E-Z-GO 2007 Annual Report Download - page 8

Technology Center in Bangalore, India, is one example. In combina-
tion with our U.S. operations, it allows us to carry on our engineer-
ing and research and development efforts essentially around the
clock.
As we review our powerful performance in 2007, we look ahead to
a powerful future. The outlook for 2008 and beyond is solid, with
Textron benefi ting from continued robust organic growth and strong
return on invested capital (ROIC).
Across Textron, global sales will play an increasingly important role
in our success. Currently, sales outside the United States account
for only 39 percent of Textron revenues, which leaves us ample
room to grow. Our ability to take advantage of changes in the global
marketplace is paramount to achieving our goal of premier status,
producing shareholder returns in the top quartile of our peer group.
Helping us to achieve our goals, our Board of Directors is key to our
performance and our future, and I would like to personally thank
and recognize outgoing Director Jesse Arnelle following 15 years of
service and dedication to our company.
Our management team and workforce are the strongest I’ve seen,
and together, we have the power to seize the many opportunities
that lie ahead for our company. Thank you for your support.
Lewis B. Campbell
Chairman, President and Chief Executive Offi cer
Certifi ed Six Sigma Green Belt
At Textron Financial, High Credit Quality and Customer
Service Underscore Another Year of Growth
Textron Financial enjoyed a year of continued solid growth, with its
portfolio of managed fi nance receivables growing to $11 billion. At
the same time, we’re proud of our disciplined approach to growth at
Textron Financial, as evidenced by our continued solid credit quality.
The business’ growth strategy focuses largely on expansion into
adjacent spaces and new geographic markets. Textron Financial
extended its reach to 65 countries through its Aviation Finance
Division, and further expansion will likely mirror Cessna Aircraft’s
increasing geographic reach. Its Distribution Finance Group grew
receivables in Canada to $681 million and established a new
European operation in the United Kingdom to provide inventory
fi nancing to dealers in Western Europe.
Leveraging the Power of the Networked Enterprise
At Textron, we are more actively networking our businesses. It’s
more than just talk. Our business units are increasingly taking
advantage of the resources, talent and technology found across our
company. For example, E-Z-GO brought in engineers from elsewhere
in Textron to help evaluate the new RXV golf car’s systems. Cessna
has provided Bell with systems expertise and will allocate manufac-
turing space at its plant in Mexico in the coming year to help Bell
expand capacity. Our networked enterprise will continue to bring
new levels of value to all Textron businesses.
Powerful Performance Fuels Our Journey to Premier
Clearly, we’ve made a lot of progress on our journey to become the
premier multi-industry company. At the same time, it’s a journey
that will never really end because we will continually need to fi nd
ways of improving our productivity and profi tability. Our Global
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$ 18.8 billion
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