Boeing Company (the) · NYSE:BA
Boeing Company (the) — The Boeing Company — Q4 2024 Earnings Presentation
13 slides from Boeing Company (the)'s earnings presentation, Jan 28, 2025
Slide 1: Fourth Quarter 2024 Earnings Review
Fourth Quarter 2024 Earnings Review Kelly Ortberg President and Chief Executive Officer Brian West Executive Vice President and Chief Financial Officer January 28, 2025 Copyright © 2025 Boeing. All rights reserved.
Slide 2: Forward-Looking Statements
Forward-Looking Statements This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “expects,” “intends,” “projects,” “plans,” “believes,” “estimates,” “targets,” “anticipates,” and other si
Slide 3: Business Update
Business Update Focused on stabilizing the business, improving execution, culture change and building a new future Copyright © 2025 Boeing. All rights reserved.
Slide 4: Fourth Quarter Financial Results
Fourth Quarter Financial Results Results reflect previously announced impacts of the IAM work stoppage and program charges Revenue Operating Margin Core Loss Per Share* Free Cash Flow* $22.0B 1.3% ($0.47) $3.0B $15.2B ($5.90) (24.7)% ($4.1B) 4Q23 4Q24 4Q23 4Q24 4Q23 4Q24 4Q23 4Q24 * Non-GAAP measure
Slide 5: Commercial Airplanes
Commercial Airplanes Focused on safety, quality and operational stability Revenue Operating Margin • Results reflect previously announced impacts of $10.5B 0.4% the IAM work stoppage and agreement • 737 program resumed production and plans to gradually increase production rate $4.8B • 787 program ex
Slide 6: Defense, Space & Security
Defense, Space & Security Focused on production stability and development program execution Revenue Operating Margin • Results reflect previously announced charges on $6.7B fixed-price development programs (1.5)% $5.4B • Secured orders for 15 KC-46A Tankers from U.S. Air Force and 7 P-8A aircraft fr
Slide 7: Global Services
Global Services Continued strong performance... focused on meeting customer commitments Revenue Operating Margin $5.1B • Results reflect higher commercial volume & mix $4.8B 19.5% 17.4% • Received follow-on awards for C-17 sustainment • Awarded F-15 Japan Super Interceptor upgrade services contract
Slide 8: Cash and Debt Balances
Cash and Debt Balances $24B capital raise partially offset by the usage of free cash flow and debt repayment Cash and Marketable Securities Consolidated Debt S&P: BBB- $26.3B Moody’s: Baa3 $57.7B Fitch: BBB- $53.9B $10.5B 3Q24 4Q24 3Q24 4Q24 Copyright © 2025 Boeing. All rights reserved.
Slide 9: Full Year Financial Results
Full Year Financial Results Results reflect lower deliveries and program charges including impacts of IAM work stoppage Revenue Operating Margin Core Loss Per Share* Free Cash Flow* $77.8B (1.0)% $4.4B $66.5B ($5.81) (16.1)% ($20.38) ($14.3B) FY23 FY24 FY23 FY24 FY23 FY24 FY23 FY24 * Non-GAAP measur
Slide 10: Copyright © 2025 Boeing. All rights reserved.
Copyright © 2025 Boeing. All rights reserved.
Slide 11: Non-GAAP Measures Disclosures
Non-GAAP Measures Disclosures The tables provided below reconcile the non-GAAP financial measures core operating loss, core operating margin, and core loss per share with the most directly comparable GAAP financial measures of loss from operations, operating margin, and diluted loss per share. See T
Slide 12: Non-GAAP Measures Disclosures
Non-GAAP Measures Disclosures The tables provided below reconcile the non-GAAP financial measures core operating loss, core operating margin, and core loss per share with the most directly comparable GAAP financial measures of loss from operations, operating margin, and diluted loss per share. See T
Slide 13: Non-GAAP Measure Disclosure
Non-GAAP Measure Disclosure The table provided below reconciles the non-GAAP financial measure free cash flow with the most directly comparable GAAP financial measure operating cash flow. See The Boeing Company’s earnings press release dated January 28, 2025 for additional information on the use of