Boeing Reports Third-Quarter Results and Raises 2011 EPS Guidance

CHICAGO, Oct. 26, 2011 /PRNewswire/ --

CHICAGO, Oct. 26, 2011 /PRNewswire/ --

  • Earnings per share of $1.46 reported on revenue of $17.7 billion
  • Backlog grew to $332 billion, including $26 billion in orders during the quarter
  • Operating cash flow of $0.4 billion reflects continued investment in development programs and $0.5 billion of pension funding
  • Cash and marketable securities of $9.2 billion provide strong liquidity
  • 2011 earnings per share guidance increased to between $4.30 and $4.40 per share on strong core performance across businesses

Table 1.  Summary Financial Results








Third Quarter


Nine Months


(Dollars in Millions, except per share data)

2011

2010

Change

2011

2010

Change








Revenues

$17,727

$16,967

4%

$49,180

$47,756

3%

Earnings From Operations

$1,714

$1,387

24%

$4,247

$3,868

10%

Operating Margin

9.7%

8.2%

1.5 Pts

8.6%

8.1%

0.5 Pts

Net Income

$1,098

$837

31%

$2,625

$2,143

22%

Earnings per Share

$1.46

$1.12

30%

$3.49

$2.89

21%

Operating Cash Flow

$449

$1,855

(76%)

$1,092

$1,836

(41%)



SOURCE

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