{"id":5661,"date":"2018-02-05T20:38:26","date_gmt":"2018-02-05T20:38:26","guid":{"rendered":"https:\/\/smallvehicleresource.com\/blog\/?p=5661"},"modified":"2019-04-12T21:38:43","modified_gmt":"2019-04-12T21:38:43","slug":"textron-reports-q4-2017-earnings","status":"publish","type":"post","link":"https:\/\/smallvehicleresource.com\/blog\/2018\/02\/05\/textron-reports-q4-2017-earnings\/","title":{"rendered":"Textron Reports Q4 2017 Earnings"},"content":{"rendered":"<div id=\"attachment_5663\" style=\"width: 310px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-5663\" class=\"size-medium wp-image-5663\" src=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2018\/02\/freedomrxv_patriotblue_720x615-300x256.jpg\" alt=\"E-Z-GO Freedom RXV\" width=\"300\" height=\"256\" srcset=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2018\/02\/freedomrxv_patriotblue_720x615-300x256.jpg 300w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2018\/02\/freedomrxv_patriotblue_720x615-351x300.jpg 351w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2018\/02\/freedomrxv_patriotblue_720x615.jpg 720w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-5663\" class=\"wp-caption-text\">The lithium powered Freedom RXV ELiTE helped drive E-Z-GO sales at Textron.<\/p><\/div>\n<p>Textron, manufacturer of Arctic Cat and Textron Off Road utility vehicles, E-Z-GO golf cars and other small, task-oriented vehicles recently reported Q4 2017 financial results. Revenues in the quarter were $4.0 billion, up 5% from the fourth quarter of 2016. Textron segment profit in the quarter was $360 million, down $31 million from the fourth quarter of 2016. For the year revenue increased to $14.2 billion up from $13.8 billion. Textron also produces Bell helicopters, Citation jets and various military systems and products. Textron is forecasting 2018 revenues of approximately $14.6 billion, up 3% percent from the prior year.<\/p>\n<p>The following are some of the highlights of the earnings call and presentation related to small, task-oriented vehicles.<\/p>\n<ul>\n<li>Industrial revenues, which includes Arctic Cat, E-Z-GO and other Specialized Vehicles, were $1.1 billion for the quarter, up 20% largely related to the recent Arctic Cat acquisition.<\/li>\n<li>Industrial segment profit was up $10 million from the fourth quarter of 2016 due to favorable performance.<\/li>\n<li>E-Z-GO sales increased led by the new lithium powered ELiTE golf car which has seen over 21,000 units delivered<\/li>\n<li>In December the new Havoc X side-by-side was introduced<\/li>\n<\/ul>\n<p>Guidance for 2018<\/p>\n<ul>\n<li>At industrial, we&#8217;re expecting growth in each of our businesses resulting in projected segment revenue of about $4.7 billion and a margin of about 8%.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/seekingalpha.com\/article\/4141669-textrons-txt-ceo-scott-donnelly-q4-2017-results-earnings-call-transcript?part=single\" target=\"_blank\" rel=\"nofollow noopener\">Learn More:&nbsp; Seekingalpha.com<\/a> (Earnings Call Transcript)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Textron, manufacturer of Arctic Cat and Textron Off Road utility vehicles, E-Z-GO golf cars and other small, task-oriented vehicles recently reported Q4 2017 financial results. Revenues in the quarter were $4.0 billion, up 5% from the fourth quarter of 2016. &hellip; <a href=\"https:\/\/smallvehicleresource.com\/blog\/2018\/02\/05\/textron-reports-q4-2017-earnings\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,9,14,23,27],"tags":[102,382,388,2431,2176,2550,753,2579,1298,2466],"class_list":["post-5661","post","type-post","status-publish","format-standard","hentry","category-electric-vehicles","category-golf-car","category-market-trends","category-sales-figures","category-utility-vehicles","tag-arctic-cat","tag-e-z-go","tag-earnings-call","tag-elite","tag-golf-car","tag-havoc-x","tag-lithium","tag-q4-2017","tag-textron","tag-textron-off-road"],"_links":{"self":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/5661"}],"collection":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/comments?post=5661"}],"version-history":[{"count":4,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/5661\/revisions"}],"predecessor-version":[{"id":6635,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/5661\/revisions\/6635"}],"wp:attachment":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/media?parent=5661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/categories?post=5661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/tags?post=5661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}