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Boeing Q3 Results  
User currently offlineEBGARN From Sweden, joined Jan 2008, 225 posts, RR: 0
Posted (5 years 9 months 2 weeks 15 hours ago) and read 1463 times:

Available here:

http://www.boeing.com/news/releases/2008/q4/081022a_nr.pdf

Good news:

"The 787 Dreamliner made progress during the quarter despite the labor strike.
Key milestones included a successful hydraulic system test, landing gear test, and
pressurization test of the static airframe – the last, a key step in validating the structural
integrity of the airplane. The program also began testing the flight controls and began
final assembly of the fourth flight-test airplane. To date, the program has won 895 net
airplane orders from 58 customers."

Also, a nice backlog. But deliveries suffer from the strike and galley equipment delays.


A306,A319/20/21,A332/3,A343/6,A380,B717,B727,B737,B744,B752/3,B763,B772/3/W,C-130,AN26,CRJ900,Il62,DC-8/9/10,MD80's,BaeR
2 replies: All unread, jump to last
 
User currently offlineLY4XELD From United States of America, joined Mar 2000, 857 posts, RR: 15
Reply 1, posted (5 years 9 months 2 weeks 13 hours ago) and read 1332 times:

Boeing stock is down $2.60 (right now). The impact of the strike was hardly a surprise, why would the stock be down as much as it is (I guess if I could figure this out, I should be working as a market analyst)? Wasn't it well known that deliveries would drop?

CEO Jim McNerny said that the backlog grew and the company was in a good position to weather the financial crisis and the labor stoppage.



That's why we're here.
User currently offlineStitch From United States of America, joined Jul 2005, 30654 posts, RR: 84
Reply 2, posted (5 years 9 months 2 weeks 12 hours ago) and read 1289 times:
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Well the DOW is down 270 (Boeing down $3.45), so it's probably just another "bears run wild" effect and not a specific lack of confidence in Boeing alone that accounts for the price drop.

Another $15 drop, however, and it will be time to buy again for me.

7% revenue drop for the quarter is pretty big, but the 1% over nine months shows that the new airplane market still looks pretty healthy.

Cash flow sure has taken a bath this year, however, but then with three full commercial programs in development plus production ramps on four others, I guess this is to be expected. I imagine IDS programs are also draining cash as they're being developed.


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