Oct 25, 201705:18 PMBlog

Boeing reports Q3 results today

Oct 25, 2017 - 05:18 PM

The Boeing Company reported third-quarter revenue of $24.3 billion with core earnings per share (non-GAAP) of $2.72 through Sept. 30. The company says these results reflect strong deliveries, services and delivery mix, and overall solid execution.

The company's cash flow guidance is increased to $12.5 billion, driven by improved performance in all of the company’s broad units.

"Our teams across all three business segments are driving execution with a focus on both productivity and growth, which has enabled Boeing to deliver solid third quarter financial results, grow cash flow, and raise our 2017 outlook," said Chairman, President and Chief Executive Officer Dennis Muilenburg.

"We achieved a number of key milestones in the quarter with the delivery of a record 202 commercial airplanes, including 24 737 MAXs as we continue the smooth introduction of that airplane. On the defense side, we booked $6 billion in new orders, including an initial contract award for the Ground Based Strategic Deterrent program and an award from the U.S. Navy for 14 F/A-18 Super Hornet aircraft."

Its CEO says Boeing remains focused on accelerating productivity, quality and safety improvements across the company, executing on our future development programs, and capturing new business to ensure continued growth.


Edit Module
Edit Module

About This Blog

Follow our blog for all the latest in local business news. To get the top local business news, subscribe to Daily Biz Briefs email newsletter. As a reader of this FREE email you get breaking business news each business day afternoon delivered right to your email inbox.



Atom Feed Subscribe to the Blog Feed »

Recent Posts