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波音公司The Boeing Company(BA)2025年第三季度财务业绩演示报告「NYSE」(英文版)(11页).pdf

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1、Copyright 2025 Boeing.All rights reserved.Third Quarter 2025 Earnings ReviewKelly OrtbergPresident and Chief Executive OfficerJay MalaveExecutive Vice President and Chief Financial OfficerOctober 29,2025Copyright 2025 Boeing.All rights reserved.Caution Concerning Forward-Looking StatementsCertain st

2、atements made today constitute“forward-looking statements”within the meaning of the Private Securities Litigation Reform Act of 1995.Words such as“may,”“will,”“should,”“expects,”“intends,”“projects,”“plans,”“believes,”“estimates,”“targets,”“anticipates,”and other similar words or expressions,or the

3、negative thereof,generally can be used to help identify these forward-looking statements.Examples of forward-looking statements include statements relating to our future financial condition and operating results,industry projections and outlooks,plans,objectives and goals,as well as any other statem

4、ent that does not directly relate to any historical or current fact.Forward-looking statements are based on expectations and assumptions that we believe to be reasonable when made,but that may not prove to be accurate.These statements are not guarantees and are subject to risks,uncertainties,and cha

5、nges in circumstances that are difficult to predict.Many factors could cause actual results to differ materially and adversely from these forward-looking statements.Among these factors are risks related to:(1)general conditions in the economy and our industry,including those due to regulatory change

6、s;(2)our reliance on our commercial airline customers;(3)the overall health of our aircraft production system,production quality issues,commercial airplane production rates,our ability to successfully develop and certify new aircraft or new derivative aircraft,and the ability of our aircraft to meet

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1. **2025年第三季度业绩改善**:营收233亿美元(同比增31%),核心运营亏损50.49亿美元(同比收窄16%),运营 margins-20.5%(2024年Q3为-32.3%)。 2. **各业务板块表现**: - **商用飞机**:营收111亿美元,运营 margins-48.3%;737月产量稳定38架,计划增至42架;787月产7架, backlog 5350亿美元。 - **防务与航天**:营收69亿美元,运营 margins转正至1.7%;获90亿美元订单, backlog 760亿美元。 - **全球服务**:营收54亿美元,运营 margins 17.5%;获80亿美元订单, backlog 250亿美元。 3. **现金流与债务**:现金及等价物230亿美元,债务534亿美元;自由现金流2亿美元(2024年Q3为-19.56亿美元)。 4. **风险提示**:提及前瞻性声明不确定性,包括777X项目 charges、供应链风险、政府合同依赖等。
**777X进展如何?** **交付量为何提升?** **现金流何时转正?**
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