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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.

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