Textron Inc
NYSE:TXT

Watchlist Manager
Textron Inc Logo
Textron Inc
NYSE:TXT
Watchlist
Price: 83.14 USD -0.67% Market Closed
Market Cap: 14.7B USD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement
|
Revenue Breakdown

Income Statement

Revenue
+
3Y
+13%
5Y
+18%
10Y
+5%
Operating Income
+
3Y
+2%
5Y
+70%
10Y
-19%
Net Income
+
3Y
-2%
5Y
+204%
10Y
+21%

Earnings Waterfall
Textron Inc

Revenue
14.2B USD
Cost of Revenue
-11.3B USD
Gross Profit
2.9B USD
Operating Expenses
-2B USD
Operating Income
935m USD
Other Expenses
-108m USD
Net Income
827m USD

Income Statement
Textron Inc

Rotate your device to view
Income Statement
Currency: USD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Jan-2004 Apr-2004 Jul-2004 Oct-2004 Jan-2005 Apr-2005 Jul-2005 Oct-2005 Dec-2005 Apr-2006 Jul-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Jan-2009 Apr-2009 Jul-2009 Oct-2009 Jan-2010 Apr-2010 Jul-2010 Oct-2010 Jan-2011 Apr-2011 Jul-2011 Oct-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Jan-2015 Apr-2015 Jul-2015 Oct-2015 Jan-2016 Apr-2016 Jul-2016 Oct-2016 Dec-2016 Apr-2017 Jul-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Jan-2020 Apr-2020 Jul-2020 Oct-2020 Jan-2021 Apr-2021 Jul-2021 Oct-2021 Jan-2022 Apr-2022 Jul-2022 Oct-2022 Dec-2022 Apr-2023 Jul-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
507
0
0
0
448
83
161
234
309
295
286
280
270
261
253
247
246
239
231
222
212
208
197
186
173
169
174
180
191
187
182
176
169
169
171
175
174
173
172
171
174
173
172
169
166
167
168
171
171
169
168
167
166
166
160
150
142
135
131
129
107
94
81
69
77
77
83
90
97
106
112
116
Revenue
11 976
N/A
11 629
-3%
11 063
-5%
10 728
-3%
10 271
-4%
10 401
+1%
10 209
-2%
9 965
-2%
8 055
-19%
9 797
+22%
9 790
0%
10 108
+3%
8 318
-18%
8 251
-1%
8 395
+2%
8 251
-2%
10 043
+22%
10 405
+4%
10 558
+1%
10 990
+4%
10 973
0%
11 822
+8%
11 952
+1%
12 225
+2%
12 395
+1%
12 957
+5%
13 691
+6%
14 052
+3%
14 010
0%
13 230
-6%
12 158
-8%
11 236
-8%
10 500
-7%
10 184
-3%
10 281
+1%
10 211
-1%
10 525
+3%
10 794
+3%
10 813
+0%
11 148
+3%
11 275
+1%
11 652
+3%
11 943
+2%
12 129
+2%
12 237
+1%
12 236
0%
12 056
-1%
11 960
-1%
12 104
+1%
12 096
0%
12 762
+6%
13 288
+4%
13 878
+4%
14 104
+2%
13 846
-2%
13 596
-2%
13 423
-1%
13 551
+1%
13 815
+2%
13 886
+1%
13 788
-1%
13 680
-1%
13 773
+1%
14 006
+2%
14 198
+1%
14 401
+1%
14 523
+1%
14 239
-2%
13 972
-2%
13 785
-1%
13 286
-4%
13 345
+0%
13 630
+2%
13 298
-2%
12 543
-6%
12 019
-4%
11 651
-3%
11 753
+1%
12 472
+6%
12 727
+2%
12 382
-3%
12 504
+1%
12 467
0%
12 555
+1%
12 869
+3%
12 892
+0%
13 162
+2%
13 427
+2%
13 683
+2%
13 794
+1%
13 897
+1%
13 981
+1%
13 702
-2%
13 873
+1%
14 062
+1%
14 237
+1%
Gross Profit
Cost of Revenue
(9 440)
0
0
0
(7 893)
(1 862)
(3 821)
(5 544)
(6 106)
(5 500)
(5 477)
(5 729)
(6 206)
(6 055)
(6 148)
(5 960)
(7 464)
(7 752)
(7 804)
(8 116)
(8 145)
(8 753)
(8 834)
(9 010)
(9 099)
(9 521)
(10 134)
(10 454)
(10 583)
(10 148)
(9 470)
(8 923)
(8 468)
(8 241)
(8 332)
(8 321)
(8 605)
(8 884)
(8 921)
(9 197)
(9 308)
(9 550)
(9 760)
(9 922)
(10 019)
(10 089)
(9 992)
(9 990)
(10 131)
(10 106)
(10 643)
(11 015)
(11 421)
(11 573)
(11 333)
(11 072)
(10 979)
(11 105)
(11 359)
(11 436)
(11 311)
(11 260)
(11 361)
(11 577)
(11 795)
(11 940)
(12 023)
(11 833)
(11 594)
(11 442)
(11 010)
(11 070)
(11 406)
(11 216)
(10 826)
(10 411)
(10 094)
(10 107)
(10 516)
(10 670)
(10 297)
(10 389)
(10 370)
(10 468)
(10 800)
(10 839)
(11 044)
(11 239)
(12 463)
(11 768)
(11 861)
(12 017)
(11 162)
(11 220)
(11 288)
(11 301)
Gross Profit
2 536
N/A
0
N/A
0
N/A
0
N/A
2 378
N/A
537
-77%
1 108
+106%
1 616
+46%
1 949
+21%
1 598
-18%
1 614
+1%
1 680
+4%
2 112
+26%
2 196
+4%
2 247
+2%
2 291
+2%
2 579
+13%
2 653
+3%
2 754
+4%
2 874
+4%
2 828
-2%
3 069
+9%
3 118
+2%
3 215
+3%
3 296
+3%
3 436
+4%
3 557
+4%
3 598
+1%
3 427
-5%
3 082
-10%
2 688
-13%
2 313
-14%
2 032
-12%
1 943
-4%
1 949
+0%
1 890
-3%
1 920
+2%
1 910
-1%
1 892
-1%
1 951
+3%
1 967
+1%
2 102
+7%
2 183
+4%
2 207
+1%
2 218
+0%
2 147
-3%
2 064
-4%
1 970
-5%
1 973
+0%
1 990
+1%
2 119
+6%
2 273
+7%
2 457
+8%
2 531
+3%
2 513
-1%
2 524
+0%
2 444
-3%
2 446
+0%
2 456
+0%
2 450
0%
2 477
+1%
2 420
-2%
2 412
0%
2 429
+1%
2 403
-1%
2 461
+2%
2 500
+2%
2 406
-4%
2 378
-1%
2 343
-1%
2 276
-3%
2 275
0%
2 224
-2%
2 082
-6%
1 717
-18%
1 608
-6%
1 557
-3%
1 646
+6%
1 956
+19%
2 057
+5%
2 085
+1%
2 115
+1%
2 097
-1%
2 087
0%
2 069
-1%
2 053
-1%
2 118
+3%
2 188
+3%
1 220
-44%
2 026
+66%
2 036
+0%
1 964
-4%
2 540
+29%
2 653
+4%
2 774
+5%
2 936
+6%
Operating Income
Operating Expenses
(1 526)
(10 889)
(10 457)
(10 004)
(1 397)
(7 711)
(5 554)
(3 574)
(1 188)
(3 530)
(3 537)
(3 564)
(1 267)
(1 277)
(1 258)
(1 258)
(1 432)
(1 450)
(1 511)
(1 513)
(1 433)
(1 556)
(1 554)
(1 564)
(1 578)
(1 653)
(1 713)
(1 777)
(1 824)
(1 844)
(1 838)
(1 776)
(1 605)
(1 531)
(1 447)
(1 386)
(1 374)
(1 348)
(1 312)
(1 236)
(1 381)
(1 422)
(1 333)
(1 401)
(1 165)
(1 289)
(1 256)
(1 185)
(1 126)
(1 149)
(1 206)
(1 265)
(1 361)
(1 396)
(1 372)
(1 371)
(1 304)
(1 275)
(1 264)
(1 284)
(1 304)
(1 305)
(1 330)
(1 342)
(1 337)
(1 355)
(1 382)
(1 354)
(1 275)
(884)
(806)
(1 125)
(1 152)
(1 108)
(1 055)
(1 058)
(1 045)
(1 080)
(1 155)
(1 180)
(1 221)
(1 228)
(1 192)
(1 167)
(1 186)
(1 186)
(1 197)
(1 242)
(182)
(962)
(966)
(945)
(1 647)
(1 761)
(1 908)
(2 001)
Selling, General & Administrative
(1 526)
(1 265)
(882)
(533)
(1 397)
(436)
(754)
(1 055)
(1 188)
(1 056)
(1 063)
(1 090)
(1 267)
(1 277)
(1 258)
(1 258)
(1 432)
(1 450)
(1 488)
(1 513)
(1 433)
(1 556)
(1 554)
(1 564)
(1 578)
(1 653)
(1 713)
(1 777)
(1 824)
(1 844)
(1 838)
(1 776)
(1 605)
(1 531)
(1 447)
(1 386)
(1 374)
(1 348)
(1 312)
(1 236)
(1 381)
(1 364)
(1 333)
(1 343)
(1 165)
(1 132)
(1 152)
(1 133)
(1 126)
(1 149)
(1 206)
(1 265)
(1 361)
(1 396)
(1 372)
(1 371)
(1 304)
(1 275)
(1 264)
(1 284)
(1 304)
(1 305)
(1 330)
(1 342)
(1 337)
(1 355)
(1 382)
(1 354)
(1 275)
(1 255)
(1 177)
(1 125)
(1 152)
(1 108)
(1 055)
(1 058)
(1 045)
(1 080)
(1 155)
(1 180)
(1 221)
(1 228)
(1 192)
(1 167)
(1 186)
(1 186)
(1 197)
(1 242)
(143)
(953)
(957)
(936)
(1 156)
(1 138)
(1 148)
(1 123)
Research & Development
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(491)
(623)
(760)
(878)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(39)
0
(18)
0
(34)
0
0
0
Other Operating Expenses
0
(9 624)
(9 575)
(9 471)
0
(7 275)
(4 800)
(2 519)
0
(2 474)
(2 474)
(2 474)
0
0
0
0
0
0
(23)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(58)
0
(58)
0
(157)
(104)
(52)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
371
371
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(9)
9
(9)
34
0
0
0
Operating Income
1 010
N/A
740
-27%
606
-18%
724
+19%
981
+35%
828
-16%
834
+1%
847
+2%
761
-10%
767
+1%
776
+1%
815
+5%
845
+4%
919
+9%
989
+8%
1 033
+4%
1 147
+11%
1 203
+5%
1 243
+3%
1 361
+9%
1 395
+2%
1 513
+8%
1 564
+3%
1 651
+6%
1 718
+4%
1 783
+4%
1 844
+3%
1 821
-1%
1 603
-12%
1 238
-23%
850
-31%
537
-37%
427
-20%
412
-4%
502
+22%
504
+0%
546
+8%
562
+3%
580
+3%
715
+23%
586
-18%
680
+16%
850
+25%
806
-5%
1 053
+31%
858
-19%
808
-6%
785
-3%
847
+8%
841
-1%
913
+9%
1 008
+10%
1 096
+9%
1 135
+4%
1 141
+1%
1 153
+1%
1 140
-1%
1 171
+3%
1 192
+2%
1 166
-2%
1 173
+1%
1 115
-5%
1 082
-3%
1 087
+0%
1 066
-2%
1 106
+4%
1 118
+1%
1 052
-6%
1 103
+5%
1 459
+32%
1 470
+1%
1 150
-22%
1 072
-7%
974
-9%
662
-32%
550
-17%
512
-7%
566
+11%
801
+42%
877
+9%
864
-1%
887
+3%
905
+2%
920
+2%
883
-4%
867
-2%
921
+6%
946
+3%
1 038
+10%
1 064
+3%
1 070
+1%
1 019
-5%
893
-12%
892
0%
866
-3%
935
+8%
Pre-Tax Income
Interest Income Expense
(425)
(341)
(256)
(178)
(299)
(146)
(189)
(228)
(275)
(227)
(219)
(211)
(246)
(250)
(262)
(265)
(290)
(316)
(353)
(406)
(438)
(467)
(482)
(482)
(484)
(476)
(453)
(438)
(448)
(82)
(161)
(234)
(309)
(294)
(284)
(278)
(270)
(263)
(255)
(249)
(246)
(239)
(231)
(222)
(212)
(51)
(93)
(134)
(173)
(169)
(174)
(180)
(191)
(187)
(182)
(176)
(169)
(169)
(171)
(175)
(174)
(173)
(172)
(171)
(174)
(173)
(172)
(169)
(166)
(167)
(168)
(171)
(171)
(169)
(168)
(167)
(166)
(166)
(160)
(150)
(142)
(135)
(131)
(129)
(107)
(94)
(81)
(69)
(62)
(71)
(77)
(84)
(97)
(106)
(112)
(116)
Non-Reccuring Items
199
(67)
(27)
275
(106)
(109)
(138)
(147)
(62)
(183)
(176)
(150)
(59)
(61)
(85)
(71)
(118)
(64)
0
(21)
0
0
0
0
0
0
0
0
(526)
(508)
(637)
(679)
(267)
(297)
(178)
(250)
(190)
(178)
(168)
(54)
0
0
(58)
0
0
0
0
0
0
(16)
(36)
(39)
(52)
(36)
(16)
(13)
0
0
0
(115)
(123)
(160)
(173)
(83)
(130)
(93)
(80)
389
371
0
0
(73)
(72)
(111)
(189)
(196)
(147)
(99)
(23)
(26)
(8)
(17)
(15)
(5)
0
0
0
0
(126)
(140)
(153)
(151)
(116)
(102)
(93)
(95)
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(3)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(317)
(216)
(114)
0
0
0
0
0
0
0
0
0
27
27
27
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
19
38
57
76
86
95
104
113
105
97
90
83
102
121
140
159
180
201
220
240
238
237
237
237
244
251
258
263
263
264
265
Pre-Tax Income
784
N/A
332
-58%
323
-3%
821
+154%
576
-30%
573
-1%
507
-12%
472
-7%
424
-10%
357
-16%
381
+7%
454
+19%
540
+19%
608
+13%
642
+6%
697
+9%
739
+6%
823
+11%
890
+8%
934
+5%
957
+2%
1 046
+9%
1 082
+3%
1 169
+8%
1 234
+6%
1 307
+6%
1 391
+6%
1 383
-1%
629
-55%
331
-47%
(164)
N/A
(490)
-199%
(149)
+70%
(179)
-20%
40
N/A
(24)
N/A
86
N/A
121
+41%
157
+30%
412
+162%
337
-18%
468
+39%
588
+26%
611
+4%
841
+38%
807
-4%
715
-11%
651
-9%
674
+4%
656
-3%
703
+7%
789
+12%
853
+8%
912
+7%
943
+3%
964
+2%
971
+1%
1 002
+3%
1 021
+2%
876
-14%
876
N/A
782
-11%
737
-6%
833
+13%
762
-9%
859
+13%
904
+5%
1 329
+47%
1 384
+4%
1 378
0%
1 397
+1%
1 010
-28%
942
-7%
799
-15%
402
-50%
277
-31%
282
+2%
403
+43%
739
+83%
841
+14%
873
+4%
915
+5%
960
+5%
1 006
+5%
1 016
+1%
1 011
0%
1 077
+7%
1 114
+3%
1 087
-2%
1 097
+1%
1 091
-1%
1 042
-4%
943
-10%
947
+0%
925
-2%
989
+7%
Net Income
Tax Provision
(284)
(192)
(190)
(281)
(176)
(175)
(143)
(144)
(109)
(94)
(101)
(118)
(165)
(190)
(215)
(227)
(223)
(233)
(241)
(256)
(264)
(300)
(304)
(341)
(368)
(401)
(444)
(456)
(305)
(189)
(6)
121
76
59
(17)
(7)
6
6
(19)
(90)
(95)
(137)
(176)
(193)
(260)
(231)
(198)
(178)
(176)
(186)
(202)
(226)
(248)
(266)
(273)
(278)
(273)
(281)
(291)
(23)
(33)
10
30
(206)
(190)
(198)
(172)
(193)
(176)
(180)
(206)
(162)
(127)
(113)
(25)
(5)
27
27
(33)
(65)
(126)
(146)
(157)
(163)
(154)
(151)
(172)
(165)
(165)
(165)
(162)
(159)
(118)
(116)
(109)
(161)
Income from Continuing Operations
500
140
133
540
400
398
364
328
315
263
280
336
375
418
427
470
516
590
649
678
693
746
778
828
866
906
947
927
324
142
(170)
(369)
(73)
(120)
23
(31)
92
127
138
322
242
331
412
418
581
576
517
473
498
470
501
563
605
646
670
686
698
721
730
853
843
792
767
627
572
661
732
1 136
1 208
1 198
1 191
848
815
686
377
272
309
430
706
776
747
769
803
843
862
860
905
949
922
932
929
883
825
831
816
828
Net Income (Common)
165
N/A
(378)
N/A
(399)
-6%
2
N/A
(124)
N/A
373
N/A
331
-11%
307
-7%
259
-16%
230
-11%
267
+16%
323
+21%
365
+13%
454
+24%
477
+5%
210
-56%
203
-3%
245
+21%
191
-22%
524
+174%
601
+15%
629
+5%
770
+22%
856
+11%
917
+7%
952
+4%
1 000
+5%
951
-5%
486
-49%
341
-30%
25
-93%
(177)
N/A
(31)
+82%
(125)
-303%
15
N/A
(37)
N/A
86
N/A
123
+43%
131
+7%
321
+145%
242
-25%
331
+37%
413
+25%
422
+2%
589
+40%
590
+0%
531
-10%
479
-10%
498
+4%
464
-7%
495
+7%
555
+12%
600
+8%
643
+7%
666
+4%
683
+3%
697
+2%
719
+3%
729
+1%
974
+34%
962
-1%
913
-5%
889
-3%
627
-29%
307
-51%
395
+29%
466
+18%
870
+87%
1 222
+40%
1 212
-1%
1 205
-1%
862
-28%
815
-5%
686
-16%
377
-45%
272
-28%
309
+14%
430
+39%
705
+64%
775
+10%
746
-4%
768
+3%
802
+4%
842
+5%
861
+2%
859
0%
905
+5%
949
+5%
921
-3%
931
+1%
927
0%
881
-5%
824
-6%
830
+1%
816
-2%
827
+1%
EPS (Diluted)
0.57
N/A
-1.33
N/A
-1.4
-5%
0
N/A
-0.44
N/A
1.36
N/A
1.23
-10%
1.12
-9%
0.94
-16%
0.81
-14%
0.95
+17%
1.14
+20%
1.3
+14%
1.64
+26%
1.73
+5%
0.77
-55%
0.74
-4%
0.92
+24%
0.72
-22%
2.04
+183%
2.31
+13%
2.46
+6%
2.87
+17%
3.36
+17%
3.59
+7%
3.74
+4%
3.92
+5%
3.84
-2%
1.94
-49%
1.39
-28%
0.09
-94%
-0.63
N/A
-0.11
+83%
-0.46
-318%
0.06
N/A
-0.13
N/A
0.3
N/A
0.4
+33%
0.42
+5%
1.06
+152%
0.79
-25%
1.12
+42%
1.39
+24%
1.42
+2%
1.99
+40%
2.04
+3%
1.87
-8%
1.7
-9%
1.75
+3%
1.63
-7%
1.77
+9%
1.99
+12%
2.12
+7%
2.3
+8%
2.39
+4%
2.45
+3%
2.5
+2%
2.63
+5%
2.68
+2%
3.57
+33%
3.53
-1%
3.34
-5%
3.3
-1%
2.33
-29%
1.14
-51%
1.49
+31%
1.81
+21%
3.48
+92%
4.83
+39%
5.12
+6%
5.16
+1%
3.72
-28%
3.5
-6%
2.99
-15%
1.64
-45%
1.19
-27%
1.35
+13%
1.88
+39%
3.09
+64%
3.41
+10%
3.3
-3%
3.49
+6%
3.7
+6%
3.95
+7%
4.01
+2%
4.14
+3%
4.46
+8%
4.74
+6%
4.56
-4%
4.77
+5%
4.83
+1%
4.66
-4%
4.34
-7%
4.51
+4%
4.5
0%
4.61
+2%

See Also

Summary
TXT intrinsic value, competitors valuation, and company profile.
DCF Valuation
TXT stock valuation using Discount Cash Flow valuation method.
Relative Valuation
TXT stock valuation using valuation multiples.
Wall Street Estimates
TXT price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
TXT stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 300,900+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.