Boeing Company (the) · NYSE:BA
Boeing Company (the) — Q1 2025 Earnings Presentation
11 slides from Boeing Company (the)'s earnings presentation, Apr 23, 2025
Slide 1: First Quarter 2025 Earnings Review
First Quarter 2025 Earnings Review Kelly Ortberg President and Chief Executive Officer Brian West Executive Vice President and Chief Financial Officer April 23, 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: First Quarter Financial Results
First Quarter Financial Results Results primarily reflect improved operational performance and commercial delivery volume Revenue Operating Margin Core Loss Per Share* Free Cash Flow* 2.4% $19.5B $16.6B ($0.49) ($2.3B) ($3.9B) (0.5)% ($1.13) 1Q24 1Q25 1Q24 1Q25 1Q24 1Q25 1Q24 1Q25 * Non-GAAP measure
Slide 5: Commercial Airplanes
Commercial Airplanes Focused on safety, quality and operational stability Revenue Operating Margin • Results primarily reflect higher deliveries $8.1B • 737 program gradually increased production and (6.6)% maintains plans to reach 38 per month this year $4.7B • 787 program continued to stabilize pr
Slide 6: Defense, Space & Security
Defense, Space & Security Focused on production stability and development program execution Revenue Operating Margin $7.0B $6.3B 2.5% • Selected by U.S. Air Force to design, build and 2.2% deliver the F-47, its next-generation fighter aircraft • MQ-25 program began final assembly on the first engine
Slide 7: Global Services
Global Services Continued strong performance... focused on meeting customer commitments Revenue Operating Margin 18.2% 18.6% $5.0B $5.1B • Delivered 100th 767-300 Boeing Converted Freighter to SF Airlines • Received modification contract from U.S. Air Force to integrate electronic warfare systems fo
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 S&P: BBB- $26.3B $53.9B $53.6B Moody’s: Baa3 $23.7B Fitch: BBB- 4Q24 1Q25 4Q24 1Q25 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 April 23, 2025 for additional information on the use of fr