Boeing Reports First Quarter Results

Core Insights - The Boeing Company reported first quarter 2025 revenues of $19.5 billion, an 18% increase from $16.6 billion in the same period last year [2] - The company experienced a GAAP loss per share of ($0.16) compared to a loss of ($0.56) in the previous year, indicating improved performance [2][24] - Core operating earnings were $199 million, a significant recovery from a loss of $388 million in the prior year [2][42] - The total backlog for the company reached $545 billion, including over 5,600 commercial airplanes, reflecting strong demand [4][7] Financial Performance - Revenues increased to $19.5 billion, driven by 130 commercial deliveries, compared to 83 deliveries in the previous year [4][10] - Operating cash flow was reported at ($1.6) billion, an improvement from ($3.4) billion in the same quarter last year [5][24] - Free cash flow for the quarter was ($2.3) billion, also an improvement from ($3.9) billion in the prior year [5][24] Segment Performance - The Commercial Airplanes segment generated revenues of $8.1 billion, with an operating margin of (6.6)%, reflecting higher deliveries [8][10] - The Defense, Space & Security segment reported revenues of $6.3 billion, with an operating margin of 2.5%, indicating stabilizing operational performance [12][13] - Global Services achieved revenues of $5.1 billion, with an operating margin of 18.6%, reflecting favorable performance and mix [14][15] Production and Deliveries - The 737 program production gradually increased, with plans to reach 38 units per month this year [4][9] - The 787 program stabilized production at five units per month, with expectations to increase to seven units later this year [9] - The company booked 221 net orders in the quarter, including significant orders for the 777-9 and 787-10 airplanes [10] Cash and Debt Management - Cash and investments in marketable securities totaled $23.7 billion, down from $26.3 billion at the beginning of the quarter, primarily due to free cash flow usage [6] - Consolidated debt decreased to $53.6 billion from $53.9 billion at the beginning of the quarter, reflecting the pay down of maturing debt [6]