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Boeing Reports First-Quarter Results and Reaffirms 2011 Guidance

CHICAGO, April 27, 2011 /PRNewswire/ --

Boeing
Apr 28, 2011

Boeing Reports First-Quarter Results and Reaffirms 2011 Guidance

CHICAGO, April 27, 2011 /PRNewswire/ --

  • Earnings per share of $0.78 on revenue of $14.9 billion
  • Backlog grew to $329 billion, including $23 billion in orders during the quarter
  • Operating cash flow of ($1.0) billion reflects delivery timing and continued investment in development programs
  • Cash and marketable securities of $7.8 billion provide strong liquidity
  • 2011 financial and deliveries outlook reaffirmed

Table 1.  Summary Financial Results



First Quarter

Change

(Dollars in Millions, except per share data)

2011

2010




Revenues

$14,910

$15,216

(2%)

Earnings From Operations

$1,000

$1,174

(15%)

Operating Margin

6.7%

7.7%

(1.0)Pts

Net Income

$586

$519

13%

Earnings per Share

$0.78

$0.70

11%

Operating Cash Flow

($953)

($285)

NM


SOURCE