Boeing (BA) Misses Q1 EPS by 37c, Revenues Beat

Boeing (NYSE: BA) reported Q1 EPS of ($1.53), $0.37 worse than the analyst estimate of ($1.16). Revenue for the quarter came in at $15.22 billion versus the consensus estimate of $15.08 billion.

• Continued progress on safe return to service of 737 MAX; resumed 787 deliveries in late March
• Revenue of $15.2 billion, GAAP loss per share of ($0.92) and core (non-GAAP)* loss per share of ($1.53)
• Operating cash flow of ($3.4) billion; cash and marketable securities of $21.9 billion
• Total backlog grew to $364 billion; Commercial Airplanes added 76 net orders

"I am proud of the progress our global team made across our business in the first quarter as we continued to transform our enterprise, strengthen our safety processes, and sustain critical investments for our future," said Boeing President and Chief Executive Officer Dave Calhoun. "While the global pandemic continues to challenge the overall market environment, we view 2021 as a key inflection point for our industry as vaccine distribution accelerates and we work together across government and industry to help enable a robust recovery. Our balanced commercial, defense, space and services portfolio continues to provide critical stability for our business – and we remain focused on safety, quality and integrity as we deliver on our customer commitments."

For earnings history and earnings-related data on Boeing (BA) click here.

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