Boeing's Q1 Earnings Top Estimates, Revenues Increase Y/Y

Core Insights - Boeing Company reported an adjusted loss of 49 cents per share in Q1 2024, which is an improvement from the loss of $1.13 per share in the same quarter last year and better than the Zacks Consensus Estimate of a loss of $1.54 [1][2] - The company's revenues reached $19.50 billion, exceeding the Zacks Consensus Estimate of $19.29 billion by 1.1% and showing a year-over-year increase of 17.7% from $16.47 billion [3] - Boeing's total backlog at the end of Q1 2025 was $544.74 billion, up from $521.34 billion at the end of Q4 2024 [4] Revenue Breakdown - Commercial Airplanes segment revenues surged 75% year over year to $8.15 billion, with 130 commercial planes delivered, a 57% increase from the previous year [5] - Boeing Defense, Space & Security (BDS) recorded revenues of $6.30 billion, a decline of 9% year over year, but operating income improved by 3% to $155 million [6] - Global Services segment revenues remained flat at $5.06 billion, with operating income increasing by 3% to $943 million [7] Financial Condition - At the end of Q1 2025, Boeing had cash and cash equivalents of $10.14 billion and short-term investments of $13.53 billion, compared to $13.80 billion and $12.48 billion respectively at the end of 2024 [8] - Long-term debt decreased to $45.69 billion from $52.59 billion at the end of 2024 [8] - The company's operating cash outflow was $1.62 billion as of March 31, 2025, down from $3.36 billion a year earlier [9] - Free cash outflow totaled $2.29 billion at the end of Q1 2025, compared to $3.93 billion at the end of Q1 2024 [10]