Textron reported that its finance unit revenues and profit for the second quarter were $55.0 million and $22.0, respectively compared to $33.0 million and a loss of $33.0 million last year’s second quarter.

Finance group assets at June 30, 2012 were $2.6 billion, down from $3.2 billion at year-end 2011.

Commenting on its Cessna unit, Textron said revenues increased $111.0 million reflecting the delivery of 49 new Citation jets in the quarter, compared with 38 deliveries in last year’s second quarter.

Cessna backlog at the end of the second quarter was $1.5 billion, down $196 million from the first quarter 2012.

To read the Textron news release click here.