Rising commercial aircraft deliveries and service transactions helped Boeing achieve a 39% jump in operating profit in the fourth quarter, rising to $3.03 billion.
Boeing also released an upbeat forecast for this year, predicting a 6-6.8% jump in deliveries, rising from 763 aircraft in 2017 to between 810 and 815 aircraft.
Net earnings also grew year-over-year in the fourth quarter by 92% to $3.13 billion on a 9% increase in revenues.
For the full year, Boeing’s operating profit leaped 76% compared to 2016, rising to $10.3 billion. Net earnings in 2017 grew 67% year-over-year to $8.2 billion on a 1% decline in revenue. Total sales in 2017 amounted to $93.4 billion.
The Boeing Commercial Airplanes division achieved an 8% increase in revenues on a 13% growth in aircraft deliveries during the fourth quarter, finishing with with a $1.78 billion operating profit on a 15% operating margin.
For the full year, BCA significantly improved operating profit, which jumped 172% year-over-year to $5.43 billion. Overall revenues in 2017 declined 2% compared to the year before to $56.7 billion.
Total debt grew in the fourth quarter from $10.8 billion to $11.1 billion. Cash and marketable securing remained stable at $10 billion during the period, Boeing says.
Source: Cirium Dashboard
