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Boeing has released its financial results for the fourth quarter of 2024, reporting a revenue of $15.2 billion and a GAAP loss per share of ($5.46). The company also recorded a core loss per share (non-GAAP) of ($5.90), which reflects previously announced impacts from an International Association of Machinists and Aerospace Workers (IAM) work stoppage, charges on certain defense programs, and costs associated with workforce reductions.
Operating cash flow was reported at ($3.5) billion, while cash and marketable securities totaled $26.3 billion, up from $10.5 billion at the beginning of the quarter due to a significant capital raise. Boeing's total debt decreased to $53.9 billion following early repayment of bonds.
Kelly Ortberg, Boeing's president and CEO, stated: "We made progress on key areas to stabilize our operations during the quarter and continued to strengthen important aspects of our safety and quality plan."
