E-Z-GO 2003 Annual Report Download - page 4

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2
Focus. There’s no more important word at Textron these days. We’re focused on execution, we’re
focused on alignment and we’re focused on results.
Forward. We’re moving forward, thinking forward and building momentum for the future.
That’s because we’re dedicated to transforming Textron into the premier multi-industry company,
recognized for our network of powerful brands, talented people and world-class processes.
Our journey began three years ago when we set out to transform Textron – fundamentally and
comprehensively. While simultaneously weathering one of the toughest economic climates in
recent history, we’ve been changing the very DNA of this company.
These efforts helped offset a $500 million decline in 2003 sales volume, reflecting a downturn in
the business jet and key industrial markets. Although we were not satisfied with our 2003 finan-
cial performance, the benefits of our transformation were apparent as we significantly offset the
earnings impact from last year’s sales volume drop-off through programs like Textron Six Sigma,
Integrated Supply Chain Management, restructuring and other efforts.
The pipeline of new products coming to market points to very strong performance in the
second half of this decade. Our greatest need right now is to accelerate the pace of execution
in 2004.
So we’re highly focused, yes, and moving fast forward.