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TEXTRON Corporate Communications Department NEWS Release Textron Reports Second Quarter 2021 Results ; Raises Full Year EPS and Cash Guidance EPS from continuing operations of $ 0.81 . Net cash from operating activities of $ 572 million • Aviation backlog $ 2.7 billion at quarter - end , up $ 689 million in the quarter Full - year adjusted EPS outlook raised to a range of $ 3.00 to $ 3.20 Full year cash flow guidance raised to a range of $ 800 million to $ 900 million Exhibit 99.1 Providence , Rhode Island - July 29 , 2021 - Textron Inc. ( NYSE : TXT ) today reported second quarter 2021 income from continuing operations of $ 0.81 per share . Adjusted net income , a non - GAAP measure that is defined and reconciled to GAAP in an attachment to this release , was also $ 0.81 per share for the second quarter of 2021 , compared to $ 0.13 per share in the second quarter of 2020 . " In the quarter , we saw higher revenues across all our manufacturing segments , good execution with solid margin performance at Systems , Bell and Aviation , and strong cash generation , " said Textron Chairman and CEO Scott C. Donnelly . Cash Flow Net cash provided by operating activities of continuing operations of the manufacturing group for the second quarter was $ 572 million , compared to $ 245 million last year . Manufacturing cash flow before pension contributions , a non - GAAP measure that is defined and reconciled to GAAP in an attachment to this release , totaled $ 509 million compared to $ 215 million last year . In the quarter , Textron returned $ 196 million to shareholders through share repurchases . Outlook Textron now expects 2021 earnings per share from continuing operations to be in a range of $ 2.97 to $ 3.21 , or $ 3.00 to $ 3.20 on an adjusted basis , up $ 0.20 from our previous outlook . Textron also expects cash flow from continuing operations of the manufacturing group before pension contributions to be in a range of $ 800 million to $ 900 million , up $ 200 million , with planned pension contributions of about $ 50 million . Donnelly continued , " As the economy strengthens , our outlook reflects continued growth in business aviation , improving execution on new programs at Systems , ongoing investments in Future Vertical Lift at Bell and strong retail demand in our end - markets at Industrial . "