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Dec 31, 2024

Boeing Q4 2024 Earnings Report

Boeing's Q4 2024 performance was affected by the IAM work stoppage, charges on defense programs, and workforce reductions.

Key Takeaways

Boeing's Q4 2024 results were impacted by the IAM work stoppage and agreement, charges for certain defense programs, and costs associated with workforce reductions. The company reported a revenue of $15.2 billion, a GAAP loss per share of ($5.46), and a core (non-GAAP) loss per share of ($5.90).

Finalized the International Association of Machinists and Aerospace Workers (IAM) agreement and resumed production across the 737, 767 and 777/777X programs

Financials reflect previously announced impacts of the IAM work stoppage and agreement, charges for certain defense programs, and costs associated with workforce reductions announced last year

Revenue of $15.2 billion, GAAP loss per share of ($5.46) and core (non-GAAP)* loss per share of ($5.90)

Operating cash flow of ($3.5) billion; cash and marketable securities of $26.3 billion

Total Revenue
$15.2B
Previous year: $22B
-30.8%
EPS
-$5.9
Previous year: -$0.47
+1155.3%
Commercial Airplanes Backlog
$435B
Previous year: $441B
-1.2%
Defense, Space & Security Backlog
$64B
Previous year: $59B
+8.5%
Global Services Backlog
$21.4B
Previous year: $19.9B
+7.7%
Gross Profit
-$1.59B
Previous year: $2.7B
-158.9%
Cash and Equivalents
$13.8B
Previous year: $12.7B
+8.7%
Free Cash Flow
-$4.1B
Previous year: $2.95B
-238.9%
Total Assets
$156B
Previous year: $137B
+14.1%

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Boeing Revenue by Segment

Forward Guidance

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include statements relating to future financial condition and operating results.

Revenue & Expenses

Visualization of income flow from segment revenue to net income