Textron Inc.'s (TXT) CEO Scott Donnelly on Q4 2020 Results - Earnings Call Transcript

Textron Inc. (NYSE:TXT) Q4 2020 Results Earnings Conference Call January 27, 2021 8:00 AM ET

Company Participants

Eric Salander - Vice President, Investor Relations
Scott Donnelly - Chairman, President and Chief Executive Officer
Frank Connor - Executive Vice President and Chief Financial Officer

Conference Call Participants

Robert Stallard - Vertical Research Partners LLC
Carter Copeland - Melius Research
Sheila Kahyaoglu - Jefferies
George Shapiro - Shapiro Research LLC
David Strauss - Barclays
Peter Skibitski - Alembic Global Advisors
Jon Raviv - Citi Investment Research
Ronald Epstein - Bank of America Merrill Lynch
Peter Arment - Robert W. Baird
Seth Seifman - JPMorgan
Noah Poponak - Goldman Sachs & Co.
Kristine Liwag - Morgan Stanley
Cai von Rumohr - Cowen and Co., LLC

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Textron Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions]. This conference is being recorded.

And I'd now like to turn the conference over to the Vice President of Investor Relations, Mr. Eric Salander. Please go ahead.

Eric Salander

Thanks, Kelly, and good morning, everyone. Before we begin, I'd like to mention, we will be discussing future estimates and expectations during our call today. These forward-looking statements are subject to various risk factors, which are detailed in our SEC filings and also in today's press release.

On the call today, we have Scott Donnelly, Textron's Chairman and CEO; and Frank Connor, our Chief Financial Officer. Our earnings call presentation can be found in the Investor Relations section of our website.

Textron's revenues in the quarter were $3.7 billion, down $368 million from last year. During this year's fourth quarter, we recorded $23 million in pre-tax special charges, largely related to restructuring activities in Industrial and Textron Aviation, or $0.07