Textron Lowered FY24 Adjusted EPS Guidance To $5.40 -$5.60 (From $6.20 -$6.40) Vs. $6.11 Est.
Portfolio Pulse from Benzinga Newsdesk
Textron has lowered its FY24 adjusted EPS guidance due to a recent labor strike that affected production and delivery activities. The new guidance is $5.40-$5.60, down from $6.20-$6.40, with expected negative impacts on revenue and profit in Q4 2024.
October 24, 2024 | 10:35 am
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Textron has revised its FY24 adjusted EPS guidance downward due to a labor strike that disrupted production. The new guidance is $5.40-$5.60, compared to the previous $6.20-$6.40, with anticipated negative impacts on Q4 2024 revenue and profit.
The labor strike led to a disruption in production and delivery activities, prompting Textron to lower its EPS guidance. This indicates a direct negative impact on the company's financial performance, particularly in Q4 2024.
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