UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-442 THE BOEING COMPANY | (Exact name of registrant as specified in its charter) | | | | --- | --- | --- | | Delaware 91-0425694 | | | | (State or other jurisdiction of (I.R.S. Employer Identification No.) | | | | incorporation or org ...

Core Insights - The article discusses the impact of President Trump's tariff announcements on Canada, Mexico, and China shortly after his inauguration, highlighting the potential implications for the aerospace, defense, and airline industries [2]. Group 1: Industry Analysis - The aerospace, defense, and airline sectors are identified as having significant growth prospects, with the analysis provided by an expert with a background in aerospace engineering [2]. - The investing group aims to uncover investment opportunities within these industries, utilizing data-informed analysis to guide investment theses [2]. Group 2: Investment Strategy - The investing group offers direct access to data analytics monitors, enhancing the ability to track industry developments and their potential effects on investments [2]. - The article emphasizes the importance of context in understanding how industry developments may influence investment opportunities [2].

The Boeing Company (BA) recently delivered mixed fourth-quarter 2024 results, wherein its top line surpassed the Zacks Consensus Estimate but its bottom line missed the same. However, on a year-over-year basis, both the metrics declined. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The year-over-year deterioration can be primarily attributed to the adverse impact of the International Association of Machinists and Aerospace Workers (“IAM”) work stoppage and agreement. The company’ ...

Core Viewpoint - Boeing reported earnings that were neither good nor surprising, as preliminary earnings had already been posted, leading to a rise in stock price during the trading session [2]. Group 1: Earnings Report - Boeing's earnings report was released on Tuesday morning, and the stock experienced an increase in trading [2]. - The earnings themselves did not present any significant surprises, as preliminary earnings had been disclosed earlier [2]. Group 2: Analyst Insights - The analysis is provided by an expert with a background in aerospace engineering, focusing on investment opportunities within the aerospace, defense, and airline sectors [2]. - The investing group aims to uncover investment opportunities and offers data-informed analysis to contextualize industry developments [2].

Core Viewpoint - Boeing reported Q4 results that missed street estimates, with revenue of $15.2 billion and an adjusted loss of $5.90 per share, compared to expectations of $16.2 billion in sales and a $3.00 loss per share [1][3] Financial Performance - Q4 revenue of $15.2 billion represented a 31% year-over-year decline [3] - The company delivered 57 airplanes in Q4, reflecting a 64% year-over-year decline due to a strike at its production unit [3] - Revenue from the commercial airplanes segment declined 55% year-over-year, while defense, space, and security revenue decreased by 20%, and global services sales increased by 6% [3] - Operating margin plummeted to -26.5% in Q4, down from 0.4% in the prior-year quarter [3] - The adjusted loss per share was $(5.90), compared to $(0.47) per share in the prior-year quarter [3] Production Outlook - Despite the disappointing Q4 results, management expressed optimism for the second half of the year, having finalized an agreement with the International Association of Machinists and Aerospace Workers and resumed production [4] - The FAA has capped production at 38 units per month, but Boeing is working to lift this cap, with positive results from a recent safety management system assessment [4] - Boeing expects to reach the production target of 38 aircraft per month later this year, which is sooner than previously anticipated [4] Stock Performance - BA stock has underperformed significantly, with a -32% return since the beginning of 2024, compared to a 27% increase in the S&P 500 [2] - The stock price has dropped from over $260 in late 2023 to under $180 currently, with annual returns being volatile over the past four years [5] - Current trading levels of around $180 reflect a price-to-sales ratio of 1.6x, below the average of over 1.9x over the last five years [7] Future Expectations - There is potential for recovery in BA stock, driven by optimistic production targets and a focus on quality control and efficiency improvements [7] - The company is expected to return to profitability over the next year, with higher production targets and the possibility of the FAA lifting the production cap [7]

分组1 - The primary goal of the Cash Flow Kingdom Income Portfolio is to achieve an overall yield in the range of 7% - 10% by combining various income streams for a steady payout [1] - Boeing Company reported a significant loss in its fourth quarter earnings, indicating ongoing operational issues despite a generally positive industry outlook [1] - The portfolio's price may fluctuate, but the income stream remains consistent, highlighting the focus on stable cash flows [1] 分组2 - Jonathan Weber has been active in the stock market and focuses on value and income stocks, occasionally covering growth stocks [2]

Core Viewpoint - Boeing's stock experienced an increase despite reporting a significant loss for 2024, indicating that the market had already anticipated the poor financial results [1][2][3]. Financial Performance - Boeing reported a loss of $11.8 billion for the fiscal year 2024, marking its largest loss since 2020, with a notable $5.4 billion loss from its defense segment [2]. - In comparison, competitor RTX reported a net income of $7.7 billion for the same period, highlighting the challenges Boeing faces in its defense sector [2]. Market Reaction - The stock price of Boeing rose by 4.1% on the day of the earnings report, having peaked at a 7.6% increase earlier, while the S&P 500 and Nasdaq Composite also saw gains of 0.8% and 1.8%, respectively [1]. Production Outlook - Boeing is ramping up production more effectively than anticipated, having delivered 33 737 jets in January and is expected to reach its cap of 38 jets per month soon [4]. - The company's leadership indicated that the production cap imposed by U.S. regulators would likely be lifted later in the year, allowing Boeing to exceed its current production capacity [4][5].

Fourth Quarter 2024 Earnings Review Kelly Ortberg President and Chief Executive Officer Brian West Executive Vice President and Chief Financial Officer January 28, 2025 Copyright © 2025 Boeing. All rights reserved. Forward-Looking Statements This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "should," "expects," "intends," "projects," "plans," "believes," "estimates," "targets," "anticipates," and other ...

Market Overview - U.S. stocks experienced an upward trend, with the Dow Jones index increasing by over 150 points, closing at 44,865.65, a rise of 0.34% [1] - The NASDAQ rose by 1.74% to 19,678.66, while the S&P 500 gained 0.83% to 6,062.21 [1] - Information technology shares surged by 2.9%, while utilities shares fell by 1.9% [1] Company Performance - Boeing Co reported a 31% year-over-year revenue decline to $15.242 billion for Q4 2024, missing the consensus estimate of $16.174 billion [2] - The adjusted loss per share for Boeing grew to $5.90 from $0.47 in the same quarter of 2023, also missing the consensus of a $2.44 loss [2] Stock Movements - Brighthouse Financial, Inc. shares increased by 17% to $59.68 following reports of a potential sale [8] - Silexion Therapeutics Corp shares surged 100% to $1.16 after reporting significant tumor reduction in pancreatic cancer models [8] - Crane Company shares rose by 12% to $175.93 after releasing fourth-quarter results [8] - Sharps Technology, Inc. shares dropped 71% to $0.4300 due to a $20 million underwritten public offering announcement [8] - Leap Therapeutics, Inc. shares fell 70% to $0.6639 after reporting initial clinical data from studies [8] - SAB Biotherapeutics, Inc. shares decreased by 49% to $2.22 following the disclosure of Phase 1 clinical results for SAB-142 [8]

Group 1 - Boeing is collaborating with Elon Musk to expedite the delivery of the delayed and overbudget Air Force One replacements [1][3] - The two Boeing 747s designated as the next Air Force One are over $2 billion over budget and years behind schedule due to design changes, labor constraints, and supply chain issues [2] - An updated delivery schedule from Boeing is anticipated in the spring, but it remains uncertain if the aircraft will be delivered before the end of Trump's current term [3] Group 2 - The deal for the Air Force One aircraft was struck during Trump's first term after he expressed concerns over high costs and threatened to cancel the order [2] - Boeing's CEO Kelly Ortberg mentioned the engagement with Elon Musk aims to eliminate costs and ensure earlier delivery of the aircraft [3]