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Textron Inc.

Industry: Conglomerates

Fortune Rank: 220

For the nine months ended 1 October 2005, Textron Incorporated's total revenues increased 19% to $8.84B. Net income for the period from continuing operations decreased 83% to $42M. Revenues benefited from the expansion of the company's end markets, strong top-line growth and increased aircraft backlog. Net income was offset by an increase in fastening systems cost of revenues as a percentage of revenues.

Textron Inc. is a global multi-industry company operating in five business segments: Bell, Cessna, Fastening Systems, Industrial and Finance. The Bell segment is composed of Bell Helicopter and Textron Systems. Cessna Aircraft Company is a manufacturer of general aviation aircraft. The Company's Fastening Systems segment, Textron Fastening Systems (TFS), offers a full range of fastening technologies, which include fasteners, engineered assemblies and automation equipment to global customers in the aerospace, automotive, computer, construction, electronics, electrical equipment, industrial equipment, non-automotive transportation, telecommunications and white good markets. The industrial segment consists of E-Z-GO, Jacobsen, Kautex, Greenlee and Fluid & Power. The finance segment consists of Textron Financial Corporation and its subsidiaries. In February 2005, Textron divested its InteSys Technologies business, a manufacturer of injection-molded components and assemblies.

Textron Inc.

Textron Inc. achieved revenue of $10,548.00 million in 2010 but posted a loss of $-31.00 million.

Textron Inc.'s rank changes

The company's ranking in 2010 was a decline from 2009 when it was ranked 173rd on the Fortune 500. The Previous ranking was based on its 2009 revenue of $14,806 million (a change of -4 million compared to 2010) and profits of $486 million (a change of -517 million compared to 2010).

Another point of view

To many investors, profits are more important than revenue a company earns, If the Fortune 500 was ranked by profits instead of revenue then Textron Inc. would be ranked 407th rather than 220th due to the fact it made a loss of $-31 million in 2010.

* US$ Million

• Address
  • Textron Inc.
    40 Westminster Street
    Providence
    RI
    02903
• Contact Details
  • Phone: 401-421-2800
  • Fax: 401-421-2878
  • Website: www.Textron.com
  • Stock Symbol: TXT

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