S&P On Boeing Says Forecast That Cash Flow Will Be Modest In 2024 Before Improving In 2025; Timing Of Announcing Successful CEO, Chair Candidates Is Unknown, Though We Assume It Will Take Place This Year; Anticipate That Boeing Will Not Generate Sufficient Free Cash Flow In 2024 To Cover About $5B Of Debt Maturities
Portfolio Pulse from Benzinga Newsdesk
S&P forecasts Boeing's cash flow to be modest in 2024, improving in 2025. The timing for announcing new CEO and Chair candidates is uncertain, expected this year. Boeing is anticipated not to generate enough free cash flow in 2024 to cover approximately $5B of debt maturities.
April 25, 2024 | 2:27 pm
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NEGATIVE IMPACT
Boeing's cash flow is expected to be modest in 2024 but will improve in 2025. The company may struggle to cover $5B in debt maturities in 2024.
The forecast by S&P indicates financial challenges for Boeing in the short term, particularly in 2024, due to modest cash flow and significant debt maturities. This situation could pressure the stock as investors may be concerned about the company's ability to manage its debts without sufficient free cash flow.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
As a key supplier to Boeing, Spirit AeroSystems may experience indirect financial impacts due to Boeing's forecasted modest cash flow and debt management challenges in 2024.
Spirit AeroSystems, being a major supplier to Boeing, could be indirectly affected by Boeing's financial challenges. If Boeing's cash flow issues in 2024 lead to reduced orders or delayed payments to suppliers, SPR could face financial headwinds.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60