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29-Jul-2010 11:53 AM

Boeing revenue down 9%, profits also down in 2Q2010, maintains FY2010 guidance

Boeing revenue down 9% - financial highlights:

  • Three months ended 30-Jun-2010:
    • Revenue: USD15,573 million, -9% year-on-year;
    • Operating profit: USD1,307 million, -15%;
    • Net profit: USD787 million, -21%;
    • Operating cash flow: USD266 million, -73%;
    • Total cash: USD10 million, -3.8% compared to quarter ended 31-Mar-2010;
    • Total debt: USD12.9 million, stable;
  • Six months ended 30-Jun-2010:
    • Revenue: USD30,789 million, -9%;
    • Operating profit: USD2,481 million, -3%;
    • Net profit: 1,306 million, -19%;
    • Operating cash flow: (USD19 million), compared to a positive cash flow of USD1,194 million in p-c-p;
    • Commercial Airplanes deliveries: 222, -10%. [more]

Boeing: "Commercial Airplanes' 2010 delivery guidance remains unchanged at between 460 and 465 airplanes and is sold out. It includes the first few 787 and 747-8 deliveries. The unit's 2010 revenue guidance is reaffirmed at USD31 billion to USD32 billion and operating margin guidance is increased to between 7.5% and 8.5%, up from 6.5% to 7.5% on strong core operating performance," Company statement. Source: Boeing, 28-Jul-2010.

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