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Boeing - Record Revenues, Earnings, Cash Flow  
User currently offlineNAV20 From Australia, joined Nov 2003, 9909 posts, RR: 36
Posted (6 years 7 months 4 days 16 hours ago) and read 2110 times:

"CHICAGO, Jan. 30 /PRNewswire-FirstCall/ -- The Boeing Company's 2007 net income increased 84 percent to a record $4.1 billion, or $5.28 per share, up from $2.2 billion, or $2.85 per share, in 2006 on higher commercial airplane deliveries, strong growth in defense earnings, companywide productivity improvements, and certain charges recorded in 2006 (Table 1). Revenue rose 8 percent to a record $66.4 billion, while the operating margin expanded to 8.8 percent driven by double-digit margins in its commercial airplanes and defense businesses.

"Fourth-quarter revenue held at $17.5 billion while the operating margin increased to 8.7 percent driven by margin expansion in its core businesses. Operating earnings grew 32 percent, while earnings per share increased 5 percent to $1.36 per share affected by a higher effective tax rate."


The surprise is this bit:-

"Boeing raised its 2008 earnings per share guidance to between $5.70 and $5.85, as productivity gains are being realized ahead of earlier plans."

I think most of us will have been expecting a reduced forecast for 2008 due to the 787 delivery delays.

http://money.cnn.com/news/newsfeeds/...es/prnewswire/AQW00730012008-1.htm

Well done, Boeing.


"Once you have flown, you will walk the earth with your eyes turned skywards.." - Leonardo da Vinci
11 replies: All unread, jump to last
 
User currently offlineScouseflyer From United Kingdom, joined Apr 2006, 3389 posts, RR: 9
Reply 1, posted (6 years 7 months 4 days 16 hours ago) and read 2072 times:



Quoting NAV20 (Thread starter):
"Boeing raised its 2008 earnings per share guidance to between $5.70 and $5.85, as productivity gains are being realized ahead of earlier plans."

I think most of us will have been expecting a reduced forecast for 2008 due to the 787 delivery delays.

If they do manage that it will indeed be impressive - they will deliver no 787's so they'll take the hit on all of those delivery payments but the productivity gains elsewhere in the business will more than compensate. Well done B!


User currently offlineNAV20 From Australia, joined Nov 2003, 9909 posts, RR: 36
Reply 2, posted (6 years 7 months 4 days 16 hours ago) and read 2010 times:

Boeing shares are up over 4% already. They sure know how to please the share market.


"Once you have flown, you will walk the earth with your eyes turned skywards.." - Leonardo da Vinci
User currently offlineJonathan-l From France, joined Mar 2002, 502 posts, RR: 0
Reply 3, posted (6 years 7 months 4 days 16 hours ago) and read 2001 times:



Quoting NAV20 (Thread starter):
think most of us will have been expecting a reduced forecast for 2008 due to the 787 delivery delays

Is Boeing still on the 109 787 deliveries by end 2009 based on their reviewed plans after the first announcement of delay? Did the second delay announcement confim the 109 deliveries?


User currently offlineBond007 From United States of America, joined Mar 2005, 5413 posts, RR: 8
Reply 4, posted (6 years 7 months 4 days 15 hours ago) and read 1976 times:

".. For the full year, BCA revenues rose 17 percent to $33.4 billion on an 11 percent increase in airplane deliveries and higher services volume. Operating earnings grew 31 percent to $3.6 billion while margins expanded to 10.7 percent, driven by higher delivery volume and services sales, partially offset by increased R&D spending.

BCA booked 520 gross orders during the quarter and a record 1,423 during the year. Contractual backlog rose to a record $255 billion, increasing 46 percent in 2007 to more than seven times BCA's annual revenues."

Now, if only we had the same figures from Airbus, regarding their commercial airplane revenues, we'd have a great comparison of the 2 companies ... otherwise comparing 'order's is pretty much a useless exercise IMO.


Good job Boeing.

Jimbo



I'd rather be on the ground wishing I was in the air, than in the air wishing I was on the ground!
User currently offlineNAV20 From Australia, joined Nov 2003, 9909 posts, RR: 36
Reply 5, posted (6 years 7 months 4 days 15 hours ago) and read 1917 times:



Quoting Bond007 (Reply 4):
Now, if only we had the same figures from Airbus, regarding their commercial airplane revenues, we'd have a great comparison of the 2 companies ... otherwise comparing 'order's is pretty much a useless exercise IMO.

We won't have EADS' 2007 results until some time in March. But their current forecast is 'breakeven at best.'



"Once you have flown, you will walk the earth with your eyes turned skywards.." - Leonardo da Vinci
User currently offlineNYC777 From United States of America, joined Jun 2004, 5753 posts, RR: 47
Reply 6, posted (6 years 7 months 4 days 15 hours ago) and read 1890 times:



Quoting Jonathan-l (Reply 3):
Is Boeing still on the 109 787 deliveries by end 2009 based on their reviewed plans after the first announcement of delay? Did the second delay announcement confim the 109 deliveries?

No, when they announced the last delay they said flatly they won't be deivering 109 787 by the end of 2009. They haven't said yet how many they'll deliver in 2009 and out, that guidance should come in about 2 months.



That which does not kill me makes me stronger.
User currently offlineStitch From United States of America, joined Jul 2005, 30910 posts, RR: 87
Reply 7, posted (6 years 7 months 4 days 15 hours ago) and read 1860 times:
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Well this at least gives us a baseline for 2008's numbers since they should roughly deliver as many 737s, 747s, 767s and 777s next year. So even with additional 787-related costs and no 787 revenues coming in, 2008 should be another amazing year for Boeing, financially.

User currently offlineLY4XELD From United States of America, joined Mar 2000, 857 posts, RR: 15
Reply 8, posted (6 years 7 months 4 days 12 hours ago) and read 1674 times:



Quoting Stitch (Reply 7):
Well this at least gives us a baseline for 2008's numbers since they should roughly deliver as many 737s, 747s, 767s and 777s next year. So even with additional 787-related costs and no 787 revenues coming in, 2008 should be another amazing year for Boeing, financially.

Keep in mind that Boeing is more than commercial aircraft. Yes, it's the top in revenue, but Boeing is a well diversified company.



That's why we're here.
User currently offlineStitch From United States of America, joined Jul 2005, 30910 posts, RR: 87
Reply 9, posted (6 years 7 months 4 days 12 hours ago) and read 1655 times:
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Quoting LY4XELD (Reply 8):
Keep in mind that Boeing is more than commercial aircraft. Yes, it's the top in revenue, but Boeing is a well diversified company.

Yes, and IDS is unlikely to see a sharp drop in revenues either, so...  champagne 

[Edited 2008-01-30 09:46:20]

User currently offlineTUIflyer From United Kingdom, joined Jan 2008, 206 posts, RR: 0
Reply 10, posted (6 years 7 months 4 days 8 hours ago) and read 1553 times:

Aircraft manufacturer Boeing has announced annual results showing profits that have almost doubled in 2007, but also that 787 program delays lowered sales predictions in 2008.

Profits rose to $4.1 billion, an 84% jump from a $2.2 billion result the previous year. Although full-year revenues rose by just 8% to $66.3 billion.

The company's commercial aircraft arm, which delivered 441 aircraft in 2007, accounted for half of the overall sales figures.

Sales predictions for 2008 were updated to $67 billion to $68 billion down from $67.5 billion to $68.5 billion. Projected deliveries of aircraft also decreased from 480 to 490 aircraft to 475 to 480 aircraft, both of these were blamed on the 787 delays.

Boeing annoucned that it will issue updated predictions in April, but has stated that “the company’s defense business and in-production commercial airplane programs remains very strong”.


BOEING SPECIAL REPORT: http://www.letsfindaflight.com/page_1181845192626.html


TUIflyer



Don't just travel, travel with a smile. . .
User currently offlineNAV20 From Australia, joined Nov 2003, 9909 posts, RR: 36
Reply 11, posted (6 years 7 months 4 days 3 hours ago) and read 1438 times:



Quoting TUIflyer (Reply 10):
Sales predictions for 2008 were updated to $67 billion to $68 billion down from $67.5 billion to $68.5 billion.

One can speculate that that half-billion reduction is mostly the amount they will NOT get in 2008 from 787 deliveries, less the amount they WON'T have to pay the various suppliers, who will no doubt have agreed beforehand to share the risk.

Funny, a mere half a billion dollars is 'small change' when talking about aviation nowadays. 'De minimis'. Be different if any of us was losing it personally!



"Once you have flown, you will walk the earth with your eyes turned skywards.." - Leonardo da Vinci
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