Boeing Q2 Earnings Up 26%, Backlog ‘Robust’ at 5,900 Aircraft



Boeing reported Q2/18 revenue of $24.3 billion was up 5% from $23.1 billion in Q2/17 reflecting higher commercial deliveries and mix, defense volume and services growth. Net earnings of $2,196 million were up 26% from $1,749 million in Q2/17.

Boeing delivered 378 commercial airplanes in the first half of 2018, up 7% from 352 aircraft deliveries for the same period in 2017.

Boeing noted Commercial Airplanes booked 239 net orders during Q2/18, including 91 wide-bodies. Backlog remained robust with nearly 5,900 airplanes valued at $416 billion.

Boeing Capital Q2/18 revenue and earnings from operations of $72 million and $24 million, respectively compared to $72 million and $25 million for the same quarter in 2017. At quarter-end, Boeing Capital’s net portfolio balance was $3.0 billion.

“We are seeing the results of our One Boeing approach as our teams work together across the Boeing enterprise to deliver value to our customers and grow our business. In the quarter, we generated improved revenue and earnings, delivered strong cash and captured $27 billion in new orders,” Dennis Muilenburg, Boeing chairman, president and CEO, said.


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