Boeing (NYSE: BA) has reported Q4 2021 and fiscal 2021 results in which revenue was $14.793 billion and $62.286 billion, respectively. The reported revenue represents a 4% YoY increase in Q4 and a 7% growth for the whole fiscal year. The company missed in consensus revenue estimate of $16.86 billion.
Boeing missed on Q4 consensus earnings estimate
In the fourth quarter, the company reported a loss per share of $7.69, missing on consensus estimate of $7.39 per share. For the full year, the company posted a loss per share of $9.44.
CEO and President of Boeing, David Calhoun, stated:
2021 was a rebuilding year for us as we overcame hurdles and reached key milestones across our commercial, defense and services portfolios. We increased 737 MAX production and deliveries, and safely returned the 737 MAX to service in nearly all global markets.
The 737 MAX continued to return to service globally, including making progress in China. Notably, 787porgram reported a pre-tax non-cash charge of $3.5 billion focused on necessary actions to resume deliveries. Calhoun commented:
As the commercial market recovery gained traction, we also generated robust commercial orders, including record freighter sales. Demonstrating progress in our overall recovery, we also returned to generating positive cash flow in the fourth quarter. On the 787 program, we’re progressing through a comprehensive effort to ensure every airplane in our production system conforms to our exacting specifications.
Boeing committed to quality and safety
Although this impacts near-term results, the company believes it is the right approach to creating predictability and stability with demand resuming for the long term. Calhoun explained that Boeing focuses on quality and safety across the board as it
