arensdorf (713) 627-4600 Date: August 6, 2008 Spectra Energy Reports Second Quarter 2008 Results, Net Income Up 51 Percent

More information

Second Quarter Highlights

Second Quarter Highlights Kalamazoo, Michigan - July 23, 2015 - Stryker Corporation (NYSE:SYK) reported operating results for the second quarter of 2015: Second Quarter Highlights Raises full year organic sales growth guidance

More information

United Rentals Announces Fourth Quarter and Full Year 2015 Results and Provides 2016 Outlook

United Rentals Announces Fourth Quarter and Full Year 2015 Results and Provides 2016 Outlook United Rentals Announces Fourth Quarter and Full Year 2015 Results and Provides 2016 Outlook United Rentals, Inc. 100 First Stamford Place Suite 700 Stamford, CT 06902 Telephone: 203 622 3131 203 622 6080

More information

650-527-5152 650-527-6273 SYMANTEC REPORTS FIRST QUARTER FISCAL YEAR 2016 RESULTS

650-527-5152 650-527-6273 SYMANTEC REPORTS FIRST QUARTER FISCAL YEAR 2016 RESULTS FOR IMMEDIATE RELEASE MEDIA CONTACT: INVESTOR CONTACT: Kristen Batch Sean Hazlett Symantec Corp. Symantec Corp. 650-527-5152 650-527-6273 kristen_batch@symantec.com sean_hazlett@symantec.com SYMANTEC REPORTS

More information

Lockheed Martin Corporation

Lockheed Martin Corporation Lockheed Martin Corporation Portfolio Shaping Actions & 2 nd Quarter 2015 Financial Results July 20, 2015 11:00 am EDT Webcast login at www.lockheedmartin.com/investor Webcast replay & podcast available

More information

Sanford C. Bernstein Strategic Decisions Conference. May 2014. Tom Lynch Chairman and Chief Executive Officer

Sanford C. Bernstein Strategic Decisions Conference. May 2014. Tom Lynch Chairman and Chief Executive Officer Sanford C. Bernstein Strategic Decisions Conference May 2014 Tom Lynch Chairman and Chief Executive Officer FORWARD-LOOKING STATEMENTS AND NON-GAAP MEASURES Forward-Looking Statements -- This presentation

More information