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Boeing's first quarter earnings rise

By control on April 24, 2013

Boeing reported first quarter core earnings per share increased 24 percent to US$1.73.

First quarter core operating earnings increased 14 percent to US$1.9 billion from the first quarter of 2012. First quarter revenue was US$18.9 billion, earnings from operations were US$1.5 billion and earnings per share were US$1.44.

"Strong core operating performance fueled by productivity gains and solid program execution drove higher company earnings and double-digit operating margins in both major businesses during the quarter," Boeing chairman, president and CEO Jim McNerney said. "Our first priority in the days ahead is to fully restore our customers' 787 fleets to service and resume production deliveries. Our outlook for the year is positive, and our financial and delivery guidance is reaffirmed as we remain focused on the profitable ramp up in commercial airplane production rates, disciplined execution of our development programs and continued growth in core, adjacent and international defense and space markets."