The company said sales for Q1 2024 (3 months) rose 9% from the prior-year period to $9.3 billion, a $10.1 billion increase, and operating income rose 13% to $1,071 million. Diluted earnings per share were $6.32, up 15%.

1. 01

   The company said sales for Q1 2024 (3 months) rose 9% from the prior-year period to $9.3 billion, a $10.1 billion increase, and operating income rose 13% to $1,071 million. Diluted earnings per share were $6.32, up 15%.

2. 02

   The company said Aeronautics Systems sales for Q1 rose 18% to $2,969 million, and its operating margin rate increased from 9.4% to 10.0%. Space Systems' operating margin rate fell from 9.3% to 9.1%, which the company attributed to a prior-year benefit from the sale of a license.

3. 03

   The company said net cash used in operating activities for Q1 2024 was $706 million, capital expenditures were $270 million, and free cash flow was $(976) million. It also said operating cash flows are typically more heavily weighted toward the second half of the year.

4. 04

   The company said it returned $1.5 billion to shareholders through dividends and share repurchases in Q1, and reaffirmed its company-level guidance for 2024. Its 2024 sales outlook is $40,800 million to $41,200 million, and its free cash flow outlook is $2,250 million to $2,650 million.

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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