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Reportedly, Boeing (BA) posted a $663 million loss for the fourth quarter as supply chain issues lingered on results despite a rise in aircraft sales and deliveries pushing up revenue. For the full year, Boeing posted a loss of $5 billion despite a 7% increase in revenue to $66.6 billion.
Fourth Quarter Highlights:
- Boeing reported an adjusted loss per share of $1.75 versus estimates of earnings per share of 26 cents.
- Revenue stood at $19.98 billion lower than $20.38 billion expected.
- Boeing generated $3.1 billion in cash flow in the fourth quarter, higher than analyst forecasts, and $2.3 billion for the year.
- The commercial aircraft unit generated $9.2 billion in sales in the fourth quarter, up 94% from a year earlier as deliveries jumped.
- Boeing reiterated its expectation to generate between $3 billion and $5 billion in free cash flow this year.
Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space, and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.
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DID YOU KNOW?
Fertility rates have hit a record low in the United States. The latest US government fertility statistics come from 2019, and they estimate there were 58.2 births year per 1,000 women of childbearing age (defined by the CDC as women between ages 15 and 44).
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