Company: BA
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000012927-25-000062
Chunk: 110

Company: BOEING CO
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 3
Chunk 110
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 delayed planned production rate increases to reduce traveled work in our factory, as well as at our suppliers. We also began taking additional actions to improve safety and quality, which include investing in workforce training, simplifying plans and processes, eliminating defects, and enhancing our safety and quality culture.

On November 4, 2024, the International Association of Machinists and Aerospace Workers District 751 (IAM 751) voted to ratify a new contract, thereby ending the work stoppage initiated on September 13, 2024, which paused production of certain commercial aircraft models (737, 767, 777 and 777X aircraft) as well as production of commercial derivative aircraft for our Defense, Space & Security business (KC-46A Tanker and P-8A Poseidon). Production for all programs resumed in December 2024 and gradually ramped up during the first half of 2025.

Consolidated Results of Operations and Financial Condition

Consolidated Results of Operations

The following table summarizes key indicators of consolidated results of operations:

(Dollars in millions, except per share data)Six months ended June 30Three months ended June 302025202420252024Revenues$42,245 $33,435 $22,749 $16,866 GAAPEarnings/(loss) from operations$285 ($1,176)($176)($1,090)Operating margins0.7 %(3.5)%(0.8)%(6.5)%Effective income tax rate(32.6)%5.2 %(9.1)%5.0 %Net loss attributable to Boeing shareholders($648)($1,782)($611)($1,439)Diluted loss per share($1.09)($2.90)($0.92)($2.33)Non-GAAP (1)Core operating loss($234)($1,780)($433)($1,392)Core operating margins(0.6)%(5.3)%(1.9)%(8.3)%Core loss per share($1.73)($4.04)($1.24)($2.90)

(1)These measures exclude certain components of pension and other postretirement benefit expense. See pages 53-54 for important information about these non-GAAP measures and reconciliations to the most directly comparable GAAP measures.

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Revenues

The following table summarizes Revenues:

(Doll