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TEXTRON Corporate Communications Department NEWS Release Textron Reports Third Quarter 2021 Results ; Raises Full Year EPS and Cash Guidance Exhibit 99.1 EPS from continuing operations of $ 0.82 ; Adjusted EPS of $ 0.85 . Net cash from operating activities of $ 333 million Aviation backlog $ 3.5 billion at quarter - end , up $ 1.9 billion year to date Full - year adjusted EPS outlook raised to a range of $ 3.20 to $ 3.30 Full year cash flow guidance raised to a range of $ 1 billion to $ 1.1 billion Providence , Rhode Island - October 28 , 2021 - Textron Inc. ( NYSE : TXT ) today reported third quarter 2021 income from continuing operations of $ 0.82 per share . Adjusted income from continuing operations , a non - GAAP measure that is defined and reconciled to GAAP in an attachment to this release , was $ 0.85 per share for the third quarter of 2021 , compared to $ 0.53 per share in the third quarter of 2020 . " In the quarter , we saw solid execution , higher manufacturing margin and continued strong cash generation , " said Textron Chairman and CEO Scott C. Donnelly . " At Textron Aviation , we continued to see signs of a strong recovery in the general aviation market with a 49 % increase in revenues over last year's third quarter and a $ 721 million increase in backlog . " Cash Flow Net cash provided by operating activities of continuing operations of the manufacturing group for the third quarter was $ 333 million , compared to $ 368 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 $ 271 million for the third quarter , compared to $ 344 million last year . Year to date , manufacturing cash flow before pension contributions totaled $ 851 million . In the quarter , Textron returned $ 299 million to shareholders through share repurchases . Year to date , share repurchases totaled $ 586 million . Outlook Textron now expects 2021 earnings per share from continuing operations to be in a range of $ 3.17 to $ 3.29 , or $ 3.20 to $ 3.30 on an adjusted basis . Textron also expects cash flow from continuing operations of the manufacturing group before pension contributions to be in a range of $ 1 billion to $ 1.1 billion with planned pension contributions of about $ 50 million .