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CLAIM #8953 · The Boeing Company (BA) · 2022Q4 earnings call · Jan 25, 2023 · due Dec 31, 2023

As we move our way into 2023, we clearly expect those margins to get better.

Brian West · CFO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

f things. One, Brian, I think you mentioned $600 million higher abnormal cost on the 787. Is that cash? Is that absorbed now in the '23 unchanged free cash flow guidance? And then also for defense, if you can just touch on your margin profitability expectation and rough magnitude for 2023? Thanks. Brian West: Sure. So, in terms of the first question, the 787 abnormal, there is no cash impact. Part of that is just because part of that is just fixed cost absorption, but there's no change in the cash outlook. It's not significant in that regard. So, we're holding on the defense margins. So, in the quarter, as I mentioned, we had some bump around from the supply chain constraints and some of the labor, not just in the fourth quarter, as well as some of the timing of accruals that I mentioned. As we move our way into 2023, we clearly expect those margins to get better. It's not going to be all the way back to what normal might look like, but it's going to be improved sequentially. And we feel pretty good about the lineup in terms of the product portfolio. And as we remind you is that the products are performing incredibly well with the customers. So, we feel good about the underlying basis. BDS margins will get better, and we're positioned for that as we head into the year. Myles Walton: Alright. Thank you. Operator: Next, we'll go to Kristine Liwag with Morgan Stanley. Please go ahead. Kristine Liwag: Good morning, everyone. Dave, you mentioned the milestone order from United despite the macroeconomic uncertainty in the near and medium term. So, when you look at COVID-19 now approaching the rearview mirror, China reopening, I mean the demand for air t

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SEC filings for BA · Claim quote is verbatim from the 2022Q4 earnings call.