On April 25, Boeing (NYSE:BA) released Q1 2006 earnings for the period ended March 31, 2006.

  • Boeing exceeded first-quarter analyst expectations, earning $0.88 during the quarter on sales of $14.3 billion.
  • The company reported an increase of 42% in its backlog, to $213 billion, reflecting over 1,000 airplane orders in 2005 and 176 orders received during this quarter.
  • Boeing reaffirmed its previous guidance for 2006 and 2007, with 2006 revenue expected to be $60 billion, and 2007 revenue expected to be between $63.5 billion and $64.5 billion. EPS for 2006 is expected to be between $3.25 and $3.45, and 2007 EPS is forecasted to be between $4.10 and $4.30.

(Figures in millions, except per-share data)
Income Statement Highlights

Avg. Est.

Q1 2006

Q1 2005

% Change

Sales

$1,453

$14,264

$12,681

12.5

Net Profit

--

$692

$535

29.3

EPS

$0.76

$0.88

$0.66

33.3



Get back to basics with a look at the income statement.
Margin Checkup

Q1 2006

Q1 2005

% Change

Gross Margin

20.05%

18.12%

1.93

Op. Margin

7.96%

5.99%

1.96

Net Margin

4.85%

4.22%

0.63



Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q1 2006

Q1 2005

% Change

Cash+ ST Invest.

$7,357

$3,497

110.4

Inventory

$7,627

$6,079

25.5

Accounts Rec.

$5,019

$5,316

(5.6)



Liabilities

Q1 2006

Q1 2005

% Change

Long-Term Debt

$9,057

$10,782

(16)

Accounts Pay.

$16,719

$15,338

(9)



Learn the ways of the balance sheet.

Cash Flow Highlights

Q1 2006

Q1 2005

% Change

Cash From Ops

$2,055

$1,405

+46.3%

Capital Expend.

$412

$278

+48.2%

Free Cash Flow

$1,643

$1,127

+45.8%



Find out why Fools always follow the money.

Related Companies:

  • Alliant Techsystems (NYSE:ATK)
  • Analex Corp (AMEX:NLX)
  • Embraer (NYSE:ERJ)
  • Lockheed Martin (NYSE:LMT)
  • Northrop Grumman (NYSE:NOC)
  • Raytheon (NYSE:RTN)

Related Links:

Embraer is a Motley Fool Stock Advisor pick. Take the newsletter dedicated to the best of David and Tom Gardner's picks for afree 30-day test drive.

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.

At the time of publication, Shruti Basavaraj owned no shares of any company mentioned above. Fool rules are here.