earnings
confidence high
sentiment negative
materiality 0.85
Boeing posts Q3 GAAP loss of $9.97/share; $5B in charges on 777X/767/defense programs
BOEING CO
2024-Q3 EPS reported
-$12.91
revenue$51,275,000,000
- Revenue $17.84B, GAAP loss per share ($9.97), core loss per share ($10.44) vs ($3.26) a year ago.
- Operating cash flow ($1.345B), free cash flow ($2.0B); new $10B undrawn credit facility entered.
- Commercial Airplanes loss from ops $4.02B on 54% margin; $3B charges on 777X/767 programs.
- Defense, Space & Security loss from ops $2.38B on 43% margin; $2B charges on T-7A, KC-46A, Crew, MQ-25.
- IAM work stoppage depressed deliveries (116 planes) and results; backlog $511B.