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Boeing reports strong results in 3Q2013, raises FY2013 EPS guidance

24-Oct-2013 11:06 AM

Boeing revenue up 11% – financial highlights for three months ended 30-Sep-2013:

  • Revenue: USD22,130 million, +11% year-on-year;
  • Operating profit: USD1803 million, +16%;
    • Commercial airplanes: USD1617 million, +40%;
    • Boeing Capital Corporation: USD35 million, +25%;
  • Net profit: USD1158 million, +12%;
  • Commercial Airplanes deliveries: 170, +14%;
  • Total assets: USD94,633 million;
  • Cash and cash equivalents: USD10,041 million;
  • Total liabilities: USD85,566 million;
  • 2013 forecast:
    • Revenue: USD83,000 million to USD86,000 million;
    • Core earnings per share: USD6.50 to USD6.65;
    • Earnings per share: USD5.40 to USD5.55;
    • Boeing Commercial Airplanes:
      • Deliveries: 635 to 645;
      • Revenue: USD51,000 million to USD53,000 million;
      • Operating margin: >10.0%;
    • Research and development: USD3200 million;
    • Capital expenditure: USD2300 million. [more - original PR]

Boeing: “Despite the uncertainty of the U.S. defense market, overall our customer-focused business strategies and disciplined execution on our programs are producing the results we expect, and our strong year-to-date performance and positive outlook allow us to increase our 2013 guidance for earnings and operating cash flow,” Jim McNerney, Chairman, President and CEO. Source: Company statement, 23-Oct-2013.