Boeing Reports Second-Quarter Results

CHICAGO, July 24, 2019 — (PRNewswire) —
  • Continue to engage global regulators and customers on safe return to service of the 737 MAX
  • Recorded charge and increased costs related to the 737 MAX, as previously announced
  • Revenue of $15.8 billion reflecting 737 MAX impacts and higher defense and services volume
  • Loss of ($5.21) per share (GAAP) and core (non-GAAP)* loss of ($5.82) per share
  • Operating cash flow of ($0.6) billion; paid $1.2 billion of dividends
  • Total backlog of $474 billion, including more than 5,500 commercial airplanes
  • Cash and marketable securities of $9.6 billion provide strong liquidity
  • Previously issued 2019 guidance does not reflect 737 MAX impacts; new guidance to be issued at a future date

 













Table 1. Summary Financial Results

Second Quarter




First Half



(Dollars in Millions, except per share data)

2019


2018


Change


2019


2018


Change













Revenues

$15,751


$24,258


(35)%


$38,668


$47,640


(19)%













GAAP












(Loss)/Earnings From Operations

($3,380)


$2,710


NM


($1,030)


$5,585


NM

Operating Margin

(21.5)%


11.2%


NM


(2.7)%


11.7%


NM

Net (Loss)/Earnings

($2,942)


$2,196


NM


($793)


$4,673


NM

(Loss)/Earnings Per Share

($5.21)


$3.73


NM


($1.40)


$7.88


NM

Operating Cash Flow

($590)


$4,680


NM


$2,198


$7,816


NM

Non-GAAP*












Core Operating (Loss)/Earnings

($3,745)


$2,393


NM


($1,759)


$4,903


NM

Core Operating Margin

(23.8)%


9.9%


NM


(4.5)%


10.3%


NM

Core (Loss)/Earnings Per Share

($5.82)


$3.33


NM


($2.60)


$6.97


NM


*Non-GAAP measure; complete definitions of Boeing's non-GAAP measures are on page 6, "Non-GAAP Measures Disclosures."     


1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12  Next Page »
Featured Video
Jobs
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
Business Technology Analyst for Surface Water Management at Everett, Washington
GIS Specialist for Washington State Department of Natural Resources at Olympia, Washington
Equipment Engineer, Raxium for Google at Fremont, California
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Upcoming Events
Dimensions User Conference 2024 at The Venetian Resort Las Vegas NV - Nov 11 - 13, 2024
URISA GIS Leadership Academy at Embassy Suites Fort Worth Downtown 600 Commerce Street Fort Worth, TX - Nov 18 - 22, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise