The Boeing Company
BA
$201.89 0.01%
Exchange: NYSE | Sector: Industrials | Industry: Aerospace Defense
Q2 2024
Published: Jul 31, 2024

Earnings Highlights

  • Revenue of $16.87B down 14.6% year-over-year
  • EPS of $-2.33 decreased by 832% from previous year
  • Gross margin of 7.3%
  • Net income of -1.44B
  • ""We're committed to improving our quality management systems and stabilizing our operations."" - Dave Calhoun
BA
The Boeing Company

Executive Summary

The Boeing Company reported Q2 2024 revenues of $16.87 billion, a slight increase from the previous quarter but a 14.6% decrease year-over-year. The company continued to face challenges with production volumes and quality management as it moves towards its recovery phase post-accident and amid ongoing supply chain adjustments. The net loss for the quarter reached $1.44 billion, translating to earnings per share (EPS) of -$2.33. Management underscored their commitment to transparency and stability, emphasizing the importance of quality improvements. The announcement of the planned acquisition of Spirit AeroSystems is pivotal in this strategy, as Boeing seeks to regain control over its production quality and efficiency.

Key Performance Indicators

Revenue
Decreasing
16.87B
QoQ: 1.79% | YoY: -14.61%
Gross Profit
Decreasing
1.23B
7.29% margin
QoQ: -34.49% | YoY: -36.62%
Operating Income
Decreasing
-1.09B
QoQ: -1 167.44% | YoY: -1 001.01%
Net Income
Decreasing
-1.44B
QoQ: -319.53% | YoY: -865.77%
EPS
Decreasing
-2.33
QoQ: -316.07% | YoY: -832.00%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 19,496.00 -0.16 +17.7% View
Q4 2024 15,242.00 -5.45 -30.8% View
Q3 2024 17,840.00 -9.97 -1.5% View
Q2 2024 16,866.00 -2.33 -14.6% View
Q1 2024 16,569.00 -0.56 -7.5% View