Boeing Reports Second-Quarter Results

(PRNewswire) —

  • Second-quarter earnings per share of $1.06 on operating margin of 8.4 percent and revenue of $15.6 billion
  • Operating cash flow of $0.3 billion reflects continued investments in development programs
  • Cash and marketable securities of $10.0 billion provides strong liquidity
  • Backlog of $312 billion is nearly five times current annual revenue projection
  • 2010 revenue, earnings per share and operating cash flow outlook unchanged

Table 1.  Summary Financial Results 


Second Quarter


First Half


(Dollars in Millions, except per share data)

2010

2009

Change

2010

2009

Change








Revenues

$15,573

$17,154

(9%)

$30,789

$33,656

(9%)

Earnings From Operations

$1,307

$1,529

(15%)

$2,481

$2,554

(3%)

Operating Margin

8.4%

8.9%

(0.5)Pts

8.1%

7.6%

  0.5 Pts

Net Income

$787

$998

(21%)

$1,306

$1,608

(19%)

Earnings per Share

$1.06

$1.41

(25%)

$1.76

$2.27

(22%)

Operating Cash Flow

$266

$1,001

(73%)

($19)

$1,194

(102%)



The Boeing Company (NYSE: BA) reported second-quarter net income of $0.8 billion, or $1.06 per share, on revenue of $15.6 billion.  The results reflect solid performance across the company's core businesses on lower volumes (Table 1).  The company also reaffirmed its 2010 revenue, earnings per share and operating cash flow outlook.

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