Boeing released its first-quarter 2025 financial results, reporting a smaller loss than analysts had anticipated, driven by an increase in commercial aircraft deliveries following a period hampered by quality issues and production halts late last year.
The aerospace giant posted an adjusted loss of $0.49 per share, beating the market consensus of a $1.29 per share loss, according to LSEG data. Quarterly revenue reached $19.5 billion, an 18% increase compared to the same period in 2024 and slightly ahead of Wall Street expectations.
A key contributor to the improved results was the rise in commercial aircraft deliveries, which totaled 130 units, up from 83 in the first quarter of 2024. Of these, 105 were 737 models. Boeing reaffirmed its goal of gradually ramping up 737 MAX production to reach 38 aircraft per month by the end of 2025, the current cap set by regulators. 787 production remained steady at five units per month, with plans to increase that to seven this year.
Free cash flow, a closely watched metric by investors, stood at negative $2.3 billion. While still in the red, it represents a significant improvement over the negative $3.9 billion from a year earlier and outperformed analysts' expectations of a $3.6 billion shortfall.
The results come as the company, under the leadership of Kelly Ortberg, pursues initiatives to strengthen operations and finances. In a message to employees, Ortberg described 2025 as Boeing’s “year of recovery,” pointing to higher deliveries and product improvements as encouraging signs. “We are building better-quality airplanes and delivering them with greater predictability,” he said.
Puede interesarte
As part of its debt reduction strategy, Boeing recently announced the sale of parts of its Digital Aviation Solutions business, including the Jeppesen navigation unit, for $10.55 billion.
Despite the progress, Boeing continues to face challenges such as supply chain constraints affecting the entire aerospace industry and ongoing trade tensions between the U.S. and China, a rapidly growing aviation market. The company is also still dealing with the financial aftermath of 2024, a year in which it reported a $11.8 billion loss.
The Commercial Airplanes division saw its revenue rise 75% to $8.1 billion, though its operating margin remained negative at -6.6%, an improvement from -24.6% the previous year. Defense, Space & Security reported $6.3 billion in revenue, down 9%, with an operating margin of 2.5%. Global Services held steady with $5.1 billion in revenue and a robust operating margin of 18.6%.
Boeing’s total backlog grew to $545 billion at the end of the quarter, including more than 5,600 commercial airplanes awaiting delivery.
Comentarios
Para comentar, debés estar registrado
Por favor, iniciá sesión