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Sep 30, 2024
Boeing Q3 2024 Earnings Report
Boeing's Q3 2024 results reflected the impacts of the IAM work stoppage and previously announced charges on commercial and defense programs.
Key Takeaways
Boeing reported a challenging third quarter in 2024, with revenue at $17.8 billion. The company experienced a GAAP loss per share of ($9.97) and a core loss per share (non-GAAP) of ($10.44). Boeing's operating cash flow was ($1.3) billion and free cash flow was ($2.0) billion (non-GAAP). Total company backlog remained strong at $511 billion, including over 5,400 commercial airplanes.
Revenue reached $17.8 billion.
GAAP loss per share was ($9.97), and core loss per share (non-GAAP) was ($10.44).
Operating cash flow was ($1.3) billion, and free cash flow was ($2.0) billion (non-GAAP).
Total company backlog was $511 billion, including over 5,400 commercial airplanes.
Revenue by Segment
Forward Guidance
Boeing is focused on fundamentally changing the culture, stabilizing the business, and improving program execution, while setting the foundation for the future.
Positive Outlook
- Focusing on fundamentally changing the culture.
- Stabilizing the business.
- Improving program execution.
- Setting the foundation for the future of Boeing.
- 787 program is currently producing at 4 per month and maintains plans to return to 5 per month by year end.
Challenges Ahead
- Financials reflect impacts of the International Association of Machinists and Aerospace Workers (IAM) work stoppage.
- Financials reflect previously announced charges on commercial and defense programs.
- Lower commercial widebody deliveries.
- Unfavorable working capital timing.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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