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]

Core Viewpoint - Boeing Company reported significant losses in both the fourth quarter and full year of 2024, with various operational challenges impacting its financial performance [1][3]. Financial Performance - The adjusted loss for the fourth quarter of 2024 was $5.90 per share, worse than the Zacks Consensus Estimate of a loss of $3.22, and deteriorated from a loss of 47 cents per share in the same quarter last year [1][2]. - For the full year 2024, Boeing incurred an adjusted loss of $20.38 per share, exceeding the Zacks Consensus Estimate of a loss of $17.92, and worsening from a loss of $5.81 per share in 2023 [3]. - The company reported a GAAP loss of $5.46 per share for the fourth quarter, compared to a loss of 4 cents per share in the prior year [2]. Revenue Analysis - Revenues for the fourth quarter amounted to $15.24 billion, slightly above the Zacks Consensus Estimate of $15.19 billion, but down 31% from $22.02 billion in the previous year [4]. - For the full year 2024, revenues totaled $66.52 billion, falling short of the Zacks Consensus Estimate of $66.84 billion and down 14% from $77.79 billion in 2023 [5]. Segment Performance - The Commercial Airplanes segment saw revenues decline by 55% year over year to $4.76 billion, with an operating loss of $2.09 billion, a significant drop from an operating profit of $0.04 million in the prior year [7]. - Boeing delivered 57 commercial planes during the quarter, a 64% decrease year over year, but maintained a backlog of over 5,500 airplanes valued at $435 billion [8]. - The Defense, Space & Security segment recorded revenues of $5.41 billion, down 20% year over year, with an operating loss of $2.26 billion, worsening from a loss of $0.10 billion in the previous year [9]. - Global Services revenues improved by 6% year over year to $5.12 billion, with an operating income of $998 million, up 19% from the prior year [10]. Backlog Status - Total backlog at the end of the fourth quarter of 2024 was $521.34 billion, an increase from $510.51 billion at the end of the third quarter [6]. Financial Condition - Boeing ended 2024 with cash and cash equivalents of $13.80 billion, up from $12.69 billion at the end of 2023, while short-term and other investments increased to $12.48 billion from $3.27 billion [12]. - Long-term debt rose to $52.59 billion from $47.10 billion at the end of 2023, with an operating cash outflow of $12.08 billion compared to an inflow of $5.96 billion in the previous year [12]. - Free cash outflow totaled $14.31 billion at the end of 2024, contrasting with a free cash inflow of $4.43 billion at the end of 2023 [13].

Core Insights - Boeing Co's stock is rising due to its recovery plan despite reporting steeper-than-expected losses for Q4 and its largest annual loss since 2020 [1] - The company is addressing issues in its commercial and defense units and plans to gradually increase production and deliveries of its 737 aircraft [1] - Boeing is also working to expedite the delivery of two Air Force One aircraft [1] Stock Performance - Boeing's stock is up 4.3%, trading at $182.74, marking its largest single-day percentage gain in over a year and reducing its year-over-year deficit to 10.5% [2] - The stock reached its highest level since August and bounced off its ascending 40-day moving average earlier this month [2] Options Activity - Options traders have shown increased bullish sentiment over the past 10 weeks, with a 50-day call/put volume ratio of 1.80, ranking in the 80th percentile of its annual range [3] - Today's options activity includes 59,000 calls and 27,000 puts traded, which is five times the intraday average volume [4] - The most popular contract is the weekly 1/31 185-strike call, indicating a preference for opening positions [4]

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 ...