E-Z Go parent reports flat Q1 revenues

Textron Inc. reported first quarter 2013 income from continuing operations of $0.40 per share, compared to $0.41 per share in Q1 2012. Total revenues in the first quarter were $2.86 billion, approximately flat with the first quarter of 2012. Segment profit was $235 million, down $24 million from the first quarter of 2012. The company contributed $140 million to its pension plans during the first quarter.

“We saw strong growth in Bell commercial helicopters, Textron Systems defense products and E-Z-GO vehicles, but demand in the business jet market was softer than expected,” said Textron chairman and CEO Scott C. Donnelly.