Textron Inc.

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And ladies and gentlemen, thank you for standing by. with the Textron first quarter earnings conference call. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session, and instructions will be given at that time. You should require assistance during the call. Please press star and zero, and an operator will assist you offline. As a reminder, today's conference is being recorded. My apologies. If there are any questions from the phone lines, please press 1 then 0 on your telephone. You'll hear a tone indicating you've been placed in queue for the Q&A session. Again, if there are any questions during the call, please press 1 and then 0. At this time, I'd like to turn the conference over to your host, Eric Salander, VP of Investor Relations. Please go ahead, sir.

Thanks, Brad, 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 Conner, our Chief Financial Officer. Our earnings call from section of our website. Revenues in the quarter were $2.9 billion, up from $2.8 billion in last year's first quarter. During this year's first quarter, we reported net income of $0.75 per share. Adjusted net income on a non-GAAP measure was $0.70 per share for the first quarter of 2021 compared to $0.35 per share in the first quarter of 2020. Adjusted net income for 2021 excludes $6.02 per share after tax related to the 2020 restructuring plan and $15 million of pre-tax gain on the sale of True Canada, $0.07 per share after tax. Segment profit in the quarter was $256 million, up from $156 million in the first quarter of 2020. Manufacturing cash flow before pension contributions. totaled $71 million, up $501 million from last year's first quarter. With that, I'll turn it over to Scott.