Textron reported second-quarter 2013 total revenues were $2.8 billion, down 6% from $3.0 billion in the second quarter of 2012, primarily reflecting lower business jet deliveries.

The company said profit was $213 million for the quarter, compared to $310 million in the second quarter of 2012, primarily reflecting lower business jet deliveries and $28 million in pre-tax severance costs recorded at Cessna.

Textron said revenues at Cessna decreased $203 million, reflecting the delivery of 20 new Citation jets in the quarter compared with 49 in last year’s second quarter. Cessna recorded a segment loss of $50 million in the second quarter compared to a profit of $35 million a year ago.

Cessna backlog at the end of the second quarter was $1.01 billion, down $23 million from the first quarter of 2013.

Textron chairman and CEO Scott C. Donnelly said, “Business jet demand continued to be soft, but we believe the cost, production and pricing actions we took are the right actions to support future growth at Cessna.”

Textron noted that finance group assets at June 29, 2013 were $1.96 billion, down from $2.32 billion at year-end 2012. Finance segment revenues decreased $24 million compared to the second quarter of 2012. The segment reported a profit of $15 million compared to $22 million in last year’s second quarter.

To read Textron’s news release click here.