3.43B 9.3%
Total Revenue QoQ (USD) - Q3 '24

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Income Statement (USD)

Q3 '24 QoQ
Revenue 3.43B 9.3%
Gross Profit 3.21B 11.8%
Cost of Revenue 216M 17.9%
Operating expense 3.46B 7.1%
Net Income 223M 10.9%

Balance Sheet (USD)

Q3 '24 QoQ
Total Assets 16.5B 0.2%
Total Liabilities 9.5B 0.2%
Total Equity 6.95B 0.3%
Shares Outstanding 186M 2.9%

Cash Flow (USD)

Q3 '24 QoQ
Cash from operations 223M 3285.7%

EPS

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Financial Highlights for Textron in Q3 '24

Textron reported a revenue of 3.43B, which is a 9.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.

Gross Profit stood at 3.21B, marking a 11.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.

Cost of Revenue was 216M, a -17.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.

Operating Expenses for this period were 3.46B, showing a 7.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.

Net Income for the quarter was 223M, showing a 10.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.

It was a positive quarter for Textron with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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