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Sep 30, 2020
Boeing Q3 2020 Earnings Report
Boeing's financial results were significantly impacted by COVID-19 and the 737 MAX grounding. The company proactively managed liquidity and transformed for the future.
Key Takeaways
Boeing reported a third-quarter revenue of $14.1 billion, with a GAAP loss per share of ($0.79) and a core loss per share (non-GAAP) of ($1.39). The results reflect lower commercial deliveries and services volume primarily due to COVID-19. Boeing recorded an operating cash flow of ($4.8) billion.
Financial results continue to be significantly impacted by COVID-19 and the 737 MAX grounding.
Proactively managing liquidity and transforming for the future.
Revenue of $14.1 billion, GAAP loss per share of ($0.79) and core (non-GAAP)* loss per share of ($1.39).
Total backlog of $393 billion, including more than 4,300 commercial airplanes
Revenue by Segment
Forward Guidance
Boeing expects to continue lowering overall staffing levels through natural attrition as well as voluntary and involuntary workforce reductions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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