Boeing narrows third-quarter loss as defense sales rise, but focus remains on 737 Max production
Defense and services gains offset a larger commercial airplane loss as Boeing said it will miss its 500-jet delivery target this year.
- On Tuesday, Boeing reported a third-quarter adjusted loss of 34 cents per share as revenue rose 4% to $24.2 billion, though Boeing Commercial Airplanes posted a $697 million operating loss.
- Supply chain challenges and production delays in the commercial division overshadowed performance elsewhere. Engine delivery issues hindered production rate increases on the 737 MAX and 787 Dreamliner, limiting output growth.
- Boeing Global Services posted $1 billion in quarterly earnings with an 18.3% operating margin, while the defense arm achieved nearly $500 million in earnings, assisted by a $252 million subsidiary sale.
- Consolidated debt remained unchanged at $45.9 billion from the previous quarter. The company confirmed it has access to $10 billion in undrawn credit facilities to support ongoing operations.
- CEO Kelly Ortberg reiterated plans to deliver the 777-9 widebody next year and aims to stabilize 737 MAX output at 47 jets monthly. Ortberg stated the company has a "stronger foundation" but requires further work.
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What Boeing (BA) Said on Its Q3 Earnings Call
Boeing (NYSE:BA) reported third-quarter revenue of $24.2 billion, up 4% from a year earlier, as higher defense and services volume offset a less favorable commercial-aircraft delivery mix. The company posted an operating margin of 1.5%, while core earnings per share improved to a loss of $0.34. Free
Boeing, one of the world's leading aircraft manufacturers today, announced losses in the third quarter of this year, noting that those losses were lower than those of the same period last year.
American concentrate Boeing Co. lowered the estimate of aircraft supplies in 2026, leading to the worst drop in his stock shares over the past 18 months.
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