Finance, Taxes, Insurance
Textron Aviation Posts Strong 2Q Despite Labor and Supply Constraints
“Unfavorable” labor conditions and supply-chain disruptions only dent Textron Aviation's second-quarter earnings performance.
A Beechcraft King Air 360 parked on a tarmac
Textron delivered 11 special mission Beechcraft King Air 360s during this year's second quarter. (Photo: Textron Aviation)

Textron Aviation continued its strong contribution to its parent company’s financial performance during the second quarter despite “unfavorable” labor conditions and supply-chain disruptions, Textron Inc. CEO Scott Donnelly reported during a quarterly earnings call this morning.

Donnelly attributed Textron Aviation’s $78 million revenue improvement over the same period last year, to $1.4 billion, to strong demand and beneficial pricing conditions, even while deliveries proved “light” due to production inefficiencies due to continuing supply-chain issues. He noted that the company won’t meet its guidance for 200 deliveries this year, as some will move into 2024 because of supply-chain problems.

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