Boeing Reports Fourth Quarter Results
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Boeing reported its fourth quarter 2024 results, highlighting the impact of the IAM agreement, production resumption, and financial challenges. The company faced a GAAP loss per share of ($5.46) and a core loss per share of ($5.90), with an operating cash flow of ($3.5) billion. Despite these challenges, Boeing delivered 348 commercial airplanes and recorded 279 net orders, with a total backlog of $521 billion.
January 28, 2025 | 12:15 pm
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Boeing's Q4 2024 results were impacted by the IAM agreement and production resumption, resulting in a GAAP loss per share of ($5.46) and a core loss per share of ($5.90). The company delivered 348 airplanes and has a backlog of $521 billion.
Boeing's financial results were negatively impacted by the IAM agreement and production resumption costs, leading to significant losses per share. However, the delivery of 348 airplanes and a strong backlog indicate potential for future recovery.
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IMPORTANCE 90
RELEVANCE 100