The company said its Q1 2024 revenue rose 14% year over year to $1.82 billion, and that the commercial aerospace market grew 23%. Net income was $243 million ($0.59 per share), compared with $148 million ($0.35 per share) in Q1 2023.

1. 01

   The company said its Q1 2024 revenue rose 14% year over year to $1.82 billion, and that the commercial aerospace market grew 23%. Net income was $243 million ($0.59 per share), compared with $148 million ($0.35 per share) in Q1 2023.

2. 02

   The company said its adjusted EBITDA excluding special items for Q1 2024 was $437 million, up 21% year over year, with a margin of 24.0%. Operating income was $369 million, and the operating income margin was 20.2%.

3. 03

   The company presented the baseline for its 2024 revenue outlook at $7.300B and the baseline for free cash flow at $800M. It also said it repurchased shares of common stock totaling $150 million in Q1 2024, at an average price of $66.87 per share.

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. Some paragraphs were omitted because their support in the source could not be confirmed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.