🔹 Revenue: $15.24B (Est. $17.04B) 🔴; DOWN -31% YoY
🔹 Core Loss Per Share: ($5.90) (Est. ($1.74)) 🔴
🔹 Operating Cash Flow: ($3.5B), reflecting IAM work stoppage impacts
🔹 Free Cash Flow: ($4.1B)
🔸 2025 Guidance: Not provided explicitly but expects further improvement in operations
Q4 SEGMENTS:
Commercial Airplanes
🔹 Revenue: $4.76B (Est. $5.53B) 🔴; DOWN -55% YoY
🔹 Deliveries: 57 (DOWN -64% YoY)
🔹 Operating Margin: -43.9% (Impacted by $1.1B in pre-tax charges on 777X/767 programs)
🔹 Backlog: Over 5,500 airplanes valued at $435B
Defense, Space & Security
🔹 Revenue: $5.41B (Est. $6.34B) 🔴; DOWN -20% YoY
🔹 Operating Margin: -41.9% (Impacted by $1.7B pre-tax charges on defense programs)
🔹 Backlog: $64B, with 29% from international orders
Global Services
🔹 Revenue: $5.12B (Est. $5.06B) 🟢; UP +6% YoY
🔹 Operating Margin: 19.5% (UP +2.1 percentage points YoY)
Full-Year 2024 Summary
🔹 Revenue: $66.52B; DOWN -14% YoY
🔹 Net Loss: ($11.83B); SIGNIFICANTLY WIDER YoY
🔹 Commercial Airplane Deliveries: 348 (DOWN -34% YoY)
🔹 Backlog: $521B
Updates and Outlook
🔸 737 Program: Production resumed, with plans for gradual rate increases
🔸 777X: FAA certification flight testing resumed; first delivery anticipated in 2026