Core Insights - Boeing reported an annual loss of $11.83 billion, the largest since 2020, due to challenges in its commercial and defense units and the impact of a strike by US west coast factory workers [1] - The company is facing increased competition from Airbus and scrutiny from regulators and customers following a series of operational missteps [1] - Boeing's shares rose 0.5% in pre-market trading despite the reported losses [1] Financial Performance - The company experienced a quarterly cash burn of $4.1 billion, which was slightly better than analysts' expectations of $4.26 billion [2] - In the fourth quarter, Boeing reported a loss of $3.86 billion, attributed to disappointing charges in fixed-price defense programs, with revenue falling 31% to $15.24 billion, missing expectations of $16.21 billion [3] - The quarterly adjusted loss per share was $5.90, significantly higher than the expected loss of $3 per share [4] - Cash burn for 2024 was reported at $14.3 billion, compared to a cash flow of $4.43 billion in 2023 [4] Operational Challenges - Boeing has incurred over $30 billion in losses since 2019, primarily due to two fatal crashes of the 737 Max, which raised production quality and safety concerns [5] - The defense, space & security business reported a loss of $5.41 billion in 2024, impacted by overruns on fixed-price programs [6] - The company is working on improving its supply chain and has returned to an output rate of five 787 jets per month by the end of 2024, despite facing delays in certain areas [6] Strategic Initiatives - CEO Kelly Ortberg emphasized a four-part plan to turn the business around, which includes a multi-year effort to address Boeing's corporate culture [4] - Ortberg stated that the company is now more proactive in identifying risks associated with its defense programs [3]

Boeing posted weaker-than-expected Q4 2024 earnings as labor strikes and defense program charges weighed heavily on its results.Aerospace and defense giant Boeing (BA -0.51%) reported disappointing fourth-quarter and full-year results for 2024 on Tuesday, Jan. 28. The company recorded a challenging quarter, falling short of expectations due to external disruptions and strategic hurdles. Boeing reported a core earnings loss of $5.90 per share, notably below the forecasted $3.22 per share loss. Revenue for th ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Boeing (BA) on Tuesday reported a fourth-quarter net loss in line with its recently issued preliminary results, closing out a difficult year that saw it burn through billions amid safety investigations and a strike. The company said it lost $3.86 billion, or $5.46 per share, on revenue that fell 31% year-over-year to $15.24 billion, essentially matching its preliminary results. Boeing also reported operating cash flow of negative $3.45 billion after saying it expected to report negative $3.5 billion. "My t ...

Financial Performance - Boeing reported fourth quarter revenue of $15.2 billion, a decrease of 31% compared to $22.0 billion in Q4 2023[2]. - Total revenues for 2024 were $66,517 million, a decrease of 14.5% from $77,794 million in 2023[27]. - Net loss attributable to Boeing shareholders for 2024 was $11,817 million, compared to a net loss of $2,222 million in 2023[27]. - Basic loss per share for 2024 was $18.36, significantly higher than the $3.67 loss per share in 2023[27]. - The company recorded a GAAP loss per share of ($5.46) and a core loss per share of ($5.90), reflecting significant operational challenges[3]. - The diluted loss per share for 2024 was $18.36, compared to $3.67 in 2023[45]. - Operating margins for 2024 were -16.1%, a decline from -1.0% in 2023[45]. Cash Flow and Debt - Operating cash flow was ($3.5) billion for the quarter, with free cash flow of ($4.1) billion, indicating cash usage primarily due to lower commercial deliveries[4]. - The company experienced a net cash used by operating activities of $12,080 million in 2024, compared to a net cash provided of $5,960 million in 2023[31]. - The company maintained cash and marketable securities totaling $26.3 billion, significantly up from $10.5 billion at the beginning of the quarter[5]. - Consolidated debt decreased to $53.9 billion from $57.7 billion, driven by early repayment of a $3.5 billion bond[5]. Deliveries and Orders - Boeing delivered 348 commercial airplanes in 2024, down 34% from 528 in 2023, and recorded 279 net orders[3]. - Deliveries of Commercial Airplanes decreased to 348 units in 2024 from 528 units in 2023, a decline of 34.1%[37]. Backlog and Future Outlook - The total company backlog grew to $521 billion, including over 5,500 commercial airplanes[6]. - The total backlog for Boeing as of December 31, 2024, was $521,336 million, slightly up from $520,195 million in 2023[37]. - Boeing plans to gradually increase production rates for the 737 program and anticipates the first delivery of the 777-9 in 2026[9]. Segment Performance - The Defense, Space & Security segment reported revenues of $5.4 billion, a 20% decline from $6.7 billion in Q4 2023, with an operating margin of (41.9)%[11]. - The Defense, Space & Security segment reported a loss from operations of $5,413 million in 2024, compared to a loss of $1,764 million in 2023[35]. - Global Services achieved fourth quarter revenues of $5.1 billion, a 6% increase year-over-year, with an operating margin of 19.5%[14]. - Commercial Airplanes segment reported a loss from operations of $7,969 million in 2024, significantly worse than the loss of $1,635 million in 2023[35]. Assets and Liabilities - Total assets increased to $156,363 million in 2024 from $137,012 million in 2023[29]. - Total liabilities rose to $160,277 million in 2024, up from $154,240 million in 2023[29]. Research and Development - Research and development expenses for 2024 were $3,812 million, compared to $3,377 million in 2023[27]. - Total research and development expense for 2024 was $3,812 million, up from $3,377 million in 2023, reflecting an increase of 12.9%[35]. Inventory and Acquisitions - The company reported a significant increase in inventories, which rose to $87,550 million in 2024 from $79,741 million in 2023[29]. - The company is in the process of acquiring Spirit AeroSystems Holdings, Inc., which may impact future performance[26].

In this articleBAKelly Ortberg speaks at the 14th annual U.S. Chamber Of Commerce Foundation Aviation Summit in downtown Washington, D.C.Kris Tripplaar | SIPPL Sipa USA | APBoeing CEO Kelly Ortberg on Tuesday faces investors antsy for answers on how the company plans to move forward from manufacturing problems after posting its sixth consecutive annual loss.Boeing on Thursday released preliminary results showing it expects to post a loss of $4 billion for the fourth quarter and revenue of $15.2 billion, bel ...

Financial Performance - Boeing pre-announced a net loss of $5 46 per share for Q4 2024, amounting to approximately $3 8 billion, contributing to a staggering $11 8 billion loss for the year, the second largest in the company's history [1] - The company's financial losing streak has now extended to six years, with total losses since 2019 reaching $35 7 billion [3] - Boeing is expected to maintain its position as the biggest loser in the S&P 500 index since 2019, with Uber and Carnival trailing behind [4] Causes of Losses - The losses are partly attributed to a seven-week strike by Boeing's machinists, which halted production of the 737 Max, the company's bestselling plane [2] - Chronic delays in key programs within Boeing's defense division and ongoing production issues with the 737 Max and 787 have also contributed to the financial downturn [2] Historical Context - Boeing ranks sixth among the S&P 500 companies with the largest losses over the past quarter century, with an inflation-adjusted total loss of $39 4 billion [5] - The company holds the top spot for the most money lost among 27 S&P 500 members with at least six consecutive years of losses since 1999 [6] Investor Confidence and Future Outlook - Institutional investors have shown willingness to support Boeing due to its substantial order book of 5,595 planes, which could generate significant revenue if production issues are resolved [8] - Despite this, Boeing's CFO has indicated that the company is expected to record negative cash flow for the full year of 2025, suggesting the losing streak may continue [9] Comparative Analysis - Boeing's losses are significant but pale in comparison to historical losses by companies like American International Group, which lost $162 billion in 2008 and 2009, and General Motors, which lost $130 billion from 2005 through 2008 [5] - The company is far from the longest streaks of losses in the S&P 500, with DEX holding the record for 18 consecutive years of losses [7]

Boeing Co BA will report its fourth-quarter earnings on Tuesday. Wall Street expects an EPS loss of $2.44 on $16.17 billion in revenue when the plane manufacturer reports before the market opens.The stock is down 14.2% over the past year, off 5.05% in the last six months, but has gained 2.44% year to date.Boeing Faces A Tough Q4, But A Path Forward EmergesBoeing already pre-announced a brutal quarter, with revenue of $15.2 billion — falling short of estimates — and a net loss of $5.46 per share.The company ...

Boeing's Operational Goals for 2025 - Boeing Commercial Airplanes (BCA) needs to achieve a consistent monthly output of 38 737 MAX jets before planning any production expansion, which is critical for restoring confidence, profitability, and cash flow [3] - Investors are keen to hear updates on the 777X program, which is expected to have its first delivery in 2026 [3] - Boeing Defense, Space & Security (BDS) must pass key milestones to reduce risks on fixed-price development programs that have caused multibillion-dollar losses and aim to return to consistent profitability [4] Boeing's Earnings and Investor Confidence - Boeing's Q4 2024 earnings will be released on Jan 28, with investors focusing on CEO Kelly Ortberg's outlook and the company's operational improvements [1] - The company's cultural transformation is a long-term effort, and small quarterly earnings variations are unlikely to make a significant impact [5] - Restoring investor confidence in Boeing's guidance is crucial, as past CEOs have clung to unrealistic targets, such as the $10 billion free cash flow (FCF) goal for 2025/2026, which Wall Street analysts now expect to be $5.4 billion in 2026 [7][8] BDS Segment Challenges and Adjustments - BDS faces challenges with fixed-price programs, and Ortberg has emphasized the need to work with customers to find trade-offs that benefit both parties [10] - The segment still lacks a permanent CEO after Ted Colbert's departure in September, adding to the uncertainty [6] Investment Potential and Outlook - Boeing has a half-trillion-dollar backlog and continues to secure orders from airlines, indicating potential for growth [12] - Investors are advised to wait for the earnings report to assess Ortberg's plans for 2025, including progress on 737 MAX production and BDS's return to profitability [13]

Earnings and Financial Performance - Boeing is set to report a Q4 net loss of $5 46 per share on revenue of $15 2 billion, significantly wider than the consensus estimate of a $2 80 per share loss on revenue of $16 3 billion [1][4] - The company's preliminary results indicate a far wider loss than analysts had expected [1][4] Operational Challenges - Boeing faced a nearly two-month strike by its union machinists, which ended in November and halted production at several facilities [2][4] - The company implemented cost-cutting measures, including substantial layoffs, during the strike [2] Market and Analyst Sentiment - Boeing's stock price tumbled from around $250 to as low as $137 in November following a midair incident involving an Alaska Airlines flight in early January last year [3] - Analysts remain generally bullish on Boeing's stock, with seven "buy" and two "hold" ratings, and an average price target of $192 50, representing a 9% premium to the Friday closing price of about $176 [3] Industry Impact - The midair incident involving the 737 MAX plane has significantly impacted Boeing's operational and financial performance [3]