Boeing Co. Earnings: Another Quarter of Strong Cash Flow
On Wednesday morning, Boeing (NYSE: BA) continued its run of strong performance, posting a solid profit, despite absorbing another charge related to its KC-46 military tanker development program. Furthermore, the company increased its free cash flow compared to the excellent result it posted in the year-ago period. This is allowing Boeing to return massive amounts of cash to its shareholders.
Boeing returned to revenue growth in the third quarter as the 737 production rate increased and deliveries of the new 737 MAX started to ramp up. The increase in output was supported by an order backlog that remains just shy of $500 billion.
Q3 2017
Source: Fool.com
Boeing Co. Stock
€167.04
0.110%
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