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Boeing Sees Healthy Second-Quarter

By Steve Schuster | July 24, 2013

Telecom

Boeing recently released 2013 Q2 results indicating a healthy start to the year.

Image credit: Boeing

[Satellite TODAY 07-24-13] Boeing reports strong second-quarter results and raises 2013 EPS guidance. Core EPS (non-GAAP) rose 13 percent to $1.67 on strong operating performance while GAAP EPS is valued at $1.41. Revenue increased by 9 percent to $21.8 billion reflecting higher deliveries on the Boeing 787 and 737 programs.

The company’s backlog grew to a record $410 billion, including $40 billion of net orders during the second quarter 2013. While operating cash flow before pension contributions more than doubled to $3.5 billion. 2013 Core EPS guidance increased to between $6.20 and $6.40; GAAP EPS to between $5.10 and $5.30

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