Discontinued — last reported Q2 '24
Business Segments · Severance costs
Industrial — Severance costs
Textron Industrial — Severance costs decreased by 40.9% to $13M in Q2 2024 compared to the prior quarter. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityVolatile
First reportedQ2 2020
Last reportedQ2 2024Jul 30, 2024
Rolls up toRestructuring Charges
How to read this metric
High severance costs often signal a pivot toward cost-cutting and efficiency, which may lead to improved margins in future periods.
Detailed definition
Represents the costs associated with employee layoffs, early retirement packages, or other workforce reduction programs...
Peer comparison
Standard line item in 'Restructuring' or 'Personnel-related charges' for industrial firms.
Metric ID:
txt_segment_industrial_severance_costsHistorical Data
2 periods
| Q1 '24 | Q2 '24 | |
|---|---|---|
| Value | $22M | $13M |
| QoQ Change | — | -40.9% |
Range$13M – $22M
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Frequently Asked Questions
- What is Textron's industrial — severance costs?
- Textron (TXT) reported industrial — severance costs of $13M in Q2 2024.
- What does industrial — severance costs mean?
- The cost of paying out employees during workforce reduction programs.