Boeing(US:BA)2025-04-23 11:30Financial Performance - Boeing reported first quarter 2025 revenues of $19.5 billion, an 18% increase from $16.6 billion in Q1 2024[1]. - Total revenues for Q1 2025 increased to $19,496 million, up 17.5% from $16,569 million in Q1 2024[29]. - The company recorded a GAAP loss per share of ($0.16) and a core loss per share of ($0.49), improving from losses of ($0.56) and ($1.13) respectively in the prior year[1][2]. - Net loss attributable to Boeing common shareholders improved to $123 million in Q1 2025, compared to a loss of $343 million in Q1 2024[29]. - Operating margins improved to 2.4% in Q1 2025, compared to a negative margin of 0.5% in Q1 2024[34]. Cash Flow and Debt - Operating cash flow was ($1.6) billion, a significant improvement from ($3.4) billion in Q1 2024, while free cash flow was ($2.3) billion[1][3]. - Boeing maintains access to $10.0 billion in undrawn credit facilities, with consolidated debt at $53.6 billion, down from $53.9 billion[4]. - Cash and cash equivalents decreased to $10,142 million from $13,801 million at the end of 2024[25]. - Interest and debt expense rose to $708 million in Q1 2025, up from $569 million in Q1 2024[29]. Backlog and Deliveries - Total backlog increased to $545 billion, including over 5,600 commercial airplanes valued at $460 billion[2][5][8]. - Total backlog reached $544,736 million as of March 31, 2025, up from $521,336 million at the end of 2024[31]. - Commercial Airplanes segment delivered 130 aircraft, a 57% increase from 83 deliveries in Q1 2024, generating revenues of $8.1 billion[6][8]. - Deliveries of Commercial Airplanes increased to 130 units in Q1 2025, compared to 83 units in Q1 2024[31]. Segment Performance - Commercial Airplanes segment revenues rose significantly to $8,147 million, a 75.5% increase from $4,653 million in the same period last year[29]. - Defense, Space & Security revenues were $6.3 billion, with an operating margin of 2.5%, reflecting a slight increase from the previous year[9]. - Global Services reported revenues of $5.1 billion, with an operating margin of 18.6%, indicating stable performance[11]. Production and Development - The 737 production rate is expected to reach 38 per month this year, with the 787 program stabilizing at five per month and plans to increase to seven per month[7]. - Research and development expenses totaled $844 million, slightly down from $868 million in Q1 2024[29]. - The company is in the process of acquiring Spirit AeroSystems Holdings, Inc., which is expected to enhance operational capabilities[19].