Boeing Beats Cash Flow Expectations in Q1

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.

Boeing’s defense business returned to profitable operations during the quarter, while commercial aircraft remains in a loss position, albeit with anticipated growth in production and deliveries through the year contributing to a positive earnings expectation.