Bell Q1 civil deliveries up, but revenues, backlog and profits down

Bell Q1 civil deliveries up, but revenues, backlog and profits down

17-Apr-2013 Source: Textron

Extract from the quarterly statement of parent company Textron reveals the following:-

Bell revenues decreased $45 million, primarily the result of lower military unit deliveries and lower commercial aftermarket sales. Bell delivered 9 V-22’s and 6 H-1’s in the quarter, compared to 10 V-22’s and 7 H-1’s in last year’s first quarter and delivered 40 commercial helicopters, up from 30 units last year.

Segment profit decreased $16 million, primarily reflecting the lower military deliveries and commercial aftermarket volumes.

Bell backlog at the end of the first quarter was $7.08 billion, down $386 million from the end of 2012.

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