The Boeing Company (Chicago) reported first-quarter net income rose to $0.9 billion, or $1.22 per share, on revenue of $19.4 billion. Earnings per share rose 56 percent, reflecting continued strong core performance across the company’s businesses, which more than offset higher pension expense (Table 1). The results also include an increase in earnings of $0.11 per share related to a reduction in a litigation-related reserve. Earnings per share guidance for 2012 increased to between $4.15 and $4.35 to incorporate the reduction in the litigation-related reserve. The company reaffirmed its 2012 revenue and operating cash flow outlook.
Copyright Photo: Joe G. Walker. Boeing has handed over the first Boeing 747-830 Intercontinental (D-ABYA) to Lufthansa (this is the first Boeing delivery to LH since the last 747-430!). Lufthansa employees are conducting airline-specific preparations to get the airplane ready for a May 1 flight to its permanent home base in Frankfurt. Boeing will host a special flyaway celebration with senior executives from both companies that day. Lufthansa will then host a special celebration when the airplane arrives in Frankfurt on May 2.
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