Adjusted income from continuing operations was $1.55 per share compared to $1.54 per share last year.
Bell revenues increased $222 million to $1 billion, with segment profit of $80 million, down $2 million due to higher R&D costs.
Corporate expenses were $36 million; net interest expense was $26 million; LIFO inventory provision was $38 million; intangible asset amortization was $8 million; net special charges were $4 million.
Finance segment revenues were $15 million with profit of $8 million, up from $12 million revenue and $7 million profit last year.
Industrial revenues declined $75 million to $839 million, with segment profit up $12 million to $54 million, reflecting disposition impacts and cost reductions.
Manufacturing cash flow before pension contributions totaled $336 million versus $320 million in Q2 2024.
Segment profit was $346 million, up $3 million from the prior year quarter.
Textron Aviation revenues were $1.5 billion, up $42 million, with segment profit of $180 million, down $15 million due to mix and warranty costs.
Textron eAviation revenues were $8 million with a segment loss of $16 million, slightly improved from last year.
Textron reported revenues of $3.7 billion in Q2 2025, up 5.4% or $189 million from Q2 2024.
Textron repurchased approximately 2.9 million shares for $214 million in the quarter, totaling 5.8 million shares and $429 million year-to-date.
Textron Systems revenues were $321 million, down $2 million, with segment profit up $5 million to $40 million.
Cash flow from operations was $285.9 million for Q2 and $622.4 million for the first six months of 2025; capital expenditures were $187.2 million and $275.3 million respectively.
Direct operating costs increased as a percent of revenue, driven primarily by higher employee benefit costs, which rose to 39.5% of salaries and wages from 37.2% the prior year.
Effective tax rate was 24.8% in Q2 2025, slightly up from 24.5% in Q2 2024, with an expected rate of 24.8% for Q3.
Old Dominion's revenue totaled $1.41 billion for the second quarter of 2025, a 6.1% decrease from the prior year, reflecting a 9.3% decrease in LTL tons per day partially offset by a 3.4% increase in LTL revenue per hundredweight.
Operating ratio increased 270 basis points to 74.6% due to deleveraging effects from decreased revenue and increased overhead costs, including depreciation and miscellaneous expenses.
Sequentially, revenue per day increased 0.8% compared to the first quarter of 2025, with LTL tons per day increasing 0.1% and LTL shipments per day increasing 0.8%.
Share repurchases totaled $223.5 million in Q2 and $424.6 million in the first six months; cash dividends were $59.0 million and $118.5 million respectively.
Dafinchi