BRIEF-Textron Inc - Pursuing Strategic Alternatives For Powersports Product Line

Reuters

2024-12-18

BRIEF-Textron Inc - Pursuing Strategic Alternatives For Powersports Product Line

Dec 18 (Reuters) - Textron Inc TXT.N:

PURSUING STRATEGIC ALTERNATIVES FOR POWERSPORTS PRODUCT LINE
PRETAX SPECIAL CHARGES EXPECTED TO INCREASE TO $190 MILLION-$205 MILLION
TSV PAUSES POWERSPORTS PRODUCTION FOR STRATEGIC REVIEW
EXPECTS INVENTORY VALUATION CHARGE OF $30 MILLION-$40 MILLION
INVENTORY VALUATION CHARGE TO REDUCE 2024 EPS BY $0.12-$0.16
PRETAX SPECIAL CHARGES TO BE RECORDED IN Q4

Source text: [ID:n0000217346-24-000094]

Further company coverage: TXT.N

((Reuters.Briefs@thomsonreuters.com;))

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