The Boeing Company (NYSE: BA) reported first-quarter net income of $0.5 billion, or $0.70 per share, and revenue of $15.2 billion. Current period results reflect solid performance across core businesses and a previously disclosed $0.20 charge on health care legislation, while the year-ago quarter was reduced by $0.31 per share on a charge due to poor market conditions in commercial airplanes.

• Operating margin grew to 7.7 percent on revenue of $15.2 billion, driving net income of $0.70 per share, including previously disclosed charge of $0.20 per share due to health care legislation
• Operating cash flow of ($0.3) billion with investments in development programs
• Cash & marketable securities of $10.4 billion provides strong liquidity for 2010
• Backlog of $315 billion – nearly five times current annual revenue – held steady as new orders largely kept pace with deliveries
• 2010 EPS guidance of $3.50 to $3.80 includes charge for health care legislation

The full report and supporting tables can be found at .