By Dave Sebastian
Textron Inc. said it raised its outlook for the full year as the company reported higher third-quarter profit and revenue.
The company, which has aircraft, defense, industrial and finance businesses, on Thursday said it expects earnings from continuing operations of $3.17 to $3.29 a share, or $3.20 to $3.30 a share on an adjusted basis. It previously expected earnings from continuing operations of $2.97 to $3.21 a share, or $3.00 to $3.20 a share on an adjusted basis.
The company said it expects cash flow from continuing operations of the manufacturing group before pension contributions to be $1 billion to $1.1 billion, with planned pension contributions of about $50 million. It previously expected the metric to be $800 million to $900 million, with planned pension contributions of about $50 million.
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