Boeing Capital YTD Earnings From Operations up 142% Year/Year



Boeing reported Q3/17 revenue of $24.3 billion, up from $23 billion in the same quarter a year earlier reflecting record commercial aircraft deliveries, services and delivery mix, and overall solid execution.

The following highlights were excerpted from the Boeing news release:

  • Boeing Capital revenues of $70 million and $234 million for Q3/17 and nine months ended September 30, 2017, respectively, compared to $63 million and $211 million for the same periods in 2016,
  • Boeing Capital’s Q3/17 and year-to-date earnings from operations of $23 million and $87 million, respectively, were up 77% and 142% from $13 million and $36 million during the same periods a year earlier.
  • Customer net financing assets of $3,474 million at the end of Q3/17 were down 17.3% from $4,201 million as of December 31, 2016.
  • Backlog remained robust at $474 billion, including nearly 5,700 aircraft in commercial airplane orders.
  • Year-to-date through September 30, 2017,  Boeing completed 554 deliveries, down from 563 deliveries during the same period in 2016.

“Our teams across all three business segments are driving execution with a focus on both productivity and growth, which has enabled Boeing to deliver solid third quarter financial results, grow cash flow, and raise our 2017 outlook,” said chairman, president and CEO Dennis Muilenburg. “In the third quarter we successfully launched our newest business segment, Boeing Global Services, leveraging our unique One Boeing advantages to offer complete lifecycle support across the commercial, defense and space sectors. We achieved a number of key milestones in the quarter with the delivery of a record 202 commercial airplanes, including 24 737 MAXs as we continue the smooth introduction of that airplane. On the defense side, we booked $6 billion in new orders, including an initial contract award for the Ground Based Strategic Deterrent program and an award from the U.S. Navy for 14 F/A-18 Super Hornet aircraft.”


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com