Loading
26-Jul-2012 10:42 AM

Boeing reports strong 2Q2012 results, 'strengthens' full year guidance

Boeing revenue up 21% - financial highlights:

  • Three months ended 30-Jun-2012:
    • Revenue: USD20,005 million, +21% year-on-year;
      • Commercial airplanes: USD11,843 million, +34%;
      • Boeing Capital Corp: USD99 million, -33%;
    • Operating profit: USD1548 million, +1%;
      • Commercial airplanes: USD1211 million, +32%;
      • Boeing Capital Corp: USD31 million, -50%;
    • Net profit: USD967 million, +3%;
    • Commercial airplanes deliveries: 150, +27%;
  • Six months ended 30-Jun-2012:
    • Revenue: USD39,453 million, +25%;
      • Commercial airplanes: USD22,780 million, +29%;
      • Boeing Capital Corp: USD224 million, -23%;
    • Operating profit: USD3118 million, +23%;
      • Commercial airplanes: USD2292 million, +60%;
      • Boeing Capital Corp: USD69 million, -39%;
    • Net profit: USD1890 million, +24%;
    • Commercial airplanes deliveries: 287, +29%;
    • Contractual backlog: USD354,600 million, +4.4% when compared to period ended 31-Dec-2011;
      • Commercial airplanes: USD300,400 million, +2.4% when compared to period ended 31-Dec-2011;
    • Total assets: USD81,595 million, +2.0% when compared to period ended 31-Dec-2011;
    • Cash and cash equivalents: USD6305 million, -37.3% when compared to period ended 31-Dec-2011;
    • Total liabilities: USD75,703 million, -0.9% when compared to period ended 31-Dec-2011;
  • 2012 forecast:
    • Revenue: USD79,500 million to USD81,500 million;
      • Commercial airplanes: USD47,500 million to USD49,500 million;
      • Boeing Capital Corp: USD400 million
    • Operating margin:
      • Commercial airplanes: 9.0%;
    • Commercial airplanes deliveries: 585 to 600;
    • Capital expenditures: USD2000 million. [more - original PR]

Boeing: "As a result of this solid first-half performance, we have strengthened our outlook for the year," Jim McNerney, chairman, president and CEO. Source: Company statement, 25-Jul-2012.

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More