Shares of Textron Inc. (TXT) plummeted over 5% in pre-market trading on Wednesday, following the company's mixed fourth-quarter 2024 results and disappointing profit outlook for 2025.

The aerospace and defense conglomerate reported fourth-quarter adjusted earnings in line with analysts' expectations. However, revenue fell short of estimates, weighed down by disruptions from a labor strike at its Textron Aviation unit and persistent demand weakness in its Industrial segment.

More concerning for investors was Textron's 2025 earnings guidance, which fell below Wall Street projections. The company cited the lingering impact of the strike and soft demand in certain Industrial businesses as headwinds for the coming year. Textron also announced a strategic review of its Powersports product line within the Industrial segment due to weak demand, leading to charges related to inventory write-downs and production suspension.