The Boeing Company's Stock Analysis

Boeing Reports Q3 2025 Financial Results and Production Updates

In the third quarter of 2025, Boeing reported revenue of $23.3 billion, driven by an increase in commercial deliveries, with 160 airplanes delivered, marking the highest quarterly total since 2018. The company experienced a GAAP loss per share of ($7.14), largely due to a $4.9 billion charge associated with the 777X program's updated certification timeline, which has now pushed the anticipated first delivery to 2027. Operating cash flow was $1.1 billion, while free cash flow was $0.2 billion. The total backlog grew to $636 billion, including over 5,900 commercial airplanes, as the company stabilized production of the 737 at 38 per month and plans to increase to 42 per month in collaboration with the FAA.

Boeing's Commercial Airplanes segment saw a revenue increase to $11.1 billion, with the 787 program stabilizing production at seven per month. The Defense, Space & Security segment reported revenue of $6.9 billion, reflecting higher volume and stabilizing performance, while the Global Services segment generated $5.4 billion in revenue. The company secured new contracts, including one with the U.S. Space Force, and maintained access to $10 billion in undrawn credit facilities. The overall financial performance indicates a focus on recovering operations and restoring stakeholder trust amidst challenges in the 777X program.

Oct 29, 2025 07:30:44

Boeing Secures $3 Billion Credit Agreement with Major Banks

On August 25, 2025, Boeing entered into a $3.0 billion revolving credit agreement with Citibank and JPMorgan. This new 364-day facility replaces an existing three-year credit agreement and includes terms that depend on Boeing's credit rating, with various interest rates applicable to different types of borrowings. The agreement also includes covenants restricting certain financial activities and requires Boeing to maintain a minimum liquidity of $5.0 billion.

The credit agreement is set to terminate on August 24, 2026, with provisions allowing Boeing to convert borrowings into term loans or request an extension. Events of default could lead to accelerated repayment obligations for Boeing. The company also has other active credit agreements totaling $7.0 billion, which remain in effect alongside this new agreement.

Aug 28, 2025 17:00:55

Boeing Reports Second Quarter Financial Results and Backlog Growth

The Boeing Company reported second quarter revenue of $22.7 billion in 2025, primarily due to 150 commercial aircraft deliveries. The company experienced a GAAP loss per share of ($0.92) and a core loss per share of ($1.24). Operating cash flow was $0.2 billion, while free cash flow was negative at ($0.2) billion. Boeing's total backlog increased to $619 billion, which includes over 5,900 commercial airplanes, indicating strong future demand.

In the Commercial Airplanes segment, revenue reached $10.9 billion, with a production rate of 38 737 aircraft per month. The Defense, Space & Security segment generated $6.6 billion in revenue, and the Global Services segment brought in $5.3 billion. The backlog for Defense, Space & Security grew to $74 billion, with 22% of orders from international customers. Boeing's cash and investments in marketable securities totaled $23.0 billion, slightly down from the previous quarter, while total debt decreased to $53.3 billion.

Jul 29, 2025 07:30:54

Boeing Appoints New CFO Jesus Malave, Effective August 2025

The Boeing Company has elected Jesus (Jay) Malave as the new Executive Vice President and Chief Financial Officer, effective August 15, 2025. He will succeed Brian J. West, who will transition to the role of Special Advisor to the CEO. Malave brings extensive experience from his previous roles, including CFO at Lockheed Martin and L3Harris Technologies. His compensation package includes an annual salary of $1,050,000, an annual incentive award, and long-term incentives. Additionally, he will receive substantial cash awards and stock options to offset forfeited equity from his previous employment.

Malave's appointment comes with certain conditions due to his recent position at Lockheed, including restrictions on participating in Boeing's defense business and other vendor relationships until specified dates. The company will also pay Lockheed $2,000,000 in connection with Malave's employment transition. Boeing's leadership views this change as a critical step in navigating the company's recovery and enhancing its financial strategy, with Malave expected to report directly to CEO Kelly Ortberg and serve on the Executive Council.

Jul 03, 2025 17:28:04

Boeing Announces CFO Transition with New Executive Appointment

Boeing has announced a transition in its chief financial officer role, with Brian West stepping down as CFO to become a senior advisor to President and CEO Kelly Ortberg, effective August 15. West has served as CFO for the past four years and will assist in the leadership transition. Ortberg acknowledged West's contributions during a critical period for the company, including a significant capital raise and efforts to enhance safety and quality.

Jesus “Jay” Malave has been elected as the incoming CFO, also effective August 15. Malave will oversee Boeing's financial strategy, reporting, long-range business planning, investor relations, and other key operations. He previously served as CFO at Lockheed Martin and has extensive experience in the aerospace and manufacturing sectors. Malave's appointment comes as Boeing focuses on recovery and implementing changes centered on safety and quality.

Jul 03, 2025 17:28:04

Boeing Sells Digital Aviation Solutions to Thoma Bravo for $10.55 Billion

Boeing has finalized an agreement to sell parts of its Digital Aviation Solutions business, including key assets like Jeppesen and ForeFlight, to Thoma Bravo for $10.55 billion in cash. This sale is part of Boeing's strategy to strengthen its capital structure and concentrate on its core operations, while retaining essential digital capabilities that support fleet maintenance and diagnostics for its commercial and defense customers.

The transaction, which is expected to close by the end of 2025 pending regulatory approval, involves approximately 3,900 employees from Boeing's Digital Aviation Solutions organization. Both companies aim to ensure a smooth transition for employees and continued service for customers. Boeing's leadership emphasized the importance of this sale in prioritizing investment-grade credit ratings and focusing on core products and services.

Apr 24, 2025 16:10:26

Boeing Reports Q1 2025 Results with Increased Revenue and Loss

Boeing Company announced its first quarter 2025 financial results, reporting revenues of $19.5 billion, an increase from $16.6 billion in the same quarter last year, primarily due to 130 commercial deliveries. The company experienced a GAAP loss per share of ($0.16) and a core loss per share of ($0.49). Operating cash flow was reported at ($1.6) billion, and free cash flow was ($2.3) billion, reflecting improved operational performance despite ongoing challenges. Boeing's total backlog grew to $545 billion, including over 5,600 commercial airplanes.

In the Commercial Airplanes segment, Boeing achieved revenues of $8.1 billion, a significant increase from $4.7 billion year-over-year, driven by higher delivery volumes. The company reported a loss from operations of ($537) million in this segment. The Defense, Space & Security segment generated revenues of $6.3 billion, while Global Services reported revenues of $5.1 billion. The company also highlighted its ongoing production plans for the 737 and 787 programs, with expected increases in production rates. Boeing continues to maintain access to undrawn credit facilities of $10 billion.

Apr 23, 2025 07:30:57

Boeing Reports $15.2 Billion Revenue with $3.5 Billion Cash Flow Loss

Boeing announced fourth quarter revenue of $15.2 billion, a significant decline of 31% from the previous year, primarily due to the impacts of the IAM work stoppage and various program charges. The company reported a GAAP loss per share of ($5.46) and a core loss per share of ($5.90), alongside an operating cash flow loss of ($3.5) billion. Despite these challenges, Boeing's total backlog increased to $521 billion, which includes over 5,500 commercial airplanes, and they resumed production across multiple aircraft programs, including the 737, 767, and 777/777X models. Additionally, the company ended the quarter with cash and marketable securities totaling $26.3 billion, up from $10.5 billion at the beginning of the quarter, aided by a $24 billion capital raise and debt repayment efforts. 

On the downside, Boeing faced substantial losses across its commercial and defense segments, with the commercial airplanes division reporting a 55% drop in revenue and a staggering operating margin of (43.9)%. The defense sector also struggled, with a 20% decrease in revenue and an operating margin of (41.9)%. Overall, the company's net loss for the quarter was $3.9 billion, significantly higher than the previous year's loss of $30 million, reflecting ongoing operational challenges and increased costs associated with workforce reductions.

Jan 28, 2025 07:01:00

Boeing Reports $15.2 Billion Revenue with Loss Per Share

Boeing has announced preliminary results for the fourth quarter, reporting a revenue of $15.2 billion and a GAAP loss per share of ($5.46). The company faced challenges due to a work stoppage by the International Association of Machinists and Aerospace Workers, which led to lower deliveries and significant pre-tax charges in its Commercial Airplanes and Defense segments. Notably, the Commercial Airplanes division expects to report a revenue of $4.8 billion with an operating margin of (43.9) percent, while the Defense, Space & Security segment anticipates a revenue of $5.4 billion and an operating margin of (41.9) percent. The total cash and investments in marketable securities stood at $26.3 billion by the end of the quarter, indicating some liquidity despite the losses reported.

On the downside, Boeing is recognizing substantial pre-tax charges amounting to $1.1 billion in the Commercial Airplanes segment and $1.7 billion in Defense, Space & Security due to various program challenges. The charges are primarily related to higher estimated labor and manufacturing costs, particularly concerning the KC-46A and T-7A programs. The company also mentioned the impact of workforce reductions announced last year, which may further strain its financial results. These factors contribute to the overall negative outlook for the quarter, overshadowing the efforts made to stabilize the business and restart production on key aircraft models.

Jan 23, 2025 16:38:14

Boeing Appoints Tim Buckley to Board of Directors Effective 2025

Boeing has elected Tim Buckley to its Board of Directors, effective January 1, 2025. Buckley, who previously served as Chair and CEO of The Vanguard Group, brings extensive experience in investment management, having overseen nearly $10 trillion in assets. His appointment is part of Boeing's board refreshment efforts, marking the addition of the tenth new director since 2019, with a focus on diverse expertise in various fields relevant to the company's operations.

While the addition of Buckley is seen as a positive move for the company, there is an ongoing need for Boeing to address its challenges in safety and operational efficiency within the aerospace sector. The company continues to seek improvement and innovation, particularly in areas like sustainability and community impact, as it faces scrutiny in these domains. The board's recent changes reflect an effort to enhance oversight and guidance amid these challenges.

Nov 18, 2024 17:28:33