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Boeing (BA) Earnings Q1 2023

The Boeing 737 Max is on display at the Farnborough Air Show in Farnborough on July 18, 2022. (Photo by JUSTIN TALLIS / AFP)

Justin Tallis | AFP | Getty Images

Boeing On Wednesday, it said it plans to increase production of 737 Max aircraft from 31 to 38 per month later this year, despite manufacturing problems. impact some aircraft.

Its production rate will be the highest in years for the best-selling aircraft. air travel reboundThe company plans to deliver 737 aircraft, 400 to 450, this year.

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Boeing Chief Executive Dave Calhoun said in a staff memo on Wednesday, “This is an important year for us.” We need to focus on and meet our customer commitments.”

Boeing also plans to increase production of the 787 Dreamliner from the current three to five per month later this year.

Boeing’s revenue increased 28% year-over-year on higher aircraft demand and shipments. The company narrowed its net loss to his $425 million (69 cents per share), compared to his $1.24 billion ($2.06 per share) net loss a year ago.

Boeing Commercial Airplanes revenue increased 60% in the first quarter to $6.7 billion. This is due to increased deliveries of new aircraft. delivery delayIt said the unit’s negative 9.2% operating margin was related to unusual costs and research and development expenses.

Boeing shares rose more than 3% in pre-market trading after the earnings release.

Here’s How to Boeing It was conducted Refinitiv Consensus Forecasts and Comparisons

  • Adjusted loss per share: $1.27 vs $1.07
  • Earnings: $17.92 billion vs. $17.57 billion

Adjusting for special items, Boeing lost $440 million, or $1.27 per share. Last year’s net loss was $1.44 billion, or $2.75 per share. The company reported a pre-tax charge of $245 million for his KC-46A tanker program, related to supplier issues.

On Tuesday, major aircraft suppliers general electric and Raytheon Technologies report higher returns More engine units, more visits to repair shops and more spare parts business.

Boeing executives said they would just increase output When they had confidence in their supply chain.

Earlier this month, the company clarified the problem There are 2 of the 8 fittings in the fuselage section of certain 737 Max airplanes and they are their best sellers. Boeing has warned that the issue will delay the delivery of some aircraft.

Customers pay for the majority of their flights at the time of delivery, so the pace of deliveries is important to your cash flow goals. Boeing on Wednesday reiterated that he expects annual adjusted free cash flow to reach $5 billion from $3 billion.

Boeing executives are scheduled to discuss the results on Wednesday at 10:30 am ET.

Summarize this content to 100 words The Boeing 737 Max is on display at the Farnborough Air Show in Farnborough on July 18, 2022. (Photo by JUSTIN TALLIS / AFP)Justin Tallis | AFP | Getty ImagesBoeing On Wednesday, it said it plans to increase production of 737 Max aircraft from 31 to 38 per month later this year, despite manufacturing problems. impact some aircraft.Its production rate will be the highest in years for the best-selling aircraft. air travel reboundThe company plans to deliver 737 aircraft, 400 to 450, this year. Related investment newsBoeing Chief Executive Dave Calhoun said in a staff memo on Wednesday, “This is an important year for us.” We need to focus on and meet our customer commitments.”Boeing also plans to increase production of the 787 Dreamliner from the current three to five per month later this year.Boeing’s revenue increased 28% year-over-year on higher aircraft demand and shipments. The company narrowed its net loss to his $425 million (69 cents per share), compared to his $1.24 billion ($2.06 per share) net loss a year ago.Boeing Commercial Airplanes revenue increased 60% in the first quarter to $6.7 billion. This is due to increased deliveries of new aircraft. delivery delayIt said the unit’s negative 9.2% operating margin was related to unusual costs and research and development expenses.Boeing shares rose more than 3% in pre-market trading after the earnings release.Here’s How to Boeing It was conducted Refinitiv Consensus Forecasts and ComparisonsAdjusted loss per share: $1.27 vs $1.07Earnings: $17.92 billion vs. $17.57 billionAdjusting for special items, Boeing lost $440 million, or $1.27 per share. Last year’s net loss was $1.44 billion, or $2.75 per share. The company reported a pre-tax charge of $245 million for his KC-46A tanker program, related to supplier issues.On Tuesday, major aircraft suppliers general electric and Raytheon Technologies report higher returns More engine units, more visits to repair shops and more spare parts business.Boeing executives said they would just increase output When they had confidence in their supply chain.Earlier this month, the company clarified the problem There are 2 of the 8 fittings in the fuselage section of certain 737 Max airplanes and they are their best sellers. Boeing has warned that the issue will delay the delivery of some aircraft.Customers pay for the majority of their flights at the time of delivery, so the pace of deliveries is important to your cash flow goals. Boeing on Wednesday reiterated that he expects annual adjusted free cash flow to reach $5 billion from $3 billion.Boeing executives are scheduled to discuss the results on Wednesday at 10:30 am ET.
https://www.cnbc.com/2023/04/26/boeing-ba-earnings-q1-2023.html Boeing (BA) Earnings Q1 2023

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