Boeing Non-GAAP EPS of -$1.75 Misses By $1.95, Revenue of $19.98B Misses By $120M
Seeking Alpha2023-01-25
- Boeing(NYSE:BA) Q4 Non-GAAP EPS of -$1.75misses by $1.95.
- Revenue of $19.98B (+35.1% Y/Y)misses by $120M.
- During the quarter, the company delivered 152 commercial airplanes and recorded 376 net orders.
- Total company backlog grew to $404B; including over 4,500 commercial airplanes.
- The company reaffirmed guidance: $4.5B-$6.5B of operating cash flow and $3B-$5B free cash flow.
- "We had a solid fourth quarter, and 2022 proved to be an important year in our recovery," said Dave Calhoun, Boeing President and Chief Executive Officer. "Demand across our portfolio is strong, and we remain focused on driving stability in our operations and within the supply chain to meet our commitments in 2023 and beyond. We are investing in our business, innovating and prioritizing safety, quality and transparency in all that we do. While challenges remain, we are well positioned and are on the right path to restoring our operational and financial strength."
- Looking at the stock performance, BA has gained more than 8.5% so far this year.
- Wall Street analysts rate the BA stock BUY in contrast to Hold rating by SA quant rating system.
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