- Q1 core operating earnings of $2.132B or $1.97 per share vs. $2.095B and $1.76 one year ago. Core operating margin of 9.6% down 60 basis points. Operating cash flow of $88M vs. $1.112B a year ago.
- Commercial Airplanes operating earnings of $1.617B up 8% Y/Y, with operating margin of 10.5% down 130 basis points. Deliveries of 184 vs. 161. Revenues of $15.381B up 21%. 110 net orders booked during Q, with backlogs of more than 5.7K planes valued at $435B.
- Defense, Space & Security operating earnings of $743M down 4% Y/Y on revenue of $6.709B down 12%. Operating margin of 11.1% up 90 basis points.
- 2015 guidance is reaffirmed: Core EPS of $8.20-$8.40, operating cash flow above $9B, Commercial Airplane deliveries of 750-755 with operating margin of 9.5-10%, Defense, Space & Security revenue of $29.5B-$30.5B with operating margin of 9.75-10%.
- Q1 Performance Review
- Previously: Boeing beats by $0.16, misses on revenue (April 22)
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BA flat premarket