Slide 1: Q1 2026 Earnings Call Presentation
Q1 2026 Earnings Call Presentation APRIL 30, 2026 ANNOUNCED INTENT TO SEPARATE INDUSTRIAL SEGMENT Q1 2026 RESULTS T H E D ATA I N T H I S PAC K AG E S H O U L D B E R E A D I N C O N J U N CT I O N W I T H T H E T E X T R O N E A R N I N G S R E L E A S E A N D A C C O M PA N Y I N G TA B L E S.
Slide 2: Forward-looking Information
Forward-looking Information Certain statements in this package and other oral and written statements made by Textron from time to time are forward-looking statements, including those that discuss strategies, goals, outlook or other non-historical matters; or project revenues, income, returns or othe
Slide 3: First Quarter 2026 Financial Highlights
First Quarter 2026 Financial Highlights CONSOLIDATED KEY HIGHLIGHTS REVENUE SEGMENT PROFIT (1) 12% revenue growth for Textron $3.7B $320M 22% revenue growth at Textron Aviation, including 10% growth in aftermarket ADJ. EPS (1) MANUFACTURING CASH 9% revenue growth at Bell FLOW BEFORE PENSION (1
Slide 4: I. Separation of Industrial Segment
I. Separation of Industrial Segment 4
Slide 5: Portfolio Update
Portfolio Update Textron announced its intent to separate its Industrial segment from its aerospace and defense businesses to enhance the Intent to strategic and operational focus of both platforms and drive long-term value for stakeholders Separate Industrial segment composed of Kautex and Text
Slide 6: Strategic Rationale for Separation
Strategic Rationale for Separation Establishes New Textron as a pure-play Aerospace & Defense platform Facilitates tailored capital allocation and investments to drive growth and profitability Enhances strategic flexibility to pursue organic and inorganic opportunities - Offers distinct and compelli
Slide 7: New Textron: Precision Platforms. Decisive Missions.
New Textron: Precision Platforms. Focused A&D Platform Core franchises in Aviation, Bell and Decisive Missions. Systems Revenue Visibility Pure-Play A&D Platform (1) Backlog visibility supporting sustained revenue and earnings growth ~$12B Revenue Durable Growth Outlook Portfolio aligned to long-ter
Slide 8: New Textron: Improved Financial Profile
New Textron: Improved Financial Profile Textron New Textron Impact 1 2025A – 2026E Revenue Growth 4.7% 6.2% +150 bps Accelerating organic growth trajectory 10.7% +120 bps 9.5% 2 2026E Segment Profit Margin Clear path to margin expansion $19.2B $19.2B 3 Backlog Strong foundation for future growth Not
Slide 9: New Textron: Leading A&D Franchises
New Textron: Leading A&D Franchises Textron Aviation Bell Textron Systems 99 Year 255K+ $8.0B 90 Year ~13K $7.6B Differentiated 6 $3.6B 14-941_0520 History Latitude edit.jpg Aircraft Delivered Backlog (1) History Installed Base Backlog (1) Technologies Core Products & Backlog (1) Services REVENUE (2
Slide 10: Industrial: Platform for Multiple Growth Levers
Industrial: Platform for Multiple Growth Levers Key Metrics(1) Kautex Specialized Vehicles Battery Clear Vision Fuel Systems CWC Castings Enclosures Systems ~$3.2B Revenue Blow Molded Plastic Fully Composite, Auto Cameras, Castings for Autos, Golf Carts, Parts, Digital player Mowers, Turf Ground Sup
Slide 11: II. First Quarter 2026 Update
II. First Quarter 2026 Update 11
Slide 12: Textron Aviation – Q1 2026 Highlights
Textron Aviation – Q1 2026 Highlights ($ AMOUNTS IN MILLIONS) REVENUE (2) SEGMENT PROFIT BACKLOG AFTERMARKET $1,485 (1)(2) $8,000 REVENUE $531 $1,216 $154 $7,724 $483 $122 10.4% Profit Margin 10.0% Profit Margin Q1 2025 Q1 2026 Q1 2025 Q1 2026 YE 2025 Q1 2026 Q1 2025 Q1 2026 Revenue up 22% driven
Slide 13: Bell – Q1 Highlights
Bell – Q1 Highlights ($ AMOUNTS IN MILLIONS) REVENUE SEGMENT PROFIT (1) BACKLOG $1,070 $90 $7,795 $983 $7,603 $72 9.2% Profit Margin 6.7% Profit Margin Q1 2025 Q1 2026 Q1 2025 Q1 2026 YE 2025 Q1 2026 Revenue up 9% Military revenue up 25% driven by continued growth of the MV-75 Cheyenne program
Slide 14: Textron Systems – Q1 Highlights
Textron Systems – Q1 Highlights ($ AMOUNTS IN MILLIONS) REVENUE (2) SEGMENT PROFIT (1)(2) BACKLOG $338 $42 $3,559 $299 $38 $3,304 12.4% 12.7% Profit Margin Profit Margin Q1 2025 Q1 2026 Q1 2025 Q1 2026 YE 2025 Q1 2026 Revenue up 13% Strong YoY growth driven by Ship-to-Shore and military training
Slide 15: Industrial – Q1 Highlights
Industrial – Q1 Highlights ($ AMOUNTS IN MILLIONS) REVENUE SEGMENT PROFIT (1) $792 $786 $40 $30 5.1% Profit Margin 3.8% Profit Margin Q1 2025 Q1 2026 Q1 2025 Q1 2026 Positive organic revenue growth (2), reflecting a $55M impact from the divestiture of Powersports business in April 2025 and a favor
Slide 16: Textron Financial – Q1 Highlights
Textron Financial – Q1 Highlights ($ AMOUNTS IN MILLIONS) REVENUE SEGMENT PROFIT (1) $16 $16 $12 $10 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Revenue was unchanged in the quarter Segment profit grew $2 million in the quarter Textron Inc. Q1 2026 Earnings Call Presentation: April 30, 2026. (1) Segment Pro
Slide 17: III. First Quarter 2026 Financial Summary
III. First Quarter 2026 Financial Summary 17
Slide 18: First Quarter 2026 Financial Summary
First Quarter 2026 Financial Summary Q1 2026 Q1 2025 (2) % Change Revenues $ 3.7B $ 3.3B 11.8% Segment Profit $ 320M $ 290M 10.3% EPS $ 1.25 $ 1.13 10.6% Adjusted EPS $ 1.45 $ 1.28 13.3% Manufacturing Cash Flow $ (228)M $ (158)M N/M Before Pension Contributions Textron Inc. Q1 2026 Earnings Call Pre
Slide 19: First Quarter 2026 Segment Results
First Quarter 2026 Segment Results SEGMENT REVENUE (2) SEGMENT PROFIT (1)(2) PROFITABILITY % % Segment Q1 2026 Q1 2025 Change Q1 2026 Q1 2025 Change Q1 2026 Q1 2025 Textron $ 1,485M $ 1,216M 22.1% $ 154M $ 122M 26.2% 10.4% 10.0% Aviation Bell $ 1,070M $ 983M 8.9% $ 72M $ 90M (20.0%) 6.7% 9.2% Textro
Slide 20: IV. Summary
IV. Summary TEXTRON
Slide 21: Why New Textron: Compelling Pure-Play A&D Platform
Why New Textron: Compelling Pure-Play A&D Platform CORE A&D TECHNICAL KEY FUTURE PRODUCT BALANCE SHEET FRANCHISES EXPERTISE AND PROGRAMS DEVELOPMENT AND FLEXIBILITY INNOVATION RAMPING INNOVATION – Best-in-class brands – Commercial and – Ascend | SkyCourier | – Ongoing Textron – Significant financial
Slide 22: Non-GAAP Financial Measures
Non-GAAP Financial Measures We supplement the reporting of our financial information determined under U.S. generally accepted accounting principles (GAAP) with certain non-GAAP financial measures. These non-GAAP financial measures exclude certain significant items that may not be indicative of, or a
Slide 23: Appendix
Appendix TEXTRON
Slide 24: First Quarter 2026 Revenue Growth
First Quarter 2026 Revenue Growth REVENUE DIVESTITURE FX IMPACT ORGANIC GROWTH IMPACT UN(FAV) GROWTH (1) Textron Aviation 22.1% - - 22.1% Bell 8.9% - - 8.9% Textron Systems 13.0% - - 13.0% Industrial (0.8%) 7.4% (2.7%) 3.9% Manufacturing 11.8% 1.9% (0.6%) 13.1% Segments Textron Inc. Q1 2026 Earnings
Slide 25: Adjusted EBITDA
Adjusted EBITDA ($ AMOUNTS IN MILLIONS) Q1 2026 Q1 2025 Income Before Income Taxes $ 267 $ 241 Add: Interest Expense, net for Manufacturing group 29 25 Depreciation Expense 88 83 Intangible Asset Amortization 8 8 LIFO Inventory Provision 39 29 Adjusted EBITDA (1) $ 431 $ 386 Textron Inc. Q1 2026 Ear