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Boeing 3Q2009 revenue up 9%, reports losses

22-Oct-2009 10:48 AM

Boeing revenue up 9%, reports losses - financial highlights for the three months ended 30-Sep-2009:

  • Revenue: USD16,688 million, +9% year-on-year;
  • Costs: USD14,480 million, +15.5%;
  • Operating profit (loss): (USD2,151 million), compared to a profit of USD1,147 million in the previous corresponding period;
    • Commercial Airplanes: (USD2,837 million), compared to a profit of USD394 million in the previous corresponding period;
    • Boeing Capital Corporation: USD39 million, +5%;
  • Net profit (loss): (USD1,564 million), compared to a profit of USD695 million in the previous corresponding period;
  • Aircraft deliveries:
    • Commercial Airplanes: 113, +35%;
  • Total backlog: USD320 billion, compared to USD327.8 billion at the end of 30-Jun-2009;
    • Commercial Airplanes: USD253.9 billion, compared to USD257.4 billion at the end of 30-Jun-2009. [more]

Boeing: “Boeing’s 2009 revenue guidance is reaffirmed at USD68 billion to USD69 billion. Earnings-per-share guidance for 2009 has been reduced to between USD1.35 and USD1.55 per share from USD4.70 to USD5.00 per share for the 787 cost reclassification and 747 charge. Operating cash flow guidance is reaffirmed at greater than USD2.5 billion, including discretionary pension contributions of approximately USD0.5 billion and an assumption of USD0.8 billion for new commercial airplane financings. The company will issue financial guidance for 2010 with its fourth-quarter 2009 results. Commercial Airplanes’ 2009 delivery guidance remains at between 480 and 485 airplanes and is sold out. BCA’s 2009 revenue is unchanged at between USD34 billion and USD35 billion, and operating margin is expected to be between -3% and -2.5% due to the previously discussed 787 and 747 impacts,” Company statement. Source: Boeing, 21-Oct-2009.