Boeing reports strong 1Q2014 results

Boeing revenue up 8% - financial highlights for three months ended 31-Mar-2014:

• Total revenue: USD20,465 million, +8.3% year-on-year;
• • Commercial airplanes: USD12,737 million, +19.1%;
  • Boeing Capital: USD82 million, -21.9%;
• Operating profit: USD1542 million, +0.9%;
• • Commercial airplanes: USD1502 million, +23.2%;
  • Boeing Capital: USD44 million, stable;
• Net profit: USD965 million, -12.7%;
• Total assets: USD91,575 million;
• Cash and cash equivalents: USD6942 million;
• Total liabilities: USD76,942 million;
• 2014 forecast:
• • Revenue: USD87,500 million to USD90,500 million;
  • • Commercial airplanes: USD57,500 million to USD59,500 million;
  • Commercial aircraft deliveries: 715 to 725. [more - original PR I][more - original PR II]

Boeing: "Our outlook for the full year remains positive on the strength of demand for our fuel-efficient new commercial airplanes, our solid position in global defense, space and security markets, and our enterprise focus on meeting customer commitments, improving productivity and profitably delivering the growth in our sizable backlog," Jim McNerney, Chairman and CEO. Source: Company statement, 23-Apr-2014.