Boeing Company (the) · NYSE:BA
Boeing Company (the) — Q2 2025 Earnings Presentation
11 slides from Boeing Company (the)'s earnings presentation, Jul 29, 2025
Slide 1: Second Quarter 2025 Earnings Review
Second Quarter 2025 Earnings Review Kelly Ortberg President and Chief Executive Officer Brian West Executive Vice President and Chief Financial Officer July 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: Second Quarter Financial Results
Second Quarter Financial Results Results primarily reflect improved operational performance and commercial delivery volume Revenue Operating Margin Core Loss Per Share* Free Cash Flow* $22.7B ($0.2B) (0.8)% $16.9B ($1.24) ($2.90) (6.5)% ($4.3B) 2Q24 2Q25 2Q24 2Q25 2Q24 2Q25 2Q24 2Q25 * Non-GAAP meas
Slide 5: Commercial Airplanes
Commercial Airplanes Focused on safety, quality and operational stability Revenue Operating Margin $10.9B • 737 increased production rate to 38 per month and plans to stabilize before next rate increase $6.0B (5.1)% • 787 production rate is now at 7 per month • Backlog of $522B; over 5,900 airplanes
Slide 6: Defense, Space & Security
Defense, Space & Security Focused on production stability and development program execution Revenue Operating Margin $6.6B 1.7% $6.0B • Captured award from U.S. Air Force to build four T-7A Red Hawk production representative aircraft • Began ground testing on first MQ-25 Stingray for U.S. Navy (15.2
Slide 7: Global Services
Global Services Continued strong performance... focused on meeting customer commitments Revenue Operating Margin $5.3B $4.9B 19.9% • Completed the sale of maintenance, repair and 17.8% overhaul facility at Gatwick Airport • Secured contract to provide P-8A aircraft training systems and support to th
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 $23.7B $23.0B S&P: BBB- $53.6B $53.3B Moody’s: Baa3 Fitch: BBB- 1Q25 2Q25 1Q25 2Q25 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 July 29, 2025 for additional information on the use of fre