The earnings call reflects a challenging quarter with significant revenue declines and core losses, largely impacted by the IAM work stoppage and defense program charges. Despite these challenges, there are positive signs of production stability, strong demand, and backlog growth, along with record performance in the Global Services segment. Continued focus on stabilizing production and managing defense program risks is critical for recovery.

Company Guidance

During Boeing's Fourth Quarter 2024 Earnings Conference Call, the company provided guidance on several key metrics crucial to their recovery plan. For the 737 MAX, Boeing has sufficient parts inventory to enable production at 38 units per month and aims to increase production rates beyond this, contingent upon meeting agreed-upon key performance indicators (KPIs) with the FAA. The 787 program is stable at a production rate of five per month, with plans to increase once the supply chain demonstrates stability. Boeing's backlog is valued at over $0.5 trillion, illustrating strong demand across their portfolio. The company's financial performance included revenue of $15.2 billion, down 31% year-over-year, with a core loss per share of $5.90. The cash flow impact included a $4.1 billion usage for the quarter. Boeing aims to achieve significant cash flow improvement in 2025, with plans to turn positive in the second half of the year. Additionally, Boeing is committed to maintaining an investment-grade credit rating, having ended the quarter with $26.3 billion in cash and marketable securities, and a debt balance of $53.9 billion.

737 MAX Production and Stability

Boeing achieved a production rate of 38 737 MAX aircrafts per month, with all three production lines in Renton cycling. The FAA reported significant improvement in Boeing's safety management system, indicating a stable factory.

787 Production Progress

Boeing finished 2024 at a production rate of five 787s per month and plans to further increase this rate. The company has made progress in managing supplier part shortages within established control limits.

Strong Demand and Backlog

Boeing's backlog stands at over $0.5 trillion, with robust demand for core commercial and defense products. The company received significant orders, including 15 KC-46A Tankers and seven P-8A aircraft.

Boeing Global Services Performance

BGS delivered record operating margins of 19.5% in the quarter, with revenue up 6% primarily on higher commercial volume.

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Boeing (BA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 23, 2025	2025 (Q1)	-0.82 / -	-1.13	―	―	―
Jan 28, 2025	2024 (Q4)	-3.25 / -5.90	-0.47	-1155.32% (-5.43)
Oct 23, 2024	2024 (Q3)	-10.36 / -10.44	-3.26	-220.25% (-7.18)
Jul 31, 2024	2024 (Q2)	-1.96 / -2.90	-0.82	-253.66% (-2.08)
Apr 24, 2024	2024 (Q1)	-1.63 / -1.13	-1.27	11.02% (+0.14)
Jan 31, 2024	2023 (Q4)	-0.72 / -0.47	-1.75	73.14% (+1.28)
Oct 25, 2023	2023 (Q3)	-3.18 / -3.26	-6.18	47.25% (+2.92)
Jul 26, 2023	2023 (Q2)	-0.91 / -0.82	-0.37	-121.62% (-0.45)
Apr 26, 2023	2023 (Q1)	-1.07 / -1.27	-2.75	53.82% (+1.48)
Jan 25, 2023	2022 (Q4)	0.18 / -1.75	-7.69	77.24% (+5.94)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 28, 2025	$175.16	$177.78	+1.50%
Oct 23, 2024	$159.88	$157.06	-1.76%
Jul 31, 2024	$186.86	$190.60	+2.00%
Apr 24, 2024	$169.18	$164.33	-2.87%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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