earnings
confidence high
sentiment negative
materiality 0.85
Boeing preannounces Q3 GAAP loss per share of ($9.97); revenue $17.8B; major charges on 777X and defense programs
BOEING CO
2024-Q3 EPS reported
-$12.91
revenue$51,275,000,000
- Q3 preliminary revenue $17.8B, GAAP loss per share ($9.97), operating cash flow ($1.3B) negative.
- Commercial Airplanes records $3.0B pre-tax charge: $2.6B on 777X (777-9 delivery delayed to 2026) and $0.4B on 767 freighter (production ends 2027).
- Defense, Space & Security records $2.0B pre-tax charge on T-7A, KC-46A, Commercial Crew, and MQ-25 programs.
- IAM work stoppage cited as key driver of charges and schedule delays; full Q3 results due Oct 23.
- Cash and investments $10.5B at quarter end; Commercial Airplanes revenue $7.4B (margin -54%), Defense revenue $5.5B (margin -43.1%).