25-Jul-2013 10:00 AM

Boeing reports strong 1H2013, raises 2013 guidance

Boeing revenue up 9% – financial highlights:

  • Three months ended 30-Jun-2013:
    • Total revenue: USD21,815 million, +9.0% year-on-year;
      • Commercial airplanes: USD13,624 million, +15.0%;
      • Boeing Capital: USD104 million, -8.0%;
    • Operating profit: USD1716 million, +11.3%;
      • Commercial airplanes: USD1453 million, +20.0%;
      • Boeing Capital: USD19 million, -51.3%;
    • Net profit: USD1088 million, +12.5%;
  • Six months ended 30-Jun-2013:
    • Total revenue: USD40,708 million, +3.4%;
      • Commercial airplanes: USD24,314 million, +6.7%;
      • Boeing Capital: USD209 million, -12.2%;
    • Operating profit: USD3244 million, +4.4%;
      • Commercial airplanes: USD2672 million, +16.6%;
      • Boeing Capital: USD63 million, -12.5%;
    • Net profit: USD2194 million, +16.1%;
    • Total contractual backlog: USD389,200 million;
      • Commercial airplanes: USD337,700 million;
    • Total assets: USD92,091 million;
    • Cash and cash equivalents: USD8694 million;
    • Total liabilities: USD84,459 million;
  • 2013 guidance:
    • Revenue: USD83,000 million to USD86,000 million;
      • Commercial airplanes: USD51,000 million to USD53,000 million;
    • Core earnings per share: USD6.20 to USD6.40;
    • Earnings per share: USD5.10 to USD5.30;
    • Commercial aircraft deliveries: 635 to 645;
    • Research and development: USD3300 million;
    • Capital expenditure: USD2300 million. [more - original PR]

Boeing: “Overall, our strong first-half performance and positive outlook allows us to raise our 2013 earnings and revenue guidance, and our team remains intensely focused on execution, productivity and quality to meet our customer commitments and further drive growth,” Jim McNerney, Chairman, President and CEO. Source: Company statement, 24-Jul-2013.

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