Boeing Stock ( NYSE:BA )
The Boeing Company ( NYSE:BA ) released its FQ4’22 and FY22 earnings earlier today. Boeing stock fell more than 4% after reporting earnings but has since recovered.
Deliveries and backlog show promise, supporting the bottoming process in Boeing’s price action in June 2022. Furthermore, Boeing exceeded consensus estimates in its operating cash flow (OCF) and free cash flow (FCF) metrics.
While some investors may be concerned about the company’s adjusted EPS miss, the company also stated that it had to deal with “abnormal costs and period expenses, including R&D” in its commercial segment.
Notably, Boeing emphasized that it will continue ramping up 737 and 787 productions through 2025/26 to propel the company toward the outlook presented at its Investor Day in November 2022.
Commercial Deliveries Improved in Q4
Boeing delivered 152 commercial planes in Q4 , up nearly 54% year on year and 36% quarter on quarter. It’s the company’s best quarterly delivery schedule since Q2, indicating improved momentum despite worsening macroeconomic headwinds.
As a result, it contributed to Boeing’s Q4 commercial revenue of $9.22B, up 94% year on year, accounting for nearly 46% of total Q4 revenue. However, the segment continues to lose money, with a segment operating margin of -6.8%.
Despite this, Boeing reported a significant improvement in its backlog, with a 7% increase. Furthermore, its Commercial backlog increased by more than 11% year o...
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