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  • Tuesday, April 16, 2024

Boeing FY 2014 Revenue Up 5%, Full-Year Profit Jumps 19%


boeing logoBoeing (NYSE: BA) has announced financial results for both the fourth quarter and 2014 fiscal year ended Dec. 31, 2014.

The Chicago-based aerospace and defense company reported a 3-percent increase in revenue for the quarter to $24.47 billion over the prior year period and a 5-percent bump for the full year to $90.76 billion over fiscal 2013 figures.

Both the total revenue for the quarter and the full fiscal year are records for the company, Boeing said.

Profit for the quarter rose 19 percent to $1.47 billion and 19 percent for the year to $5.45 billion over prior year figures.

Boeing’s commercial airplanes segment recorded a 15-percent year-over-year revenue increase for the quarter to $16.83 billion and an overall 13-percent hike for the full fiscal year to $60 billion.

The company’s defense, space and security segment reported $7.6 billion in revenue with an operating margin of 12.1 percent and a backlog of $62 billion.

Thirty-six percent of that segment’s backlog represents orders from international customers, Boeing said.

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