Boeing’s third-quarter results showed progress with positive free cash flow for the first time since 2023, but a $4.9 billion charge for 777X delays led to a core loss per share that missed estimates by $2.16. Revenue beat expectations at $23.30 billion, driven by 160 commercial airplane deliveries. Operating cash flow improved to $1.12 billion.

The positive operating cash flow turnaround is a significant milestone for Boeing, indicating that production discipline and safety investments are paying off. Commercial Airplanes revenue reached $11.1 billion this quarter, leading the recovery. The 777X faces delays, with first delivery pushed to 2027, impacting the bottom line and EPS.

CEO Kelly Ortberg remains cautiously optimistic despite setbacks, emphasizing the importance of positive free cash flow and a joint agreement with the FAA to increase 737 production to 42 per month. The production ramp signals regulatory trust in Boeing’s quality controls and strong demand for the 737. Focus remains on stabilizing operations and development programs.

Read more at Yahoo Finance: Boeing Has A 777X Problem