Boeing will be holding its 3rd quarter earnings conference call at 10:30 AM ET. It is expected that the company will provide an initial assessment of the impact of the IAM strike, as well as its effect on the 787 program.
Boeing Posts Lower Third-Quarter Results on Reduced Commercial DeliveriesTranscript below the fold.
- Third-quarter revenues declined to $15.3 billion from $16.5 billion as labor strike and supplier production problems pushed airplane deliveries out of the quarter
- EPS declined to $0.96 per share, reduced by an estimated $0.60 on the lower deliveries and by $0.08 due to tax adjustments
- Backlog grew to a record $349 billion as near-term demand remains strong
- Updated financial guidance to be provided after strike concludes