Core Insights - Boeing reported Q3 revenue of $23.27 billion, exceeding Bloomberg consensus of $22.29 billion, marking a 30% increase year-over-year and an improvement from last quarter's $21.68 billion [2][3] - The company posted an adjusted loss per share of $7.47, higher than the estimated $4.92, primarily due to a one-time charge of $4.9 billion related to the 777X program [2][3] - Adjusted free cash flow improved to negative $238 million, significantly better than the estimated negative $884.1 million, compared to a net loss of $6.17 billion and negative free cash flow of $1.34 billion a year ago [2][3] Financial Performance - Operating cash flow improved to $1.12 billion, contrasting with estimates of negative $197 million [3] - Boeing's commercial deliveries reached 160 jets in Q3, up from 150 in the previous quarter and 116 a year ago, with 121 being 737 Max jets [4][3] Production and Development - The FAA approved Boeing to increase 737 MAX production from 38 to 42 aircraft per month, following the achievement of certain manufacturing and safety milestones [5][6] - The 777X program remains behind schedule and has not yet been certified, contributing to the significant charge taken this quarter [3][4]

Boeing announced a $4.9 billion accounting charge and delayed debut for its 777X jetliner, a reminder of the long recovery ahead for the US planemaker even as rising aircraft deliveries bolster its cash. https://t.co/5OxC4yeMaT ...

Core Insights - Boeing reported a charge of nearly $5 billion related to delays in its 777X jet program [1] Financial Impact - The charge of nearly $5 billion indicates significant financial implications for Boeing, reflecting the ongoing challenges in the 777X program [1]

Financial Performance - Boeing reported third quarter revenue of $23.3 billion, a 30% increase from $17.8 billion in the same quarter of 2024, driven by 160 commercial deliveries[1] - The company recorded an operating cash flow of $1.1 billion, a significant improvement from a negative cash flow of $1.3 billion in Q3 2024[4] - Total revenues for the nine months ended September 30, 2025, increased to $65,515 million, up 27.7% from $51,275 million in 2024[22] - Total revenues for Q3 2025 reached $23,270 million, compared to $17,840 million in Q3 2024, representing a 30.5% increase[34] - Net loss attributable to Boeing common shareholders for the nine months ended September 30, 2025, was $6,244 million, an improvement from a net loss of $7,952 million in 2024[22] - Basic loss per share improved to ($8.25) for the nine months ended September 30, 2025, compared to ($12.91) in 2024[22] - The core operating loss (non-GAAP) for Q3 2025 was $5,049 million, an improvement from a loss of $5,989 million in Q3 2024[34] - The core loss per share (non-GAAP) for Q3 2025 was $7.47, compared to $10.44 in Q3 2024, reflecting a reduction of 28.5%[34] - The operating margins (GAAP) improved to (20.5)% in Q3 2025 from (32.3)% in Q3 2024[34] - The core operating margins (non-GAAP) improved to (8.1)% for the nine months ended September 30, 2025, compared to (15.2)% in the same period of 2024[37] Backlog and Deliveries - Total company backlog reached $636 billion, including over 5,900 commercial airplanes, indicating strong future demand[1] - Boeing secured 161 net orders in the quarter, including significant orders for 787 and 737 airplanes, contributing to a robust backlog[8] - Total backlog for the company as of September 30, 2025, was $635,688 million, up from $521,336 million as of December 31, 2024, indicating a 21.9% increase[31] - The total backlog for Defense, Space & Security increased to $76,084 million in 2025 from $64,023 million in 2024, a growth of 18.5%[31] - Deliveries of Commercial Airplanes totaled 440 units for the nine months ended September 30, 2025, compared to 291 units in the same period of 2024, a 51.2% increase[31] - The total deliveries for Defense, Space & Security were 94 units in Q3 2025, compared to 76 units in Q3 2024, marking an increase of 23.7%[31] Segment Performance - Defense, Space & Security segment revenues increased by 25% to $6.9 billion, with an operating margin of 1.7% compared to a loss in the same quarter last year[9] - Global Services segment revenues grew by 10% to $5.4 billion, with an operating margin of 17.5%, reflecting higher volume and favorable commercial mix[11] - The Defense, Space & Security segment reported revenues of $19,817 million for the nine months ended September 30, 2025, compared to $18,507 million in 2024, a 7.1% increase[29] Cash and Assets - The company maintains stable cash and investments in marketable securities at $23.0 billion, with consolidated debt slightly increasing to $53.4 billion[5] - Cash and cash equivalents decreased to $6,173 million as of September 30, 2025, down from $13,801 million at the end of 2024[25] - Total assets decreased to $150,023 million as of September 30, 2025, from $156,363 million at the end of 2024[25] - Total liabilities decreased slightly to $158,276 million as of September 30, 2025, from $160,277 million at the end of 2024[25] - Net cash used by operating activities improved to ($266) million for the nine months ended September 30, 2025, compared to ($8,630) million in 2024[27] Research and Development - Research and development expenses for the nine months ended September 30, 2025, totaled $2,651 million, a decrease from $2,976 million in 2024[29] Taxation - Boeing's effective tax rate for the quarter was -2.7%, indicating a tax benefit compared to a positive rate in the same quarter last year[13] Production Updates - The 737 program production stabilized at 38 per month, with an agreement to increase to 42 per month starting in October[2] - The 777X program faced a pre-tax earnings charge of $4.9 billion due to updated certification timing, impacting earnings significantly[3]

Let's get a check on a few stories that we're following this morning. A federal judge extending a temporary order blocking the Trump administration from firing thousands of federal employees during the government shutdown. This injunction prohibits any new layoff notices for federal workers and will pause any existing ones.Visa shares looking at some modest gains after initially jumping on the back of fourth quarter results that beat on both the top and the bottom line. The company saying that consumer spen ...

Core Insights - Boeing is expected to report over a 20% increase in revenue and a narrower loss in its third-quarter results, indicating recovery after previous safety crises [1][2] - The company is on track to deliver the highest number of aircraft in 2024 since 2018, following challenges from crashes and the COVID-19 pandemic [2][4] Financial Performance - Analysts estimate Boeing's third-quarter revenue to be $21.97 billion, compared to $17.84 billion in the same period last year [2][5] - The expected loss per share for the third quarter is $5.15, an improvement from an adjusted loss of $10.44 per share last year [2][5] Operational Improvements - CEO Kelly Ortberg has focused on stabilizing Boeing's supply chain and improving production efficiency, leading to better delivery projections for airline customers [3] - In the first nine months of 2024, Boeing delivered 440 airplanes, a significant increase from 291 in the same period last year, which is crucial for cash flow management [4]

Core Viewpoint - Tribeca Resources Corporation has entered into a definitive option agreement to acquire a 100% interest in the Jiguata Porphyry Copper property in northern Chile, with plans for significant exploration activities over the next year [1][2]. Option Agreement Details - The option agreement spans 5 years, allowing Tribeca to acquire the Jiguata Property, which covers 10,000 hectares [1][5]. - An initial payment of US$25,000 has been made, with an additional reimbursement of approximately US$44,000 for the 2025 license fee [2][4]. - Total cash payments and work commitments are structured over the five years, with specific milestones including: - Year 1: US$75,000 - Year 2: US$125,000 and a minimum of 3,000 meters of drilling - Year 3: US$175,000 - Year 5: US$14,450,000 if the purchase option is exercised [3][4]. Exploration Potential - The Jiguata Property is located in a region known for significant copper deposits, near major mines such as Collahuasi and Quebrada Blanca [2][5]. - The property features a large exploration target zone of 5km x 3km, with two near drill-ready targets identified through soil sampling and geological mapping [3][6]. - Pre-drilling activities will include historic mapping, surface sampling, and additional geophysics [7]. Strategic Positioning - The acquisition of the Jiguata Property expands Tribeca's portfolio to three high-potential copper projects in Chile, enhancing its ability to capitalize on the growing interest in copper exploration [2][3]. - The company plans to conduct drilling at both the Jiguata and its flagship La Higuera Property in the coming months, indicating a period of high activity [2][3].

Core Points - The agreements cover tariff levels, commitments from four Southeast Asian countries to eliminate non-tariff barriers to the U.S., digital trade provisions, and commercial investments [1] Tariff Levels - Thailand imposes a 19% tariff, while the U.S. will eliminate tariffs on 99% of Thai industrial products, food, and agricultural products [3] - Malaysia has a 19% tariff on some products, with commitments to provide significant market access for U.S. industrial and agricultural exports [3] - Cambodia will eliminate tariffs on 100% of U.S. industrial and agricultural products [4] - Vietnam has a 20% tariff on some products, with commitments to provide preferential market access for U.S. exports [4] Non-Tariff Barriers - Thailand will accept U.S. certifications for vehicles and medical devices, and will address trade friction issues [8] - Malaysia will simplify import licensing for U.S. steel products and address concerns regarding U.S. product certification [9] - Cambodia will recognize U.S. sanitary and phytosanitary measures and strengthen enforcement against counterfeit goods [10] Digital Trade Provisions - Countries commit not to impose discriminatory digital service taxes on U.S. companies and ensure data can flow freely across borders [13][14] - Support for the permanent suspension of electronic transmission tariffs is included [13][14] - Countries will collaborate with the U.S. to address cybersecurity challenges [16] Commercial Investments - Thailand plans to purchase 30 aircraft with an option for 30 more, and invest in semiconductor and aerospace components valued at $150 billion [18] - Malaysia will purchase 5 million tons of liquefied natural gas annually, estimated at $3.4 billion [18] - Cambodia's airlines will collaborate with Boeing to develop the aviation ecosystem [19] - Vietnam Airlines has agreed to purchase 50 aircraft from Boeing, valued at over $8 billion, and signed memorandums for U.S. agricultural products worth over $2.9 billion [19]

Group 1 - The Aerospace Forum aims to identify investment opportunities in the aerospace, defense, and airline sectors, leveraging data analytics for informed decision-making [2] - The forum is led by an analyst with a background in aerospace engineering, providing insights into industry developments and their potential impact on investment strategies [2] - The service offers access to an in-house developed data analytics platform, evoX Data Analytics, enhancing the research capabilities for investors [1] Group 2 - The analyst emphasizes the importance of data-driven analysis in formulating investment ideas within the complex aerospace industry, which has significant growth prospects [2] - The forum provides direct access to data analytics monitors, allowing members to stay updated on market trends and investment opportunities [2]

Core Insights - Wall Street anticipates a per-share loss of $5 for the third quarter [1] - Expected sales for the third quarter are projected at $22.6 billion [1]