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.
linkJul 29, 2025 07:30:54
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.
linkJul 03, 2025 17:28:04
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.
linkJul 03, 2025 17:28:04
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.
linkApr 24, 2025 16:10:26
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.
linkApr 23, 2025 07:30:57
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.
linkJan 28, 2025 07:01:00
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.
linkJan 23, 2025 16:38:14
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.
linkNov 18, 2024 17:28:33
Boeing has announced two concurrent public offerings, which include 90 million shares of common stock and $5 billion worth of depositary shares representing a fraction of newly issued preferred stock. The company plans to use the proceeds from these offerings for general corporate purposes, such as debt repayment and working capital. Additionally, the preferred stock is expected to have a liquidation preference of $1,000 per share and will convert into common stock by 2027, with dividends and voting rights also attached to the depositary shares.
However, the announcement comes amid various risks and uncertainties that could affect Boeing's operations and financial performance. These include reliance on commercial airline customers, production quality issues, labor disruptions, and potential challenges related to acquisitions and government contracts. The company also faces external factors such as economic conditions, competition, and environmental liabilities, which could impact its ability to successfully navigate these offerings and achieve its intended outcomes.
linkOct 30, 2024 16:38:33
Boeing's third quarter results for 2024 showed a revenue of $17.8 billion, but the company faced substantial losses, with a GAAP loss per share of $9.97 and a core loss per share of $10.44. These results were heavily impacted by the work stoppage involving the International Association of Machinists and Aerospace Workers and previously announced charges in both commercial and defense programs. The company's operating cash flow was negative at $1.3 billion, and free cash flow also reflected a significant outflow of $2.0 billion, indicating ongoing financial strain.
Despite these challenges, Boeing reported a total backlog of $511 billion, which includes over 5,400 commercial airplanes. The company aims to stabilize its operations and improve its program execution moving forward. Boeing's CEO expressed a commitment to transforming the company’s culture and restoring its legacy as a leader in aerospace. Additionally, the Global Services segment showed positive growth, with a 2% increase in revenue, indicating some resilience in certain areas of the business.
linkOct 23, 2024 07:31:06