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

Reuters
18 Dec 2024
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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