Textron Inc (NYSE:TXT)
$ 77.24 0.8 (1.05%) Market Cap: 14.33 Bil Enterprise Value: 16.56 Bil PE Ratio: 16.93 PB Ratio: 2.06 GF Score: 82/100
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Q3 2020 Textron Inc Earnings Call Transcript

Oct 29, 2020 / 12:00PM GMT
Release Date Price: $34.07 (+6.17%)
Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Textron Third Quarter Earnings Conference Call. (Operator Instructions) As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Vice President of Investor Relations, Mr. Eric Salander. Please go ahead.

Eric Salander
Textron Inc. - VP of IR & Treasurer

Thanks, Greg, and good morning, everyone.

Before we begin, I'd like to mention we will be discussing future estimates and expectations during our call today. These forward-looking statements are subject to various risk factors, which are detailed in our SEC filings and also in today's press release.

On the call today, we have Scott Donnelly, Textron's Chairman and CEO; and Frank Connor, our Chief Financial Officer. Our earnings call presentation can be found in the Investor Relations section of our website.

Revenues in the quarter were $2.7 billion, down from $3.3 billion in last year's third quarter. During this year's third quarter, we reported net

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