Boeing profits down in 3Q2012 but raises full-year guidance

Boeing revenue up 13% - financial highlights for three months ended 30-Sep-2012:

• Revenue: USD20,008 million, +13% year-on-year;
  • Commercial Airplanes: USD12,186 million, +28%;
  • Boeing Capital Corporation: USD101 million, -20%;
• Operating profit: USD1564 million, -9%;
  • Commercial Airplanes: USD1153 million, +6%;
  • Boeing Capital Corporation: USD33 million, +74%;
• Net profit: USD1032 million, -6%;
• Aircraft deliveries:
  • Commercial Airplanes: 149, +17%;
• Order backlog:
  • Commercial Airplanes: 4100 aircraft at USD307 billion;
• Total assets: USD83,654 million, +4.6% when compared to period ended 31-Dec-2011;
• Cash and cash equivalents: USD6582 million, -34.5% when compared to period ended 31-Dec-2011;
• Total liabilities: USD75,972 million, -0.5% when compared to period ended 31-Dec-2011;
• FY2012 forecast:
  • Revenue: USD80,500 million to USD82,000 million;
    • Commercial Airplanes: USD47,500 million to USD49,500 million;
  • Operating margin:
    • Commercial Airplanes: 9.0%;
  • Aircraft deliveries:
    • Commercial Airplanes: 585 to 600;
  • Capital expenditure: USD1800 million. [more - original PR]

Boeing: "Commercial Airplanes continued to build momentum with 787 deliveries and 737 MAX orders. Underpinned by our solid performance to date and positive outlook, we are raising our year-end guidance for revenue, earnings and operating cash flow," Jim McNerney, chairman, president and CEO. Source: Company statement, 24-Oct-2012.