Boeing releases Q4 and FY16 earnings

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On Jan. 25th 2017, Boeing Co. released earnings for the fourth quarter and full year 2016.

"With solid fourth quarter operating performance and a sharp strategic focus, we extended our aerospace market leadership in our centennial year and positioned Boeing for continued growth and success in our second century," said Chairman, President and Chief Executive Officer Dennis Muilenburg.

"We led the industry in commercial airplane deliveries for the fifth consecutive year, achieved healthy sales in our defense, space and services segments, and produced record operating cash flow, which fueled investment in innovation and our people and generated significant returns to shareholders."

Financial Performance

Q4

Revenues produced by Boeing in the fourth quarter of 2016 totalled $23.3 billion, down 1% from $23.6 billion in the fourth quarter of 2015.

Net earnings for the fourth quarter reached $1.6 billion, up 59% from $1.0 billion in the same quarter of 2015. Operating margin was 9.4%, up 4.5 points from 4.9% in the fourth quarter of 2015.

Operating cash flow was $2.8 billion, down 9% from $3.1 billion in the fourth quarter of 2015.

GAAP earnings per share (EPS) for the fourth quarter was $2.59, up 72% from $1.51 in the same period of last year. Non-GAAP earnings per share (EPS) was $2.47, up 54% from $1.60 in the same period, a year ago.

Commercial airplanes delivered in the fourth quarter totalled 185, up 2% year-over-year, while earnings from operations decreased 39% year-over-year. Defence, Space & Security revenues dropped 12% year-over-year with an 18% loss in revenue from military aircraft.

FY16

Revenues produced by Boeing in FY16 totalled $94.6 billion, down 2% from $96.1 billion in FY15.

Net earnings for FY16 totalled $4.9 billion, down 5% from $5.2 billion in 2015. Operating margin was 6.2%, down 1.5 points from 7.7% in FY15.

Operating cash flow for the full year was $10.5 billion, up 12% from $9.4 billion in FY15.

GAAP earnings per share (EPS) was $7.61 for FY16, from $7.44 in FY15, representing 2% growth year-over-year. Non-GAAP earnings per share (EPS) was $7.24, down 6% from $7.72 in FY15.

Boeing delivered 748 commercial airplanes in FY16, 2% less than in FY15. Defence, Space & Security generated 3% less revenue year-over-year with a 7% revenue drop in military aircraft.

The Stock Market

As of 10:00 GMT on Feb. 7th 2017, Boeing Co. stock (NYSE: BA) is trading at a value of 163.98 USD per share after an incline of 0.97%. The highest weekly close was 164.08 USD.

According to analysts at GSI Markets, Boeing stock soared after their results were released. On Jan. 23rd, Boeing stock sat at 157.84 and climbed to 169.12 on Jan. 26th. Expert CFD traders at GSI Markets are trading Boeing stock on MetaTrader4.

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