- Boeing's revenue rose 18% YoY to $19.5 billion, driven by a 57% increase in commercial deliveries.
- Despite revenue increase, Boeing reported a GAAP loss per share of ($0.16) and a negative operating cash flow of ($1.6 billion).
- Total company backlog increased to $545 billion, including over 5,600 commercial airplanes.
Boeing (BA, Financial) reported robust financial results for the first quarter of 2025, with revenue increasing by 18% year-over-year to $19.5 billion. This growth was primarily driven by a surge in commercial airplane deliveries, which rose by 57% to 130 aircraft, compared to 83 deliveries in the same quarter of the previous year.
The company recorded a GAAP loss per share of ($0.16) and a core loss per share of ($0.49), showing improvements from the same period a year ago. However, Boeing continued to face challenges with negative operating cash flow of ($1.6 billion) and free cash flow of ($2.3 billion).
Boeing's Commercial Airplanes division saw revenue jump to $8.1 billion, marking a 75% increase. The segment's operating margin was reported at (6.6)%, reflecting ongoing efforts to enhance operational efficiency. Despite the negative margins, the division managed to secure 221 net orders, including significant orders for 777 and 787 models.
In terms of production, Boeing plans to increase its 737 output to 38 airplanes per month by the end of 2025, while the 787 program aims to expand production to seven per month within the year. The company also reported progress in the 777X program, with expanded FAA certification testing, aiming for the first 777-9 delivery in 2026.
Boeing's Defense, Space & Security segment reported revenues of $6.3 billion, experiencing a 9% decline year-over-year, with a modest operating margin of 2.5%. The company was awarded a contract by the U.S. Air Force for the F-47 next-generation fighter aircraft, contributing to future growth in its defense backlog, which stood at $62 billion.
Global Services continued to deliver strong performance with $5.1 billion in revenue and an operating margin of 18.6%. The segment highlighted key activities, including delivering the 100th 767-300 Boeing Converted Freighter and expanding its digital aviation solutions business.
Boeing's total backlog at the end of the quarter increased to $545 billion, including over 5,600 commercial airplanes, indicating a strong foundation for future revenue growth and stability.
