By bigbreakingwire 
Boeing ($BA) Q4 2023 Earnings Highlights:
– Revenue reaches $22.02 billion, surpassing the estimated $21.06 billion.
– Commercial Airplanes Revenue records $10.48 billion, exceeding the estimated $10.04 billion.
– Defense, Space & Security Revenue stands at $6.75 billion, surpassing the estimated $6.17 billion.
– Global Services Revenue reports $4.85 billion, slightly above the estimated $4.84 billion.
– Adjusted Free Cash Flow is $2.95 billion, surpassing the estimated $2.09 billion.
– Operating Cash Flow is $3.38 billion, exceeding the estimated $2.49 billion.
– Core Loss per Share is 47 cents.
– Defense, Space & Security Operating Loss is $101 million, beating the estimated loss of $163.2 million.
– Global Services Operating Earnings reach $842 million, surpassing the estimated $762 million.
– CEO Dave Calhoun emphasizes, “Full focus is on taking comprehensive actions to strengthen quality at Boeing.”
Key Metrics:
– Backlog: $520 billion
– 787 Production Rate: 5/month
– 737 Production Rate: 38/month
– Commercial Airplanes Deliveries: 157 units, up 3% year-over-year
– Net Loss: $23 million
– Loss per Share: 4 cents
Additional Details:
– Boeing appoints an outside expert for an independent assessment of its commercial airplanes’ quality management system.
– The company maintains the 737 program production rate at 38 per month and the 787 program production rate at five per month.
– Primary focus is on supporting customers and working transparently with regulators.
– Boeing suspends the forecast for 2024.
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