Boeing reports fourth-quarter results and provides 2016 guidance

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Boeing today released it’s fourth-quarter 2015 results.

In summary:

-Core EPS (non-GAAP) of $1.60 on revenue of $23.6 billion; GAAP EPS of $1.51

-Strong operating cash flow of $3.1 billion on solid core operating performance

Full Year 2015

Record revenue of $96.1 billion on record commercial deliveries
Operating cash flow increased to $9.4 billion; strong liquidity of $12.1 billion in cash and marketable securities

Backlog remains strong at $489 billion, including $83 billion of net orders during the year

Outlook for 2016

2016 Core EPS guidance of between $8.15 and $8.35; GAAP EPS guidance of between $8.45 and $8.65

Revenue guidance of between $93 and $95 billion reflects commercial deliveries of between 740 and 745

Reaffirming planned production rate increases over the next several years

Operating cash flow guidance of approximately $10 billion