24-Oct-2013 11:06 AM
Boeing reports strong results in 3Q2013, raises FY2013 EPS guidance
Boeing revenue up 11% - financial highlights for three months ended 30-Sep-2013:
- Revenue: USD22,130 million, +11% year-on-year;
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- Commercial airplanes: USD13,987 million, +15%;
- Boeing Capital Corporation: USD94 million, -6.9%;
- Operating profit: USD1803 million, +16%;
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- 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:
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- 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:
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- 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.