Boeing Reports First Quarter Results

737 production gradually increased in the quarter; still expected to reach 38 per month this year

Revenue increased to $19.5 billion primarily reflecting 130 commercial deliveries

GAAP loss per share of ($0.16) and core (non-GAAP)* loss per share of ($0.49)

Operating cash flow of ($1.6) billion and free cash flow of ($2.3) billion (non-GAAP)*

Total company backlog grew to $545 billion, including over 5,600 commercial airplanes

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Editorial photo credit: Daniel J. Macy / Shutterstock.com

ARLINGTON, Va. /PRNewswire/ — Boeing Company recorded first quarter revenue of $19.5 billion, GAAP loss per share of ($0.16) and core loss per share (non-GAAP)* of ($0.49) (Table 1). The company reported operating cash flow of ($1.6) billion and free cash flow of ($2.3) billion (non-GAAP)*. Results primarily reflect improved operational performance and commercial delivery volume. Results also reflect only tariffs enacted as of March 31.

“Our company is moving in the right direction as we start to see improved operational performance across our businesses from our ongoing focus on safety and quality,” said Kelly Ortberg, Boeing president and chief executive officer. “We continue to execute our plan, are seeing early positive results and remain committed to making the fundamental changes needed to fully recover the company's performance while navigating the current environment.”

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