Commercial, Military

Boeing Sees 2% Revenue Decrease in 2016 at $94.6 Billion

By S.L. Fuller | January 26, 2017
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Pvt. Steven Diaz, Bravo Battery, 1-143rd Field Artillery, pulls LZ security as a CH-47F Chinook from 1-126th Aviation takes off after sling loading an M119A3 105mm Howitzer and his unit at Fort Hunter Liggett, Calif., June 15, 2015. (U.S. Army photo by Capt. Cody Gallo)

U.S. Army photo by Capt. Cody Gallo

Revenues decreased for The Boeing Company by 2% in 2016 compared to 2015, according to the company’s 2016 fourth quarter report. Full-year revenues in 2016 have been reported at $94.6 billion, with the fourth quarter of 2016 accounting for $23.3 billion.

Full-year earnings per share and operating cash flow saw increases of 2% and 12%, respectively. But full-year earnings from operations, operating margin, net earnings, core operating earnings, core operating margin and core earnings per share saw decreases from 2015 to 2016.Comparing the fourth quarter of 2015 to the fourth quarter of 2016, however, showed only a 1% decrease in revenues.

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Boeing considers its fourth quarter 2016 a “solid execution on production programs and services,” while full-year 2016 reflected “strong commercial deliveries and services growth across the company.”

Boeing "achieved healthy sales in our defense, space and services segments, and produced record operating cash flow,” said Dennis Muilenburg, chairman, president and CEO of Boeing. This "fueled investment in innovation and our people and generated significant returns to shareholders."

Boeing Military Aircraft saw 2016 fourth-quarter revenue totaling some $2.6 billion, which is an 18% decrease from 2015 fourth-quarter revenue. The company said the decrease reflects lower planned deliveries and mix. During the fourth quarter of 2016, pending international sales of fighter jets, Chinooks and Apaches were approved by the U.S. State Dept.

 

 

 

 

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