Augusta Economy

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Textron, E-Z-Go's parent company, sees higher profits

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Textron Inc., the parent company of E-Z-Go in Augusta, nearly doubled its quarterly profit, it announced Thursday.

Second-quarter profit was $172 million, or 58 cents per share, compared with $90 million, or 29 cents per share, a year earlier.

Revenue rose 10.7 percent to $3.02 billion from $2.73 billion.

The Rhode Island-based company has been riding a wave of strong demand for helicopters, and sales of its Cessna corporate aircraft have started to pick up.

The company said its revenue in the industrial segment, which includes E-Z-Go, increased $37 million, reflecting higher volumes across most of the businesses.

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Former ANIC chief up for housing, development job

The former head of the struggling Augusta Neighborhood Improvement Corp. turned up Wednesday on Augusta's list of four finalists to head the Augusta Housing and Community Development department.
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