Industryweek 4858 787 10
Industryweek 4858 787 10
Industryweek 4858 787 10
Industryweek 4858 787 10
Industryweek 4858 787 10

Boeing Posts Strong Profits, Raises Outlook

July 24, 2013
Jim McNerney, Boeing chairman, president and chief executive, said the company's defense, space and security business produced improved margins and market share "in a tough market" subject to sharp government spending cuts.

NEW YORK CITY - Boeing (IW 500/14) reported on Wednesday second-quarter profit topping expectations and raised its performance outlook for the full year.

Net earnings were $1.1 billion, up 13% from the year-ago period, on revenue that rose 9% to $21.8 billion.

Core earnings of $1.67 per share increased 13% from the 2012 April to June period, Boeing said.

That was well above market estimates of $1.58 per share.

"Continued strong core operating performance drove higher earnings, revenue and operating cash flow during the quarter," Jim McNerney, Boeing chairman, president and chief executive, said in a statement.

"We also further strengthened our market-leading position in commercial airplanes with the successful launch of the 787-10 and $40 billion of new orders."

McNerney said the company's defense, space and security business produced improved margins and market share "in a tough market" subject to sharp government spending cuts.

The Chicago-based company raised its 2013 earnings and revenue guidance, saying it expects to deliver a 7% increase in core earnings per share.

Copyright Agence France-Presse, 2013

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!