Boeing Exec Says We'll Definitely Update Guidance For Next Year As We Get Into Early Part Of Next Year; Expect 2024 Cash Flow To Be Higher Than 2023 Based On Commercial Deliveries, Inventory Liquidation And 777X Ramp
Portfolio Pulse from Benzinga Newsdesk
During an investor call, a Boeing executive stated that the company will update its guidance for the next year in the early part of the year. The executive also expects the cash flow for 2024 to be higher than that of 2023, based on commercial deliveries, inventory liquidation, and the 777X ramp.
October 25, 2023 | 3:20 pm
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Boeing's cash flow for 2024 is expected to increase due to commercial deliveries, inventory liquidation, and the 777X ramp. This could potentially boost the company's stock price.
The executive's statement indicates a positive outlook for Boeing's financial performance in the coming years. This could lead to increased investor confidence and a potential rise in the company's stock price.
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