Boeing Reports Third-Quarter Results; Raises Cash Flow and EPS Guidance

(PRNewswire) —

  • Revenue of $24.3 billion, including a record 202 commercial aircraft deliveries
  • GAAP EPS of $3.06 and core EPS (non-GAAP)* of $2.72 on solid execution
  • Strong operating cash flow of $3.4 billion; repurchased 11 million shares for $2.5 billion
  • Backlog remains robust at $474 billion, including nearly 5,700 aircraft in commercial airplane orders
  • Cash flow and EPS guidance raised; segment guidance updated

 

                                   

Table 1. Summary Financial Results

 

Third Quarter

   

Nine Months

 

(Dollars in Millions, except per share data)

 

2017

2016

Change

2017

2016

Change

               

Revenues

   

$24,309

   

$23,898

 

2%

   

$68,024

   

$71,285

 

(5)%

 
               

GAAP

             

Earnings From Operations

   

$2,689

   

$2,282

 

18%

   

$7,248

   

$3,651

 

99%

 

Operating Margin

 

11.1%

 

9.5%

 

1.6 Pts

 

10.7%

 

5.1%

 

5.6 Pts

 

Net Earnings

   

$1,853

   

$2,279

 

(19)%

   

$5,065

   

$3,264

 

55%

 

Earnings Per Share

   

$3.06

   

$3.60

 

(15)%

   

$8.27

   

$5.04

 

64%

 

Operating Cash Flow

   

$3,396

   

$3,202

 

6%

   

$10,440

   

$7,667

 

36%

 

Non-GAAP*

             

Core Operating Earnings

   

$2,373

   

$2,194

 

8%

   

$6,294

   

$3,400

 

85%

 

Core Operating Margin

 

9.8%

 

9.2%

 

0.6 Pts

 

9.3%

 

4.8%

 

4.5 Pts

 

Core Earnings Per Share

   

$2.72

   

$3.51

 

(23)%

   

$7.26

   

$4.79

 

52%

 
 

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


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