earnings
confidence high
sentiment negative
materiality 0.90
Boeing Q2 GAAP loss per share ($2.33); revenue down 15% to $16.9B; free cash flow ($4.3)B
BOEING CO
2024-Q2 EPS reported
-$2.90
revenue$33,435,000,000
- Revenue $16.9B (-15% YoY); GAAP EPS ($2.33), core EPS ($2.90); operating cash flow ($3.9)B, free cash flow ($4.3)B.
- Commercial Airplanes delivered 92 aircraft (-32% YoY); segment loss $715M; plans to increase 737 production to 38/month by year-end.
- Defense, Space & Security loss $913M from $1B fixed-price program charges (KC-46A $391M, T-7A, VC-25B, Commercial Crew).
- Announced agreement to acquire Spirit AeroSystems; transaction expected to close mid-2025; submitted safety plan to FAA.
- Cash and investments $12.6B, debt $57.9B; $244M charge for potential DOJ fine.