On January 31, 2024, Boeing released its financial results for the fourth quarter of 2023, revealing a revenue of $22.0 billion and a GAAP loss per share of $0.04. Despite the loss, the company reported a significant improvement in its financial performance compared to the previous year, with a 10% increase in quarterly revenue and a 17% increase in annual revenue, reaching $77.794 billion for the full year. The quarter saw Boeing deliver 157 commercial airplanes and record 611 net orders, contributing to a total backlog of $520 billion, including over 5,600 commercial airplanes. The company generated $3.4 billion in operating cash flow and $3.0 billion in free cash flow (non-GAAP) for the quarter. Boeing's Commercial Airplanes segment reported a 13% increase in quarterly revenue to $10.5 billion, driven by higher deliveries and favorable...Show More

On January 31, 2024, Boeing released its financial results for the fourth quarter of 2023, revealing a revenue of $22.0 billion and a GAAP loss per share of $0.04. Despite the loss, the company reported a significant improvement in its financial performance compared to the previous year, with a 10% increase in quarterly revenue and a 17% increase in annual revenue, reaching $77.794 billion for the full year. The quarter saw Boeing deliver 157 commercial airplanes and record 611 net orders, contributing to a total backlog of $520 billion, including over 5,600 commercial airplanes. The company generated $3.4 billion in operating cash flow and $3.0 billion in free cash flow (non-GAAP) for the quarter. Boeing's Commercial Airplanes segment reported a 13% increase in quarterly revenue to $10.5 billion, driven by higher deliveries and favorable mix. The Defense, Space & Security segment saw a 9% increase in quarterly revenue to $6.7 billion, despite a $139 million loss on certain fixed-price development programs. Global Services reported a 6% increase in quarterly revenue to $4.8 billion, with an operating margin of 17.4%. Boeing's CEO, Dave Calhoun, emphasized the company's commitment to quality and transparency, particularly in light of the Alaska Airlines Flight 1282 accident involving a 737-9. Boeing has taken immediate actions to strengthen quality on the 737 program and has appointed an outside expert to lead an independent assessment of its quality management system.