PPRuNe Forums - View Single Post - MAX’s Return Delayed by FAA Reevaluation of 737 Safety Procedures Mk II
Old 20th Dec 2019, 18:28
  #49 (permalink)  
slacktide
 
Join Date: Feb 2008
Location: Apple Maggot Quarantine Area
Age: 47
Posts: 100
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by derjodel
The article you linked to states that Boeing expects to not pursue stock buybacks for the next several years.

In fact, Boeing previously announced that they had stopped buybacks in mid-March, during the Q1 2019 earnings call on 24 April 2019. Transcript: https://s2.q4cdn.com/661678649/files/doc_financials/quarterly/2019/q1/1Q19-Earnings-Call-Transcript-(1).pdf

Reviewing the 1Q, 2Q, and 3Q quarterly reports confirms this. $2341M worth of common shares were repurchased in Q1, $310M repurchased Q2 (with a note in the quarterly report that these were contractually obligated) and $zero repurchased Q3. Want to wager on what Q4 will say?

https://investors.boeing.com/investo...s/default.aspx
slacktide is offline