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Monday, April 28, 2008
Boeing Reports Double-Digit First-Quarter Earnings Growth and Record Backlog
Boeing Reports Double-Digit First-Quarter Earnings Growth and Record Backlog
First-quarter EPS grew 43 percent to $1.62 per share as net income rose 38 percent to $1.2 billion
Operating margin expanded to 11.3 percent as revenue rose to $16.0 billion
Operating cash flow more than doubled to $1.9 billion
Backlog reached a record $346 billion
2008 EPS guidance reaffirmed at between $5.70 and $5.85 per share
2009 EPS expected to grow approximately 20 percent to between $6.80 and $7.00 per share
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