25-Oct-2012 10:06 AM

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;
  • 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.

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