Boeing Company (the) · NYSE:BA
Boeing Company (the) — Q3 2024 Earnings Presentation
10 slides from Boeing Company (the)'s earnings presentation, Oct 23, 2024
Slide 1: Third Quarter 2024 Earnings Review
Third Quarter 2024 Earnings Review Kelly Ortberg President and Chief Executive Officer Brian West Executive Vice President and Chief Financial Officer October 23, 2024 Copyright © 2024 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,” “should,” “expects,” “intends,” “projects,” “plans,” “believes,” “estimates,” “targets,” “anticipates,” and other similar wo
Slide 3: Third Quarter Financial Results
Third Quarter Financial Results Results reflect IAM work stoppage and previously announced program charges Revenue Operating Margin Core Loss Per Share* Free Cash Flow* $18.1B $17.8B (4.5)% ($0.3B) ($3.26) (32.3)% ($2.0B) ($10.44) 3Q23 3Q24 3Q23 3Q24 3Q23 3Q24 3Q23 3Q24 * Non-GAAP measure. See the N
Slide 4: Commercial Airplanes
Commercial Airplanes Focused on reaching agreement with IAM Revenue Operating Margin ▪ Results impacted by IAM work stoppage and $7.9B $7.4B previously announced charges (8.6)% ▪ 787 program currently producing at 4 per month and maintains plans to return to 5 by year end ▪ Delivered 116 airplanes (
Slide 5: Defense, Space & Security
Defense, Space & Security Focused on production stability and development program execution Revenue Operating Margin $5.5B ▪ Results reflect previously announced charges on $5.5B certain fixed-price development programs ▪ Delivered the first production MH-139A to the (16.9)% U.S. Air Force ▪ Definit
Slide 6: Global Services
Global Services Continued strong performance... focused on meeting customer commitments Revenue Operating Margin 17.0% ▪ Results reflect higher commercial volume & mix $4.8B $4.9B 16.3% ▪ Secured service agreements with ANA ▪ Awarded KC-135 spares contract from the U.S. Air Force ▪ Orders valued at
Slide 7: Cash and Debt Balances
Cash and Debt Balances Actively managing liquidity… prioritizing investment grade rating Cash and Marketable Securities Consolidated Debt S&P: BBB- Moody’s: Baa3 $12.6B $57.9B $57.7B Fitch: BBB- $10.5B 2Q24 3Q24 2Q24 3Q24 Copyright © 2024 Boeing. All rights reserved.
Slide 8: Copyright © 2024 Boeing. All rights reserved.
Copyright © 2024 Boeing. All rights reserved.
Slide 9: 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 p
Slide 10: 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 page 5 of the company’s earnings press release dated October 23, 2024 for additional information on the use