Textron Reports First Quarter 2018 Income from Continuing Operations of $0.72 per Share; Signs Agreement to Sell Tools & Test Business for $810 Million
(a) For the three months ended April 1, 2017, $22 million of net cash
proceeds received from the settlement of corporate owned life insurance
policies were reclassified from operating activities to investing
activities as a result of the adoption of a new accounting standard at
the beginning of 2018.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20180418005334/en/
Contact:
Textron Inc.
Investor Contacts:
Eric Salander,
401-457-2288
or
Jeffrey Trivella, 401-457-2288
or
Media
Contact:
David Sylvestre, 401-457-2362
