© Reuters.  Boeing to generate 15% profit in Q1, CEO says© Reuters. Boeing to generate 15% profit in Q1, CEO says

  • Boeing (BA +1%) CEO Dennis Muilenburg says the company should generate ~15% of its earnings per share and 10% of its cash for the full year during Q1.
  • Boeing said last month that it expects to earn adjusted EPS of $13.80-$14.00 for FY 2018 and $15B in operating cash flow.
  • Muilenburg also says a potential acquisition of Brazilian plane maker Embraer (ERJ +0.8%) would be “a great strategic fit” but would not change Boeing’s strategy if it does not materialize. “This is a great complement to our strategy but not a must do.”
  • The CEO made the remarks at an investor conference in Miami organized by Citigroup (NYSE:C).
  • Now read: Keep Buying Boeing

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