From Financial Modeling Prep: 2025-01-28 10:03:00

The Boeing Company (NYSE:BA) faced a tough fourth quarter with revenue dropping to $15.2 billion and a GAAP loss per share of ($5.46). On a core (non-GAAP) basis, the loss per share was ($5.90), impacted by various factors including a work stoppage and charges related to defense programs.

Boeing’s operating cash flow was negative $3.5 billion for the quarter, with total cash and marketable securities at $26.3 billion. In 2024, the company delivered 348 commercial airplanes and had 279 net orders, maintaining a backlog of $521 billion for over 5,500 commercial aircraft.

The Commercial Airplanes division saw a 55% revenue decrease to $4.8 billion, while the Defense, Space & Security segment reported $5.4 billion in revenue with an operating margin of (41.9) percent due to charges across programs.

Boeing’s Global Services segment stood out with $5.1 billion in revenue and a 19.5% operating margin in the fourth quarter, driven by increased commercial activity and a better product mix.

President and CEO Kelly Ortberg vowed to stabilize operations and rebuild trust with stakeholders, emphasizing Boeing’s commitment to making foundational changes for improved performance, safety, and quality company-wide.



Read more at Financial Modeling Prep:: Boeing Reports Deep Losses Amid Operational Challe…