The Boeing Company on Wednesday reported a income of 20 billion
U.S. {dollars} for the fourth quarter of 2022, a 35 p.c improve
in comparison with the identical interval of 2021, Trend reviews citing Xinhua.
The firm’s full-year 2022 income was 66.6 billion {dollars}, a
7 p.c improve 12 months over 12 months, and its typically accepted
accounting rules (GAAP) loss per share was 1.06 {dollars} for
the quarter, and eight.30 {dollars} for the total 12 months.
Boeing recorded a internet lack of 663 million {dollars} for the
quarter and about 5.1 billion {dollars} for the total 12 months.
The firm generated 3.5 billion {dollars} of working money circulation
within the fourth quarter, and three.5 billion {dollars} of working money
circulation and a couple of.3 billion {dollars} of free money circulation (non-GAAP) for the
full 12 months of 2022.
Boeing’s Commercial Airplanes fourth-quarter income elevated
by 94 p.c 12 months on 12 months to 9.2 billion {dollars}, pushed by increased
737 and 787 deliveries and partially offset by 787 buyer
issues.
During the quarter, the corporate delivered 152 business
plane, a 54 p.c improve 12 months on 12 months, and secured internet
orders for 376 plane.
For the total 12 months, Boeing delivered 480 business airplanes, an
improve of 41 p.c in comparison with 12 months 2021. It recorded 808 internet
orders in 2022.
The 737 program is stabilizing manufacturing price at 31 monthly
with plans to ramp manufacturing to roughly 50 monthly within the
2025/2026 timeframe. Additionally, the 787 program continues at a
low manufacturing price with plans to ramp manufacturing to 5 monthly
in late 2023 and to 10 monthly within the 2025/2026 timeframe, the
firm stated.
In Boeing’s Defense, Space and Security applications, a complete of 45
plane and three satellites have been delivered within the fourth quarter.
The income elevated to six.2 billion {dollars}, a 5 p.c improve
12 months on 12 months. The full 12 months income was 23.2 billion {dollars}, down
by 13 p.c from 2021.
Boeing’s Global Services fourth-quarter income elevated by 6
p.c 12 months on 12 months to 4.6 billion {dollars}, and the total 12 months
income was 17.6 billion {dollars}.
“We had a stable fourth quarter, and 2022 proved to be an
necessary 12 months in our restoration,” stated Dave Calhoun, Boeing
president and chief govt officer.
Boeing stays targeted on driving stability in its operations
and inside the provide chain to satisfy its commitments in 2023 and
past, he stated.
