Boeing Co

BA

Equity

ISIN US0970231058 / Valor 913253

New York Stock Exchange, Inc (2024-12-26)

USD 180.38+0.58%

Boeing Co
UMushroom community rating:

4.00 2 votes No rating yet

NegativeNeutralPositive

About company

Boeing Co. stands as a pivotal player in the global aerospace sector, engaging in the development, manufacturing, and servicing of commercial airplanes, defense products, and space systems. Catering to a diverse clientele across over 150 countries, Boeing positions itself as the world's second-largest defense company and a significant contributor to the U.S. export economy. The company's extensive portfolio spans a range of key market areas including Commercial Derivatives, Military Rotorcraft, Human Space Exploration, Satellites, Autonomous Systems, and Services. Boeing's commitment to innovation and sustainability is evident in its approach to advancing economic opportunity and community impact through a global supplier base. Additionally, Boeing Global Services extends comprehensive service solutions to both commercial and defense sectors, ensuring operational efficiency and safety. With over 10,000 commercial jetliners currently in service, Boeing Commercial Airplanes emphasizes superior design, efficiency, and value, striving to maintain its leadership in commercial aviation.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Decline

Boeing Co's financial results for the third quarter of 2024 show a decline in total revenues compared to the same period in 2023. The company reported total revenues of $17,840 million, down from $18,104 million in the third quarter of 2023. This decrease is attributed to lower sales in the Commercial Airplanes segment.

Net Loss Increase

In the third quarter of 2024, Boeing Co experienced a significant increase in net loss. The company reported a net loss of $6,174 million, compared to a net loss of $1,638 million in the third quarter of 2023. This increase in net loss is primarily due to higher costs and expenses, particularly in the Commercial Airplanes and Defense, Space & Security segments.

Operating Loss

Boeing Co's operating loss for the third quarter of 2024 was $5,761 million, a substantial increase from the $808 million loss reported in the same quarter of the previous year. The increased operating loss is largely driven by challenges in the Commercial Airplanes segment, which reported a loss from operations of $4,021 million.

Research and Development Expenses

The company's research and development expenses for the third quarter of 2024 rose to $1,154 million, up from $958 million in the third quarter of 2023. This increase reflects Boeing Co's continued investment in new technologies and product development across its business segments.

Cash and Cash Equivalents

As of September 30, 2024, Boeing Co reported cash and cash equivalents of $9,961 million, a decrease from $12,691 million at the end of December 2023. The reduction in cash reserves is attributed to the company's operating losses and capital expenditures during the period.

Summarized from source with an LLMView Source

Key figures

-31.4%1Y

-11.7%3Y

-45.3%5Y

Performance

34.6%1Y

37.3%3Y

51.3%5Y

Volatility