Connect with us

Hi, what are you looking for?


Boeing CEO feels ‘very good’ despite a surprise loss in Q4

boeing ceo on q4 loss

Boeing Co. (NYSE: BA), on Wednesday, reported a surprise loss for its fourth financial quarter. Shares opened in the red this morning.

CEO Dave Calhoun’s remarks on CNBC

On the plus side, though, the multinational reiterated its guidance for $3.0 billion to $5.0 billion worth of free cash flow in 2023. Discussing the earnings print on CNBC’s “Squawk on the Street”, CEO Dave Calhoun said:

We focused on deliveries and cash flow as primary metrics and on both those fronts, we exceeded even our own expectations. We still feel the $10 billion cash flow for 2025-2026 is well within our reach without doing remarkable things.

According to Wall Street, investors should buy Boeing shares as they have upside to $219 on average.

Boeing’s backlog increased year-over-year

Boeing ended this quarter with $404 billion worth of backlog – a 7.0% increase from $377.5 billion in the same quarter last year. CEO Calhoun also noted:

We feel very good about the fourth quarter and the execution. Our margins from an accounting standpoint will be bouncy throughout this year largely built around return to service of inventory planes both the Max and 787.

Last month, the Seattle-headquartered company landed the largest order for wide-body aircraft in the U.S. history as Invezz reported here. Boeing shares are still up nearly 75% versus late September.

Key takeaways from Boeing’s Q4 results

  • Lost $634 million versus the year-ago $4.16 billion
  • Per-share loss also contracted sharply from $7.02 to $1.06
  • Adjusted loss printed at $1.75 a share as per the press release
  • Revenue went up 35% year-over-year to $19.98 billion
  • Consensus was 20 cents of EPS on $20.32 billion revenue

CEO Calhoun also confirmed that Boeing is now competing well against Airbus in the United States. He’s confident about the return to glory in China as well.

The post Boeing CEO feels ‘very good’ despite a surprise loss in Q4 appeared first on Invezz.

You May Also Like


Mimiq, Inc is announcing today the launch of their new product, Mimiq Track, at CES as part of their latest product line to operate...


Genesis Trading, the cryptocurrency brokerage and lender that halted customer withdrawals in the aftermath of FTX collapse, believes it can sort out its financial...

Editor's Pick

If you haven’t been following the “Twitter Files” saga, the gist of it is that the US federal government routinely pressured pre-Musk Twitter, and...

Editor's Pick

On April 23, 1985, the Coca-Cola Company made one of the biggest mistakes in American business history: it changed the formula for Coca-Cola. Outraged...

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2023