earnings
confidence high
sentiment negative
materiality 0.85
Boeing Q1 2024: Revenue $16.6B, GAAP loss per share ($0.56), core loss ($1.13); cash burn $3.9B
BOEING CO
2024-Q1 EPS reported
-$0.56
revenue$16,569,000,000
- Revenue $16.6B (-8% YoY); GAAP loss per share ($0.56) vs ($0.69) prior year.
- Core (non-GAAP) loss per share ($1.13); operating cash flow ($3.4B), free cash flow ($3.9B).
- Commercial deliveries down 36% to 83; 737 production slowed below 38/month for quality improvements.
- Commercial Airplanes operating margin (24.6)% due to lower 737 deliveries and grounding considerations.
- Total backlog $529B; debt $47.9B (down from $52.3B); cash+securities $7.5B (down from $16.0B).