Boeing Company (the) · NYSE:BA
Boeing Company (the) — Q3 2025 Earnings Presentation
11 slides from Boeing Company (the)'s earnings presentation, Oct 29, 2025
Slide 1: Third Quarter 2025 Earnings Review
Third Quarter 2025 Earnings Review Kelly Ortberg President and Chief Executive Officer Jay Malave Executive Vice President and Chief Financial Officer October 29, 2025 Copyright © 2025 Boeing. All rights reserved.
Slide 2: Caution Concerning Forward-Looking Statements
Caution Concerning Forward-Looking Statements Certain statements made today constitute “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,” “
Slide 3: Business Update
Business Update Focused on stabilizing the business, improving execution, changing culture and building our future Copyright © 2025 Boeing. All rights reserved.
Slide 4: Third Quarter Financial Results
Third Quarter Financial Results Results primarily reflect improved commercial delivery volume and 777X program charge Revenue Operating Margin Core Loss Per Share* Free Cash Flow* $23.3B $0.2B $17.8B (20.5)% ($7.47) (32.3)% ($10.44) ($2.0B) 3Q24 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 3Q25 * Non-GAAP measure.
Slide 5: Commercial Airplanes
Commercial Airplanes Focused on safety, quality and development program execution Revenue Operating Margin • Results improved on higher delivery volume; $11.1B operating margin reflects 777X program charge $7.4B • 737 stabilized production at 38 per month; jointly agreed with FAA in October to incre
Slide 6: Defense, Space & Security
Defense, Space & Security Focused on production stability and development program execution Revenue Operating Margin • Results improved on stabilizing operational $6.9B 1.7% performance and higher volume $5.5B • Secured a contract to enhance strategic satellite communication capabilities from U.S. S
Slide 7: Global Services
Global Services Continued strong performance... focused on meeting customer commitments Revenue Operating Margin $5.4B 17.0% 17.5% $4.9B • Captured an award from U.S. Navy for F/A-18 aircraft landing gear repair • Announced a strategic agreement with Korean Air to advance predictive maintenance anal
Slide 8: Cash and Debt Balances
Cash and Debt Balances Focused on maintaining healthy liquidity position and repaying debt Cash and Marketable Securities Consolidated Debt $23.0B $23.0B $53.3B $53.4B S&P: BBB- Moody’s: Baa3 Fitch: BBB- 2Q25 3Q25 2Q25 3Q25 Copyright © 2025 Boeing. All rights reserved.
Slide 9: Copyright © 2025 Boeing. All rights reserved.
Copyright © 2025 Boeing. All rights reserved.
Slide 10: Non-GAAP Measure Disclosure
Non-GAAP Measure Disclosure The tables provided below reconcile the non-GAAP financial measures core operating loss, core operating margins, and core loss per share with the most directly comparable GAAP financial measures of loss from operations, operating margins, and diluted loss per share. See T
Slide 11: 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 October 29, 2025, for additional information on the use of