Summary by Moomoo AI
Boeing announced preliminary Q4 2024 results, reporting revenue of $15.2 billion, GAAP loss per share of $5.46, and negative operating cash flow of $3.5 billion. The quarter was significantly impacted by the IAM work stoppage and subsequent agreement, resulting in lower deliveries and $1.1 billion in pre-tax charges for the 777X and 767 programs.Commercial Airplanes segment expects Q4 revenue of $4.8 billion with operating margin of -43.9%. The 777X program faces a $0.9 billion pre-tax charge due to higher labor costs, though first 777-9 delivery remains targeted for 2026. Defense, Space & Security segment anticipates $5.4 billion in revenue with -41.9% operating margin, including $1.7 billion in pre-tax charges across multiple programs.The company's cash and marketable securities stood at $26.3 billion at quarter-end. Despite near-term challenges, Boeing has resumed production of 737, 767, and 777/777X aircraft, and completed a capital raise to strengthen its balance sheet.
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