Also on our cheat sheet: Spring savings from Lego, Hanes, Cuisinart and more.
Q1 2024 Simpson Manufacturing Co Inc Earnings Call
The company now expects 2024 operating profit of $6.2 billion to $6.6 billion, compared with its earlier forecast of $6 billion to $6.5 billion. Since then, Wall Street analysts have been bullish on the prospects of the aerospace business, with some citing the dominant lead of CFM International, GE's joint venture with Safran, as a supplier to Airbus' A320neo family of jets, over competing engine maker Pratt & Whitney. CFM is also the sole supplier to Boeing's 737 MAX family of jets, which are currently being produced at a lower rate due to an ongoing safety crisis.