February 18, 2025
Operating Assets

Boeing expects $4B Q4 loss due to strike, defense charges


Boeing has announced that it expects a $4 billion loss in the fourth quarter of 2024, due to a challenging year marked by a seven-week labor strike by US Coast factory workers and extra charges within the defense segment. 

In a statement released on January 23, 2025, Boeing announced that it will recognize impacts to its financial results “related to the IAM work stoppage, charges for certain Defense, Space & Security programs and costs associated with workforce reductions” when it reports its final fourth quarter results on January 28, 2025. 

The company expects fourth quarter revenue of $15.2 billion, a GAAP loss per share of $5.46, and operating cash flow of $3.5 billion. At the end of the quarter, cash and investments in marketable securities reached $26.3 billion.  



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *