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;
- Commercial Airplanes: USD7,433 million, -12%;
- Boeing Capital Corporation: USD162 million, -3%;
- Operating profit: USD1,307 million, -15%;
- Commercial Airplanes: USD683 million, -16%;
- Boeing Capital Corporation: USD55 million, +53%;
- 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;
- Revenue: USD15,573 million, -9% year-on-year;
- Six months ended 30-Jun-2010:
- Revenue: USD30,789 million, -9%;
- Commercial Airplanes: USD14,901 million, -12%;
- Boeing Capital Corporation: USD324 million, -2%;
- Operating profit: USD2,481 million, -3%;
- Commercial Airplanes: USD1,362 million, +10%;
- Boeing Capital Corporation: USD101 million, +38%;
- 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]
- Revenue: USD30,789 million, -9%;
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.