![]() Raytheon Technologies Corporation’s RTX second-quarter 2023 adjusted earnings per share of $1.29 beat the Zacks Consensus Estimate of $1.17 by 10.3%. Also, the top line witnessed an improvement of 15.6% from the year-ago quarter’s $393 million. Net sales totaled $454 million, which beat the Zacks Consensus Estimate of $445 million by 2.2%. The bottom line improved 51.5% from the year-ago quarter’s level of 33 cents. Hexcel Corporation HXL reported second-quarter 2023 adjusted earnings of 50 cents per share, which beat the Zacks Consensus Estimate of 48 cents by 4.2%. The top line rose 8.1% from $15.45 billion registered in the year-ago quarter. Net sales amounted to $16.69 billion, which surpassed the Zacks Consensus Estimate of $15.86 billion by 5.3%. The bottom line also improved 6.5% from the year-ago quarter's figure. Lockheed Martin Corporation LMT reported second-quarter 2023 adjusted earnings of $6.73 per share, which surpassed the Zacks Consensus Estimate of $6.43 by 4.7%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Zacks Rankīoeing currently carries a Zacks Rank #3 (Hold). The company’s operating cash flow as of Jun 30, 2023, was $2,557 million against cash outflow of $3.14 billion at the end of second-quarter 2022.įree cash flow totaled $1,793 million at the end of second-quarter 2023 against free cash outflow of $3.75 billion at the end of second-quarter 2022. The unit incurred an operating loss of $527 million against an operating income of $71 million in the year-ago quarter.īDS recorded a backlog of $58 billion, 31% of which comprised of orders from international clients. ![]() This was primarily driven by lower defense deliveries. The backlog for this segment remained healthy, with more than 4,800 airplanes valued at $363 billion.īoeing Defense, Space & Security (BDS): The segment recorded revenues of $6.17 billion, indicating a year-over-year decline of 0.4%. The segment incurred an operating loss of $383 million compared with an operating loss of $219 million in the year-ago quarter.īoeing delivered 136 commercial planes during the quarter under review, up 12% year over year. Segmental PerformancesĬommercial Airplane: Revenues at this segment increased 41% year over year to $8.84 billion, driven by higher 787 deliveries. Total Backlogīacklog at the end of the second quarter was $439.56 billion, up from $411.45 billion recorded at the end of first-quarter 2023. ![]() This improvement was driven by higher year-over-year revenues registered by the company’s Commercial Airplanes and Global Services business units. The top line also improved 18% from the year-ago quarter’s reported figure of $16.68 billion. The Boeing Company price-consensus-eps-surprise-chart | The Boeing Company Quote Revenuesīoeing’s revenues amounted to $19.75 billion, which beat the Zacks Consensus Estimate of $18.46 billion by 7%. The Boeing Company Price, Consensus and EPS Surprise
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