Textron reported higher Q1/19 Aviation segment profit on significant increases in year-over-year jet and turboprop deliveries. The backlog at the end of the quarter of $2 billion was up $204 million from year end.
Textron Aviation revenues of $1.1 billion were up 12%, primarily due to higher volume and mix across the jet and commercial turboprop product lines. Aviation delivered 44 jets, up 22% from 36 last year, and 44 commercial turboprops up 52% from 29 last year.
Aviation segment profit was $106 million, up from $72 million a year ago, due to higher volume and favorable performance. The Textron Aviation backlog at the end of Q1/19 was $2 billion, up $204 million from year-end.
Bell revenues were $739 million, down 2% from last year, primarily on lower commercial volume. Bell delivered 30 commercial helicopters in Q1/19, down from 46 last year.
Textron Chairman and CEO Scott C. Donnelly commented, “Our results in the quarter were driven by growth and performance at Aviation and continued strong execution at Bell, which resulted in significant margin improvements in those segments.”
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