Boeing CFO Reaffirms 2023 FCF Goal; Says Recovery From Recent Quality Issue Will Be "Lumpy Not Linear"; AFT Pressure Bulkhead Issue Will Impact 75% Of 220 Inventory 737s
Portfolio Pulse from Happy Mohamed
Boeing's CFO has reaffirmed the company's 2023 Free Cash Flow (FCF) goal, stating that recovery from recent quality issues will be 'lumpy not linear'. The AFT Pressure Bulkhead issue is expected to impact 75% of the 220 inventory 737s.
September 07, 2023 | 1:37 pm
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NEGATIVE IMPACT
Boeing's recovery from recent quality issues is expected to be uneven, which may impact investor confidence. The AFT Pressure Bulkhead issue will affect a significant portion of the 737 inventory, potentially affecting sales and revenues.
The reaffirmation of the 2023 FCF goal is a positive signal. However, the 'lumpy not linear' recovery and the significant impact of the AFT Pressure Bulkhead issue on the 737 inventory could negatively affect investor sentiment and potentially the company's revenues, leading to a potential short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100