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Boeing ( (BA) ) has provided an announcement.
Boeing reported a first-quarter revenue increase to $19.5 billion, driven by 130 commercial deliveries, despite a GAAP loss per share of $0.16 and a core loss per share of $0.49. The company highlighted improved operational performance and an increased production rate of the 737 model, with expectations to reach 38 per month by the end of the year. Boeing’s backlog grew to $545 billion, indicating strong future demand, while operating cash flow was negative at $1.6 billion, reflecting higher commercial deliveries and working capital timing. The company’s CEO emphasized ongoing efforts to enhance safety and quality, aiming for a full recovery of performance amidst current challenges.
More about Boeing
Boeing is a leading aerospace company primarily engaged in the design, manufacture, and sale of commercial jetliners, defense, space, and security systems. It operates globally and is a major player in the aerospace and defense industry, focusing on innovation and safety in its products and services.
YTD Price Performance: -5.44%
Average Trading Volume: 8,943,767
Technical Sentiment Signal: Buy
Current Market Cap: $122.3B
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