What does textron aviation — restructuring charges mean?

Expenses related to reorganizing or downsizing business operations.

How do you interpret textron aviation — restructuring charges?

High charges suggest significant operational transformation, which may lead to future margin improvements but indicate current operational friction.

How does textron aviation — restructuring charges compare across companies?

Commonly disclosed as 'Restructuring costs' or 'Exit costs' in segment operating expenses.

Textron TXT Textron Aviation — Restructuring Charges

Discontinued — last reported Q4 '20

Similar metrics at other companies

TSNCorporate and Other — Restructuring and Related Cost, Incurred Cost

$3M—

TDYInstrumentation — Restructuring Charges

$325K-78.0%

ITTControl Technologies — Restructuring Charges

$350K-73.6%

TDYOperating Segments — Restructuring Charges

$1.05M-75.7%

TTMIOperating Segments — Restructuring Charges

$65K-93.1%

TTMIRadio Frequency And Specialty Components — Restructuring Charges

$0—

Other financials

Income statement

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Revenue$3.7B+11.8%

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+5.7%

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/S1×+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 us-gaap:RestructuringCharges.

The official record: Textron’s 10-K, filed February 16, 2023, on SEC EDGAR. View the filing →

Questions, answered.

What does textron aviation — restructuring charges mean?: Expenses related to reorganizing or downsizing business operations.
How do you interpret textron aviation — restructuring charges?: High charges suggest significant operational transformation, which may lead to future margin improvements but indicate current operational friction.
How does textron aviation — restructuring charges compare across companies?: Commonly disclosed as 'Restructuring costs' or 'Exit costs' in segment operating expenses.