A Boeing 737 Max is displayed during the Farnborough Airshow, in Farnborough, on July 18, 2022. (Photo by JUSTIN TALLIS / AFP) (Photo by JUSTIN TALLIS/AFP via Getty Images)
Justin Tallis | AFP | Getty Images
Boeing is scheduled to report quarterly results before the market opens on Wednesday and update investors on its outlook for the year as it grapples with a production issue on some 737 Max planes. Here’s what analysts polled by Refinitiv expect Boeing to report:
- Adjusted loss per share: $1.07
- Revenue: $17.57 billion
The plane-maker is expected to provide an update on its outlook for aircraft deliveries for the year. Earlier this month, the company disclosed a problem with two of eight fittings in a section of fuselage on certain 737 Max planes, its best-seller. Boeing had warned that the issue would slow deliveries of some aircraft.
The company last month said it aimed to deliver between 400 and 450 737s this year. The pace of deliveries is key to its cash flow goals since customers pay for the bulk of the planes upon delivery.
The company previously forecast it would generate between $3 billion and $5 billion in free cash flow this year.
Boeing CEO Dave Calhoun last week said despite the issue and additional reworking on the affected planes, the company isn’t changing its orders with suppliers and still plans to ramp up output of the 737 Max planes from its most recently disclosed pace of 31 a month.
A rebound in air travel demand has boosted sales of new planes. Boeing executives have said they would only increase output when they were confident in their supply chain, which has faced several snags after a host of layoffs and production declines during the pandemic.
On Tuesday, major aircraft suppliers General Electric and Raytheon Technologies reported higher revenue in their engine units and an increase in repair shop visits and spare parts businesses.
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