Boeing stock jumped Wednesday after the Dow Jones aerospace manufacturer's Q1 results cleared estimates. On Tuesday, the Dow Jones manufacturer announced a deal to sell parts of its navigation business for about $10.6 billion.
Boeing reported a loss of 49 cents per share, improved from a loss of $1.13 per share last year. Revenue increased 18% to nearly $19.5 billion.
FactSet analysts expected a loss of $1.18 per share on $19.38 billion in revenue.
Boeing noted that the results also reflect tariffs enacted as of March 31.
"Our company is moving in the right direction as we start to see improved operational performance across our businesses from our ongoing focus on safety and quality," CEO Kelly Ortberg said in the earnings release. "We continue to execute our plan, are seeing early positive results and remain committed to making the fundamental changes needed to fully recover the company's performance while navigating the current environment.
Commercial Revenue Surges
Commercial airplane revenue increased 75% to $8.15 billion. Deliveries of commercial aircraft rose 57% for the period to 130 aircraft. Growth was amplified partly by the year-ago grounding of 737-9 models. Boeing said the 737 program gradually increased production during this year's first quarter.
The Dow Jones manufacturer targets a production rate of 38 737 jets per month in 2025. Meanwhile, the 787 program has stabilized production at five jets per month this quarter, which should increase to seven per month this year.
The 777X program during the quarter began expanded FAA certification flight testing. Boeing expects first delivery of the 777-9 in 2026.
Overall, commercial airplanes booked 221 net orders during the quarter. That included 20 777-9 planes, 20 787-10 planes and 50 737-8 jets. The commercial airplanes unit delivered 130 jets during the quarter. The backlog included over 5,600 planes valued at $460 billion.
Defense, space and security revenues fell 9% to $6.3 billion. Boeing's defense backlog stood at $62 billion at quarter-end. Of that, 29% represent orders from customers outside the U.S. The quarter-end backlog also does not include the next-generation F-47 fighter jet. President Donald Trump in March selected Boeing over Lockheed Martin to design, build and deliver the sixth-generation jet.
Global services revenue was flat for the quarter at about $5.1 billion.
Boeing had a free cash outflow of $2.29 billion for the quarter, improving from its outflow of $3.93 billion last year.
The Dow Jones jet maker did not include an earnings or revenue outlook with its initial release.
$10.6 Billion Navigation Deal
Boeing on Tuesday agreed to sell parts of its Digital Aviation Solutions Business to software investment firm Thoma Bravo in an all-cash deal worth $10.55 billion, the company announced. The agreement includes Boeing's Jeppesen, ForeFlight, AerData and OzRunways assets.
Boeing will retain core digital capabilities that provide aircraft and fleet-specific data to commercial and defense customers, with maintenance, diagnostics and repair services.
Ortberg in the release said the transaction is, "an important component of our strategy to focus on core businesses, supplement the balance sheet and prioritize the investment grade credit rating.
Boeing Stock
BA stock popped 6% Wednesday on results to rebound above its 200-day moving average and 50-day line.
Boeing stock rose 2% on Tuesday after the Thoma Bravo deal was announced.
BA stock has rebounded from its April 7 low of 128.88 and pared its decline on the year to less than 3%.
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