2024-04-24 13:10:24 ET
The Boeing Company (BA)
Q1 2024 Earnings Conference Call
April 24, 2024 10:30 AM ET
Company Participants
Matt Welch - Vice President of Investor Relations
Dave Calhoun - President & Chief Executive Officer
Brian West - Executive Vice President & Chief Financial Officer
Conference Call Participants
Myles Walton - Wolfe Research
Doug Harned - Bernstein
Cai von Rumohr - TD Cowen
Seth Seifman - JPMorgan
Sheila Kahyaoglu - Jefferies
Noah Poponak - Goldman Sachs
Kristine Liwag - Morgan Stanley
Scott Deuschle - Deutsche Bank
David Strauss - Barclays
Peter Arment - Baird
Jason Gursky - Citigroup
Presentation
Operator
Good day, everyone, and welcome to The Boeing Company's First Quarter 2024 Earnings Conference Call. Today's call is being recorded. The management discussion and the slide presentation plus the analyst question-and-answer session are being broadcast live over the Internet. [Operator Instructions]
At this time, for opening remarks and introductions, I'm turning the call over to Mr. Matt Welch, Vice President of Investor Relations for The Boeing Company. Mr. Welch, please go ahead.
Matt Welch
Thank you, and good morning, everyone. Welcome to Boeing's quarterly earnings call. I am Matt Welch, and with me today are Dave Calhoun, Boeing's President and Chief Executive Officer; and Brian West, Boeing's Executive Vice President and Chief Financial Officer. As a reminder, you can follow today's broadcast and slide presentation at boeing.com. As always, detailed financial information is included in today's press release. Furthermore, projections, estimates and goals included in today's discussion involve risks, including those described in our SEC filings and in the forward-looking statement disclaimer at the beginning of the web presentation. In addition, we refer you to our earnings release and presentation for disclosures and reconciliation of certain non-GAAP measures.
Now I will turn the call over to Dave Calhoun.
Dave Calhoun
Thanks, Matt. Good morning, and thanks for joining us. Although, we report first quarter financial results today, I will direct my comments toward the dramatic actions we've taken since the Alaska Airlines accident in January. First, we began with taking responsibility. We immediately and transparently began supporting the NTSB to identify the cause of the accident. We supported the FAA investigation of the 737-9 fleet in its entirety to do comprehensive airline inspections, and the aircraft were cleared to go back into service.
We immediately acted, working alongside our supply chain, to ensure the door plug depressurization event doesn't ever happen again. We held quality standdowns across all of our production lines in BCA and sought the advice and counsel of more than 70,000 employees to improve our factory disciplines and adherence to our quality standards. All in all, we collected over 30,000 ideas, and the list continues to grow. We have categorized and prioritized all....
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The Boeing Company (BA) Q1 2024 Earnings Call Transcript