earnings
confidence high
sentiment negative
materiality 0.80
Boeing Q3 revenue $18.1B, GAAP loss ($2.70)/share; cuts 737 delivery outlook to 375-400
BOEING CO
2023-Q3 EPS reported
-$3.64
revenue$55,776,000,000
- GAAP loss per share ($2.70); core loss per share ($3.26); operating cash flow $22M, free cash flow ($310M).
- Commercial Airplanes loss from operations $278M; 105 deliveries; now expects 375-400 737 deliveries due to aft pressure bulkhead rework.
- Defense, Space & Security loss from operations $924M including $482M VC-25B charge and $315M satellite loss.
- Global Services earnings $784M on $4.8B revenue; total backlog $469B, over 5,100 commercial airplanes.
- Guidance reaffirmed: operating cash flow $4.5-$6.5B, free cash flow $3.0-$5.0B; 787 deliveries still 70-80.