Subtext

Textron Inc. TXT

SectorIndustrials
Transcripts65
Date range2009-04-29 – 2025-04-24
Calls charted65

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-14-7+0+7+142009 Q12011 Q22013 Q32015 Q42018 Q12020 Q22022 Q32024 Q42009 Q1 · Overall: +1.82009 Q2 · Overall: +4.12009 Q3 · Overall: +2.42009 Q4 · Overall: -2.62010 Q1 · Overall: +0.22010 Q2 · Overall: +2.92010 Q3 · Overall: -2.12010 Q4 · Overall: +4.62011 Q1 · Overall: +0.82011 Q2 · Overall: +6.42011 Q3 · Overall: +3.12011 Q4 · Overall: +6.22012 Q1 · Overall: +0.22012 Q2 · Overall: -1.42012 Q3 · Overall: +3.22012 Q4 · Overall: +1.62013 Q1 · Overall: -3.12013 Q2 · Overall: +2.52013 Q3 · Overall: -0.22013 Q4 · Overall: +6.72014 Q1 · Overall: +6.22014 Q2 · Overall: +7.02014 Q3 · Overall: +7.52014 Q4 · Overall: +9.52015 Q1 · Overall: +4.82015 Q2 · Overall: +6.22015 Q3 · Overall: +4.42015 Q4 · Overall: +4.22016 Q1 · Overall: +2.32016 Q2 · Overall: +8.82016 Q3 · Overall: +4.22016 Q4 · Overall: +8.82017 Q1 · Overall: +3.62017 Q2 · Overall: +3.32017 Q3 · Overall: +6.62017 Q4 · Overall: +7.32018 Q1 · Overall: +9.62018 Q2 · Overall: +11.72018 Q3 · Overall: +12.32018 Q4 · Overall: +9.52019 Q1 · Overall: +9.92019 Q2 · Overall: +8.02019 Q3 · Overall: +4.52019 Q4 · Overall: +4.72020 Q1 · Overall: -7.02020 Q2 · Overall: +3.32020 Q3 · Overall: +7.42020 Q4 · Overall: +8.12021 Q1 · Overall: +9.52021 Q2 · Overall: +11.42021 Q3 · Overall: +7.22021 Q4 · Overall: +10.32022 Q1 · Overall: +6.22022 Q2 · Overall: +2.92022 Q3 · Overall: +9.22022 Q4 · Overall: +1.92023 Q1 · Overall: +7.82023 Q2 · Overall: +10.32023 Q3 · Overall: +11.32023 Q4 · Overall: +10.02024 Q1 · Overall: +6.32024 Q2 · Overall: +12.42024 Q3 · Overall: +7.52024 Q4 · Overall: +10.82025 Q1 · Overall: +4.9
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-23-12+0+12+232009 Q12011 Q22013 Q32015 Q42018 Q12020 Q22022 Q32024 Q42009 Q1 · CEO: +4.32009 Q2 · CEO: +4.42009 Q3 · CEO: +6.32009 Q4 · CEO: +2.22010 Q1 · CEO: +1.42010 Q2 · CEO: +6.22010 Q3 · CEO: +3.52010 Q4 · CEO: +8.72011 Q1 · CEO: +5.12011 Q2 · CEO: +10.22011 Q3 · CEO: +7.52011 Q4 · CEO: +12.72012 Q1 · CEO: +4.82012 Q2 · CEO: +1.42012 Q3 · CEO: +4.42012 Q4 · CEO: +3.82013 Q1 · CEO: +1.02013 Q2 · CEO: +5.62013 Q3 · CEO: +2.82013 Q4 · CEO: +8.92014 Q1 · CEO: +13.02014 Q2 · CEO: +10.32014 Q3 · CEO: +9.32014 Q4 · CEO: +14.32015 Q1 · CEO: +6.62015 Q4 · CEO: +10.22016 Q1 · CEO: +4.22016 Q3 · CEO: +4.92016 Q4 · CEO: +11.62017 Q1 · CEO: +5.82017 Q2 · CEO: +6.12017 Q3 · CEO: +8.62017 Q4 · CEO: +11.12018 Q1 · CEO: +15.42018 Q2 · CEO: +16.32018 Q3 · CEO: +16.52018 Q4 · CEO: +17.02019 Q1 · CEO: +11.72019 Q2 · CEO: +11.02019 Q3 · CEO: +11.32019 Q4 · CEO: +7.62020 Q1 · CEO: -4.92020 Q2 · CEO: +6.82020 Q3 · CEO: +12.12020 Q4 · CEO: +8.72021 Q1 · CEO: +14.92021 Q2 · CEO: +14.12021 Q3 · CEO: +6.12021 Q4 · CEO: +16.12022 Q1 · CEO: +6.52022 Q2 · CEO: +7.52022 Q3 · CEO: +10.92022 Q4 · CEO: +4.62023 Q1 · CEO: +13.62023 Q2 · CEO: +13.82023 Q3 · CEO: +13.82023 Q4 · CEO: +12.82024 Q1 · CEO: +13.42024 Q2 · CEO: +17.22024 Q3 · CEO: +9.22024 Q4 · CEO: +14.12009 Q1 · CFO: -4.72009 Q3 · CFO: -2.42009 Q4 · CFO: -7.72010 Q1 · CFO: +7.52010 Q2 · CFO: -3.12010 Q3 · CFO: -1.42010 Q4 · CFO: +0.02011 Q1 · CFO: -3.12011 Q2 · CFO: +0.92011 Q3 · CFO: -4.52011 Q4 · CFO: +3.42012 Q1 · CFO: -5.62012 Q2 · CFO: -5.02012 Q3 · CFO: +4.32012 Q4 · CFO: +3.52013 Q1 · CFO: -14.32013 Q2 · CFO: +1.92013 Q3 · CFO: +3.62013 Q4 · CFO: -1.02014 Q1 · CFO: +1.62014 Q2 · CFO: +6.32014 Q3 · CFO: +2.12014 Q4 · CFO: +5.22015 Q1 · CFO: +7.42015 Q4 · CFO: +0.82016 Q1 · CFO: +4.42016 Q3 · CFO: -4.32016 Q4 · CFO: +6.02017 Q1 · CFO: +5.22017 Q2 · CFO: +4.52017 Q3 · CFO: +5.32017 Q4 · CFO: +4.02018 Q1 · CFO: +12.02018 Q2 · CFO: +14.12018 Q3 · CFO: +7.62018 Q4 · CFO: +4.82019 Q1 · CFO: +9.22019 Q2 · CFO: +11.92019 Q3 · CFO: +11.92019 Q4 · CFO: +0.02020 Q1 · CFO: -5.22020 Q2 · CFO: -9.32020 Q3 · CFO: +2.32020 Q4 · CFO: +6.92021 Q1 · CFO: +12.02021 Q2 · CFO: +13.32021 Q3 · CFO: +20.22021 Q4 · CFO: +5.62022 Q1 · CFO: +3.12022 Q2 · CFO: +5.72022 Q3 · CFO: +13.12022 Q4 · CFO: +0.02023 Q1 · CFO: +1.62023 Q2 · CFO: +4.42023 Q3 · CFO: +16.92023 Q4 · CFO: +0.02024 Q1 · CFO: -10.42024 Q2 · CFO: -1.52024 Q3 · CFO: -1.22024 Q4 · CFO: -3.32025 Q1 · CFO: -4.2
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-22-11+0+11+222009 Q12011 Q22013 Q32015 Q42018 Q12020 Q22022 Q32024 Q42009 Q1 · Prepared remarks: +6.72009 Q2 · Prepared remarks: +10.72009 Q3 · Prepared remarks: +6.72009 Q4 · Prepared remarks: -2.02010 Q1 · Prepared remarks: +0.22010 Q2 · Prepared remarks: +3.72010 Q3 · Prepared remarks: +8.32010 Q4 · Prepared remarks: +11.92011 Q1 · Prepared remarks: +5.32011 Q2 · Prepared remarks: +8.42011 Q3 · Prepared remarks: +9.72011 Q4 · Prepared remarks: +9.82012 Q1 · Prepared remarks: +16.72012 Q2 · Prepared remarks: +15.42012 Q3 · Prepared remarks: +3.42012 Q4 · Prepared remarks: +3.12013 Q1 · Prepared remarks: +7.32013 Q2 · Prepared remarks: +11.32013 Q3 · Prepared remarks: +10.62013 Q4 · Prepared remarks: +10.32014 Q1 · Prepared remarks: +14.42014 Q2 · Prepared remarks: +11.22014 Q3 · Prepared remarks: +8.82014 Q4 · Prepared remarks: +15.82015 Q1 · Prepared remarks: +9.92015 Q2 · Prepared remarks: +14.52015 Q3 · Prepared remarks: +14.32015 Q4 · Prepared remarks: +16.12016 Q1 · Prepared remarks: +13.42016 Q2 · Prepared remarks: +3.52016 Q3 · Prepared remarks: +4.52016 Q4 · Prepared remarks: +9.42017 Q1 · Prepared remarks: +5.62017 Q2 · Prepared remarks: +7.12017 Q3 · Prepared remarks: +11.72017 Q4 · Prepared remarks: +7.22018 Q1 · Prepared remarks: +12.52018 Q2 · Prepared remarks: +13.62018 Q3 · Prepared remarks: +17.22018 Q4 · Prepared remarks: +18.82019 Q1 · Prepared remarks: +16.42019 Q2 · Prepared remarks: +13.52019 Q3 · Prepared remarks: +11.02019 Q4 · Prepared remarks: +4.12020 Q1 · Prepared remarks: -12.42020 Q2 · Prepared remarks: -7.42020 Q3 · Prepared remarks: +10.72020 Q4 · Prepared remarks: +10.72021 Q1 · Prepared remarks: +13.22021 Q2 · Prepared remarks: +11.92021 Q3 · Prepared remarks: +3.62021 Q4 · Prepared remarks: +11.82022 Q1 · Prepared remarks: +3.22022 Q2 · Prepared remarks: -2.42022 Q3 · Prepared remarks: +6.22022 Q4 · Prepared remarks: +4.92023 Q1 · Prepared remarks: +6.22023 Q2 · Prepared remarks: +5.12023 Q3 · Prepared remarks: +6.72023 Q4 · Prepared remarks: +10.52024 Q1 · Prepared remarks: +19.52024 Q2 · Prepared remarks: +7.52024 Q3 · Prepared remarks: +8.12024 Q4 · Prepared remarks: +11.52025 Q1 · Prepared remarks: +4.92009 Q1 · Q&A responses: -0.42009 Q2 · Q&A responses: +0.92009 Q3 · Q&A responses: +1.92009 Q4 · Q&A responses: +1.42010 Q2 · Q&A responses: +4.82010 Q3 · Q&A responses: -3.12010 Q4 · Q&A responses: +4.32011 Q1 · Q&A responses: +3.12011 Q2 · Q&A responses: +6.42011 Q3 · Q&A responses: +1.62011 Q4 · Q&A responses: +9.82012 Q1 · Q&A responses: -0.22012 Q2 · Q&A responses: -2.82012 Q4 · Q&A responses: +3.12013 Q1 · Q&A responses: -2.42013 Q2 · Q&A responses: +1.92013 Q3 · Q&A responses: -0.12013 Q4 · Q&A responses: +6.92014 Q1 · Q&A responses: +10.12014 Q2 · Q&A responses: +8.92014 Q3 · Q&A responses: +8.12014 Q4 · Q&A responses: +9.12015 Q1 · Q&A responses: +5.62015 Q2 · Q&A responses: +6.12015 Q3 · Q&A responses: +4.62015 Q4 · Q&A responses: +3.72016 Q1 · Q&A responses: +2.12016 Q2 · Q&A responses: +10.82016 Q4 · Q&A responses: +10.92017 Q1 · Q&A responses: +4.32017 Q2 · Q&A responses: +5.92017 Q3 · Q&A responses: +7.82017 Q4 · Q&A responses: +11.32018 Q1 · Q&A responses: +14.82018 Q2 · Q&A responses: +16.22018 Q3 · Q&A responses: +14.92018 Q4 · Q&A responses: +11.82019 Q1 · Q&A responses: +10.02019 Q2 · Q&A responses: +9.22019 Q3 · Q&A responses: +6.02019 Q4 · Q&A responses: +7.62020 Q1 · Q&A responses: -1.52020 Q2 · Q&A responses: +8.62020 Q3 · Q&A responses: +11.12020 Q4 · Q&A responses: +8.02021 Q1 · Q&A responses: +13.42021 Q2 · Q&A responses: +15.02021 Q3 · Q&A responses: +11.32021 Q4 · Q&A responses: +14.42022 Q1 · Q&A responses: +7.32022 Q2 · Q&A responses: +9.52022 Q3 · Q&A responses: +12.02022 Q4 · Q&A responses: +3.62023 Q1 · Q&A responses: +13.52023 Q2 · Q&A responses: +13.02023 Q3 · Q&A responses: +13.52023 Q4 · Q&A responses: +12.02024 Q1 · Q&A responses: +2.92024 Q2 · Q&A responses: +15.62024 Q4 · Q&A responses: +6.7
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.57$4.43$7.282009 Q12011 Q22013 Q32015 Q42018 Q12020 Q22022 Q32024 Q42014 Q1: $2.392014 Q2: $2.352014 Q3: $2.492014 Q4: $2.562015 Q1: $2.632015 Q2: $2.732015 Q3: $2.822015 Q4: $2.882016 Q1: $2.812016 Q2: $2.862016 Q3: $2.942016 Q4: $2.922017 Q1: $2.722017 Q2: $2.752017 Q3: $2.862017 Q4: $2.882018 Q1: $3.202018 Q2: $3.402018 Q3: $3.622018 Q4: $3.542019 Q1: $3.782019 Q2: $3.882019 Q3: $3.942019 Q4: $3.782020 Q1: $3.582020 Q2: $1.972020 Q3: $2.332020 Q4: $2.702021 Q1: $2.962021 Q2: $3.422021 Q3: $3.782021 Q4: $4.032022 Q1: $4.152022 Q2: $4.352022 Q3: $4.432022 Q4: $4.532023 Q1: $5.232023 Q2: $5.472023 Q3: $5.702023 Q4: $5.962024 Q1: $6.422024 Q2: $6.592024 Q3: $6.892024 Q4: $6.64

Forward P/E

6.1813.5520.932009 Q12011 Q22013 Q32015 Q42018 Q12020 Q22022 Q32024 Q42014 Q1: 16.152014 Q2: 16.852014 Q3: 14.772014 Q4: 15.882015 Q1: 16.942015 Q2: 16.822015 Q3: 14.602015 Q4: 14.802016 Q1: 12.202016 Q2: 13.312016 Q3: 13.282016 Q4: 16.502017 Q1: 17.602017 Q2: 17.242017 Q3: 18.322017 Q4: 18.972018 Q1: 18.452018 Q2: 19.912018 Q3: 19.812018 Q4: 13.332019 Q1: 13.852019 Q2: 13.132019 Q3: 13.262019 Q4: 11.592020 Q1: 7.202020 Q2: 17.602020 Q3: 17.042020 Q4: 17.312021 Q1: 18.692021 Q2: 19.802021 Q3: 18.652021 Q4: 18.652022 Q1: 17.732022 Q2: 14.102022 Q3: 14.432022 Q4: 15.902023 Q1: 12.642023 Q2: 11.932023 Q3: 13.262023 Q4: 13.222024 Q1: 14.372024 Q2: 13.032024 Q3: 12.702024 Q4: 11.46

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2015 Q1 tone ↓ -4.7 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q3 tone ↓ -4.6 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -3.5 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +10.3 fwd EPS ↓ -1.61 Tone rose while the forward EPS estimate was cut.
  • 2021 Q3 tone ↓ -4.2 fwd EPS ↑ +0.35 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -4.1 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -3.3 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↓ -7.3 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -3.7 fwd EPS ↑ +0.46 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↓ -5.0 fwd EPS ↑ +0.29 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q4 tone ↑ +3.4 fwd EPS ↓ -0.25 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-24+4.9——View →
2024 Q42025-01-22+10.8$6.6411.5View →
2024 Q32024-10-24+7.5$6.8912.7View →
2024 Q22024-07-18+12.4$6.5913.0View →
2024 Q12024-04-25+6.3$6.4214.4View →
2023 Q42024-01-24+10.0$5.9613.2View →
2023 Q32023-10-26+11.3$5.7013.3View →
2023 Q22023-07-27+10.3$5.4711.9View →