Boeing Reports First-Quarter Earnings


  • First-quarter net income was $0.6 billion with earnings per share of $0.86 which includes the previously announced $0.38 per share reduction from revised twin-aisle commercial airplane production rates and lower price escalation forecasts
  • Revenue rose 3 percent to $16.5 billion on higher commercial airplane deliveries and higher volume in defense
  • Operating cash flow was $0.2 billion
  • Backlog at $339 billion — nearly five times current annual revenues
  • 2009 earnings outlook reduced to reflect changes in commercial market; outlook for Integrated Defense Systems is reaffirmed on solid execution

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