Labor strikes and defense fees affect performance, and loses $ 4.1 billion in free cash flow

Boeing Company (NYSE:BaIt was mentioned that the revenue decreased 31 % on an annual basis to 15.242 billion dollars in The fourth quarter of 2024On the meman of the missing consensus 16.174 billion dollars.

The average loss per share grew to $ 5.90 from $ 0.47 in the same quarter of 2023, and the loss of a loss of $ 2.44.

Boeing stated that the results reflect the impact of IAM work, fees on some defense programs, and costs related to workforce discounts last year.

Related to: Boeing Stock is located on the initial Q4 results: Details

Boeing recorded a modified operating loss of $ 4.042 billion per quarter, compared to a modified operating profit of $ 90 million a year ago. The basic operating loss margin was 26.5 % against. 4 % profit a year ago.

The total external cash flow of a quarter reached $ 3.45 billion, compared to the cash flow of $ 3.381 billion, while the free external flow reached $ 4.098 billion.

Commercial aircraft revenues decreased by 55 % year on an annual basis to $ 4.862 billion, reflecting the IAM work stop, reduced deliveries, $ 1.1 billion of fees before tax on 777X and 767 programs.

Delivery operations decreased by 64 %. 57 aircraft were delivered, and accumulated business included more than 5500 aircraft worth $ 435 billion.

Defense, area and security revenues decreased by 20 % on an annual basis to $ 5.411 billion. The accumulation was 64 billion dollars, of which 29 % represented orders from customers outside the United States

Global services revenues grew by 6 % year on an annual basis to $ 5.119 billion. The operating margin has expanded 210 basis points to 19.5 %, which reflects the high commercial size and mixture.

Boeing’s cash and investment in marketable securities rose to $ 26.3 billion from $ 10.5 billion, driven by a $ 24 billion capital, which is corresponding to the use of free cash flow and debt payment.

The company’s debts fell to $ 53.9 billion from $ 57.7 billion due to early payment of $ 3.5 billion. It has 10 billion dollars in unbalanced credit facilities.

Boeing has submitted 348 commercial aircraft and received 279 net requests in 2024. The total accumulation of the company, including more than 5500 commercial aircraft, rose to 521 billion dollars.

Price work: In the last selection on Wednesday, the shares of the Bachelor’s degree were traded by 0.01 % at $ 175.15.

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This article Boeing Q4 profits: labor strikes and defense fees affect performance, losing $ 4.1 billion in free cash flow Originally Benzinga.com

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