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Boeing +6.6% on record quarterly earnings

Published 01/30/2019, 07:53 AM
© Reuters.  Boeing +6.6% on record quarterly earnings
BA
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  • Record core operating earnings grew 8% Y/Y to $5.48 per share vs. $5.07 per share in the same quarter a year ago.
  • Revenue by segment: Commercial Airplanes +14%; Defense, Space & Security +16%; Global Services +29%.
  • Booked 262 net orders in Q4 and delivered 238 commercial airplanes, including the delivery of the 787th 787 Dreamliner and the first 737 MAX Boeing Business Jet.
  • Backlog remains robust with more than 5,900 commercial airplanes valued at $412B.
  • Operating cash flow of $2.9B; repurchased 1.6M shares for $600M; paid $1B in dividends; cash and marketable securities of $8.6B; completed the acquisition of KLX.
  • Outlook for 2019: Core EPS of $19.90-$20.10; Revenues of $109.5B-$111.5B; Commercial deliveries of 895-905 planes.
  • BA +6.6% premarket
  • Q4 results
  • Now read: Boeing 787 Profit Growth Continues


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