The company said its U.S. GAAP total diluted earnings per share was 51 cents for the Q2 2024 quarter, compared with 55 cents in the same quarter of 2023, and its comparable diluted earnings per share was 74 cents, compared with 61 cents.

1. 01

   The company said its U.S. GAAP total diluted earnings per share was 51 cents for the Q2 2024 quarter, compared with 55 cents in the same quarter of 2023, and its comparable diluted earnings per share was 74 cents, compared with 61 cents.

2. 02

   The company said it completed the divestiture of its aerospace business on February 16, 2024. The sale price was $5.6 billion, the pre-tax gain was $4.67 billion, and the cash received at close, net of cash disposed, was $5.42 billion. It said $461 million of the approximately $1.00 billion in related income taxes had been paid as of June 30, 2024.

3. 03

   The company reported that operating cash flow was an outflow of $995 million in the first half of 2024, and free cash flow was an outflow of $1,255 million. Adding back the $461 million of taxes paid related to the aerospace divestiture, adjusted free cash flow was an outflow of $794 million.

4. 04

   The company said it returned $790 million to shareholders through share repurchases and dividends in the first half of 2024. It also said it expects to return more than $1.6 billion to shareholders by the end of 2024.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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