Finance, Taxes, Insurance
2Q Revenue, Profits Grow at Textron Aviation despite Flat Jet Shipments
Company delivered 42 jets, 22 Caravans, and 21 King Airs in the quarter
Cessna Citation M2 Gen2
Though jet shipments at Textron Aviation were slightly down from a year ago in the second quarter, its Cessna Citation M2 Gen2 light jet saw a bump in deliveries in the three-month period.

Textron Aviation reported strong financial results during its second-quarter earnings call this morning, with revenues in the three months up 8% year over year, to $1.5 billion. This was driven by higher pricing of $57 million and a favorable volume mix of $56 million. Segment profit was $195 million, up $24 million from a year ago.

The Wichita-based aircraft manufacturer delivered 42 jets in the quarter, a slight decrease from 44 in the same period a year ago. It handed over five Citation M2 Gen2s, eight CJ3+s, eight CJ4 Gen2s, five XLS+ Gen2s, eight Latitudes, and eight Longitudes in the quarter. This compares to four M2 Gen2s, six CJ3+s, six CJ4 Gen2s, two XLS+ Gen2s, 13 Latitudes, and five Longitudes in second-quarter 2023.

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