The Boeing Company [NYSE: BA] has reported USD 15.1 billion in third-quarter revenue, driven by higher defense volume and services growth, the company said.
GAAP earnings per share increased to USD 4.07 and core earnings per share (non-GAAP) increased to USD 3.58 primarily driven by strong operating performance at Commercial Airplanes and a tax benefit related to a tax settlement (USD 0.71 per share). Results also reflect charges related to planned investments in the newly awarded T-X Trainer and MQ-25 programs (USD 0.93 per share). Boeing delivered strong operating cash flow of USD 4.6 billion, repurchased USD 2.5 billion of shares, and paid USD 1.0 billion of dividends.
The company´s revenue guidance increased USD 1.0 billion to between USD 98 and USD 100 billion, driven by defense volume and services growth, inclusive of the KLX acquisition. Operating cash flow guidance is reaffirmed at USD 15.0 to USD 15.5 billion.
Boeing said during the quarter it captured important new defense business, winning and investing in the MQ-25 and T-X programs and securing the MH-139 contract, clearly demonstrating the value Boeing brings to customers while positioning the company for future growth opportunities.
Within the Commercial Airplanes business, the 777X static test airplane was completed and moved into test setup and the team´s focus on execution across production programs.â©â©