Boeing Expects Revenue of $15.2 Billion

By Bobby Samwell • Friday, January 24 06:10 • Permanent Link

Boeing, in its preliminary fourth quarter results, announced a total revenue of $15.2 billion. The company expects to report a GAAP loss per share of ($5.46) and operating cash flow of ($3.5) billion. In terms of commercial airplanes, the company anticipates recognizing pre-tax earnings charges of $1.1 billion on the 777x and 767 programs due to the impact of the IAM work stoppage and agreement. The 777x program will incur a pre-tax charge of $0.9 billion over the next several years due to higher estimated labor costs associated with finalizing the IAM agreement.

In the defense, space & security segment, Boeing expects to recognize pre-tax earnings charges of $1.7 billion on various programs, including the KC-46A, T-7A, commercial crew, VC-25B, and MQ-25. The KC-46A program will incur a pre-tax charge of $0.8 billion due to higher estimated manufacturing costs, including the impact of the IAM work stoppage and agreement, whereas the T-7A program will face a pre-tax charge of $0.5 billion primarily driven by higher estimated costs on production lots in 2026 and beyond. The company expects to report fourth quarter revenue of $5.4 billion for the defense, space & security segment.

Boeing's cash and investments in marketable securities totaled $26.3 billion at the end of the quarter. Despite facing near-term challenges, the company's president and CEO, Kelly Ortberg, emphasized the steps taken to stabilize the business during the quarter, including reaching an agreement with IAM-represented teammates and conducting a successful capital raise to improve the balance sheet. Additionally, Boeing restarted 737, 767, and 777/777x production and remains focused on building a new future.

The mentioned figures reflect the company's financial performance and the impacts of various factors on its operations during the quarter, providing a detailed insight into Boeing's performance in the recent period. Today the company's shares have moved 2.1% to a price of $178.5. For the full picture, make sure to review Boeing's 8-K report.

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