🔹 EPS (Core Loss/Share): ($0.49) (Est: -$1.25) 🟢
🔹 Revenue: $19.5B (Est: $19.49B) 🟢; UP +18% YoY
🔹 Operating Loss: ($537M) (Est: -$565.3M) 🟢
🔹 Adjusted Free Cash Flow: -$2.29B (Est: -$3.42B) 🟢
🔹 Operating Cash Flow: -$1.62B (Est: -$2.88B) 🟢
🔹 Backlog: $545B; includes over 5,600 commercial airplanes
🔹 Cash & Marketable Securities: $23.7B (vs. $26.3B in Q4’24)
🔹 Consolidated Debt: $53.6B (vs. $53.9B in Q4’24)
Commercial Airplanes
🔹 Revenue: $8.15B (Est: $8.17B) 🟡; UP +75% YoY
🔹 Operating Loss: ($537M)
🔹 Operating Margin: -6.6% (vs. -24.6% YoY)
🔹 Deliveries: 130 aircraft (vs. 83 YoY); UP +57%
🔸 737 production gradually increasing; target of 38/month in 2025
🔸 787 stable at 5/month, to ramp to 7/month
🔸 777X FAA flight testing underway; first 777-9 delivery expected in 2026
🔸 221 net orders booked, incl. Korean Air (20x 777-9, 20x 787-10), BOC Aviation (50x 737-8)
🔸 Commercial backlog valued at $460B
Defense, Space & Security
🔹 Revenue: $6.3B; DOWN -9% YoY
🔹 Earnings: $155M (vs. $151M YoY); UP +3%
🔹 Operating Margin: 2.5% (vs. 2.2% YoY)
🔸 Awarded USAF contract for next-gen F-47 fighter (not yet in backlog)
🔸 Segment backlog: $62B; 29% from international orders
Global Services
🔹 Revenue: $5.06B; FLAT YoY
🔹 Earnings: $943M (vs. $916M YoY); UP +3%
🔹 Operating Margin: 18.6% (vs. 18.2% YoY)
🔸 Delivered 100th 767-300 Converted Freighter to SF Airlines
🔸 Won U.S. Air Force contract to integrate EW systems for F-15
🔸 Announced plan to divest parts of Digital Aviation Solutions by end-2025
Commentary & Strategic Updates
🔸 "Our company is moving in the right direction as we start to see improved operational performance across our businesses from our ongoing focus on safety and quality." – Kelly Ortberg, CEO
🔸 Core earnings beat, commercial delivery ramp, and narrowing losses signal operational recovery progress