Boeing Reports Third Quarter Results
Source: Boeing Third Quarter 2023 Reaffirm guidance: $4.5-$6.5 billion of operating cash flow and $3.0-$5.0 billion of free cash flow (non-GAAP) Still expect to deliver 70-80 787 and now expect to deliver 375-400 737 airplanes Now transitioning 787 to five per month; plan to complete 737 production transition to 38 per month by year-end Revenue of $18.1 billion reflecting 105 commercial deliveries Total company backlog of $469 billion, including over 5,100 commercial airplanes Table 1. Summary Financial Results Third Quarter Nine Months (Dollars in Millions, except per share data) 2023 2022 Change 2023 2022 Change Revenues $18,104 $15,956 13Â % $55,776 $46,628 20Â % GAAP Loss from operations ($808) ($2,792) NM ($1,056) ($3,174) NM Operating margins (4.5) % (17.5) % NM (1.9) [...]