Jul. 21, 2015, 5:30 PM
Apr. 22, 2015, 7:44 AM
- 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)
- BA flat premarket
Apr. 22, 2015, 7:31 AM
- Boeing (NYSE:BA): Q1 EPS of $1.97 beats by $0.16.
- Revenue of $22.15B (+8.3% Y/Y) misses by $340M.
- Shares +0.5% PM.
Apr. 21, 2015, 5:30 PM
Jan. 28, 2015, 7:58 AM
- Net income of $1.47B, or $2.02 per share vs. $1.23B, or $1.61 per share in the same quarter a year ago. Core earnings, which exclude some pension and other costs, rose to $2.31 per share from $1.88.
- Revenues by segment: Commercial Airplanes +15%; Military Aircraft -29%; Network & Space Systems -4%; Global Services & Support +2%.
- The company repurchased 7.8M shares during the quarter for $1B, and increased the share repurchase authorization to a total of $12B, replacing the authorization approved in 2013 of which approximately $4.8B was remaining.
- Total backlog at quarter-end was a record $502B, up from $490B at the beginning of the quarter, and included net orders for the quarter of $37B.
- Core earnings per share guidance for 2015 is set at between $8.20-$8.40, on revenue of $94.5B-$96.5B. The company also expects between 750-755 commercial airplane deliveries in 2015.
- BA +3.6% premarket
- Q4 results
Jan. 28, 2015, 7:31 AM
- Boeing (NYSE:BA): Q4 EPS of $2.31 beats by $0.20.
- Revenue of $24.47B (+2.9% Y/Y) beats by $540M.
- Shares +1.9% PM.
Jan. 27, 2015, 5:30 PM| Jan. 27, 2015, 5:30 PM | 1 Comment
Oct. 22, 2014, 8:05 AM
- Net income of $1.4B, or $1.86 per share vs. $1.2B, or $1.51 per share in the same quarter a year ago. Core earnings, which exclude some pension and other costs, rose to $2.14 per share from $1.80.
- Revenues by segment: Commercial Airplanes +15%; Military Aircraft +3%; Network & Space Systems -9%; Global Services & Support -1%.
- The company repurchased 8M shares during the quarter for $1B, leaving $5.8B remaining under the current repurchase authorization expected to be completed over approximately the next one to two years.
- Total backlog at quarter-end was a record $490B, up from $440B at the beginning of the quarter, and included net orders for the quarter of $73B.
- The company updated its core earnings outlook for 2014 to $8.10-$8.30 per share from a prior $7.90-$8.10.
- Q3 results
Oct. 22, 2014, 7:31 AM
- Boeing (NYSE:BA): Q3 EPS of $2.14 beats by $0.16.
- Revenue of $23.8B (+7.5% Y/Y) beats by $780M.
- Shares +3% PM.
Oct. 21, 2014, 5:30 PM
Jul. 23, 2014, 12:25 PM
- Boeing (BA -2.5%) is pushing down the Dow Jones average despite reporting strong Q2 earnings and raising full-year guidance, as investors focus on a $425M charge involving the company’s KC-46A military tanker program.
- "It is worrying that Boeing is booking a charge of this magnitude at a relatively early stage in this long-term program, particularly given recent assurances from management that everything was going to plan," RBC analyst Robert Stallard writes.
- The problem could conjure up scary visions of Boeing’s 787 commercial airliner program, which was bogged down by delays for several years.
- In today's earnings conference call, CEO Jim McNerney said the charge reflected wiring problems, and sought to ease investor concerns about delivering on the commercial jet order book, noting that requests to defer jet deliveries remained below their historical average.
- Another area of some concern was cash flow from operations, which came in at $1.81B in Q2, below the $1.94B analysts had forecast.
Jul. 23, 2014, 9:35 AM
- Boeing (BA -1.9%) raised its earnings guidance for the year after reporting strong net earnings that rose 52% to $1.65B from $1.1B Y/Y.
- The increase triggered the aircraft-maker to lift its full-year earnings estimate to $7.90 to $8.10 a share, from its earlier view of $7.15 to $7.35.
- Many factors contributed to the company's strong performance including high demand for the aerospace giant's jetliners, aggressive cost-cutting and $408M in tax benefits.
- Jet deliveries increased 7.1% Q/Q, delivering 181 planes vs. 169 in Q1.
- Operating cash flow in Q2 dropped 48% to $1.81B due to the company's commercial airplane production rates and timing of receipts.
- Q2 earnings
Jul. 23, 2014, 7:31 AM
- Boeing (NYSE:BA): Q2 EPS of $2.42 beats by $0.43.
- Revenue of $22.05B (+1.1% Y/Y) misses by $420M.
- Shares +1.7% PM.
Jul. 22, 2014, 5:30 PM
Apr. 23, 2014, 7:56 AM
- Boeing (BA) net profit -13% to $965M.
- Core operating earnings +12% to $2.095B; margin 10.2% vs 9.9% a year earlier.
- Boeing Commercial Airplanes revenues +19% to $12.74B; operating profit +23% to $1.5B, margin 11.8% vs 11.4%; deliveries 161 planes vs 137 planes. Booked 235 net orders, backlog over 5,100 airplanes valued at $374B.
- Boeing Defense, Space & Security revenues -6% to $7.63B; operating earnings -6% to $778M, margin 10.2% vs 10.3%.
- Increases 2014 core EPS guidance to $7.15-7.35 from $7.00-7.20 prior to reflect the benefit of a tax settlement that Boeing will recognize in Q2. Consensus is for $7.38. Expects revenue of $87.5-90.5B vs forecasts of $90.09B; deliveries of 715-725 commercial jets.
- Shares +1.9% premarket. (PR)
The Boeing Co. is an aerospace company that manufactures commercial jetliners and defense, space and security systems. Its products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and... More
Sector: Industrial Goods
Industry: Aerospace/Defense Products & Services
Country: United States
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