Boeing reports their third-quarter results and raises 2011 EPS guidance.
- Results reflect strong core operating performance
- Higher Q3 earnings on increased volumes and strong performance across the businesses offsetting higher pension expense
- Delivered first 787 Dreamliner and achieved 747-8 Freighter FAA and EASA certification; production ramp-up progressing
- Strong fundamental product-and-services strategies
- Net orders of $26 billion; large diversified backlog at $332 billion
Boeing's operating engine is running well... significant milestones have been achieved on development programs
- Earnings per share of $1.46 reported on revenue of $17.7 billion
- Backlog grew to $332 billion, including $26 billion in orders during the quarter
- Operating cash flow of $0.4 billion reflects continued investment in development programs and $0.5 billion of pension funding
- Cash and marketable securities of $9.2 billion provide strong liquidity
- 2011 earnings per share guidance increased to between $4.30 and $4.40 per share on strong core performance across businesses