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Textron TXT Specialized Vehicles — Special Charges

Discontinued — last reported Q4 '18

Similar metrics at other companies

IR
IRSpecialty Vehicle Technologies — Restructuring Charges
$200K
SPX Technologies logo
SPXCRevenues — Special charges, net
$0+100%
McCormick & Company, Incorporated logo
MKCUnited States — Special charges
$13.23M
SPX Technologies logo
SPXCOperating Segments — Special Charges
$650K-50.9%
SPX Technologies logo
SPXCEngineered Solutions reportable segment — Special charges, net
$0
SPX Technologies logo
SPXCCost of products sold — Special charges, net
$200K0.0%

Other financials

Income statement

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Revenue$3.7B+11.8%
Gross profit$504.0M
Net income$220.0M+6.3%
EPS (diluted)$1.25+10.6%

Balance sheet

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Cash & equivalents$1.6B+29.3%
Total debt$437.0M-6.2%
Total equity$8.0B+10.0%
Total assets$18.1B+7.1%

Cash flow

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Operating cash flow-$117.0M+5.6%
CapEx$133.0M+138%
Free cash flow-$250.0M-38.9%

Valuation

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Market cap$15.56B+36.2%
Enterprise value$14.38B+35.3%
P/E16.7×+2.9×
P/S+0.2×

Profitability

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Gross margin16.2%
Net margin6.1%+0.2pp

Returns & leverage

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Return on equity12.2%+0.5pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by Textron in its filing.

Tagged under the XBRL concept txt:SpecialCharges.

The official record: Textron’s 10-K, filed February 25, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does specialized vehicles — special charges mean?
One-time, non-recurring costs incurred by the Specialized Vehicles segment that fall outside of normal day-to-day operations.
How do you interpret specialized vehicles — special charges?
An increase indicates significant restructuring, asset write-downs, or unexpected legal/operational costs, while a decrease suggests a return to normalized operations and reduced volatility.
How does specialized vehicles — special charges compare across companies?
Peers in industrial and automotive manufacturing often report similar 'restructuring' or 'special items' charges, which are typically evaluated by comparing the frequency and magnitude of these items against long-term segment operating margins.