Boeing held its first quarter earnings call today, and reported better than expected results. While the company still lost money during the quarter, its cash outflow beat expectations and the outlook for the company continues to improve post-strike under Kelly Ortberg’s leadership.
Financial Results
The company’s Q1 adjusted “core” loss per share of ($0.49) beat Wall Street expectations for a loss of ($1.18). Revenues were $19.5 billion, up 18% year-over-year, recognizing that Q1 last year was had the impacts of the 737-9 door blowout. While the company burned through a bit of $2 billion in cash during the quarter, that was better than expectations of about $3.5 billion.
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