Boeing CFO Says FCF For Q4 Can Look Similar To Q2; Expect First Half Of Next Year To Be Cash Usage And Second Half Positive; Timing Benefit From BCA Customer Advances Cut Expected Working Capital By About Half As We Closed Q3; Can't Wave A Wand And Clean Up Troubled BDS Contracts; CEO Says No Change In Commitment To Spirit Deal
Portfolio Pulse from Benzinga Newsdesk
Boeing's CFO indicated that the free cash flow (FCF) for Q4 might resemble Q2's performance. The first half of the next year is expected to see cash usage, with a positive cash flow anticipated in the second half. A timing benefit from BCA customer advances reduced working capital significantly by the end of Q3. The CEO reaffirmed Boeing's commitment to the Spirit deal, despite challenges with BDS contracts.
October 23, 2024 | 3:11 pm
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POSITIVE IMPACT
Boeing's CFO forecasts Q4 FCF similar to Q2, with cash usage in the first half of next year and positive cash flow in the second half. The company benefits from BCA customer advances, reducing working capital. The CEO confirms commitment to the Spirit deal.
The forecast of similar FCF in Q4 as Q2 suggests stability in cash flow, which is positive for investors. The commitment to the Spirit deal indicates strategic consistency, which can be reassuring for stakeholders. The reduction in working capital due to BCA advances is a positive financial maneuver.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100