Boeing Reports Positive Earnings and Record Backlog for 2007

(NewsVisual, powered by IntellectSpace) -- During a year when American companies in the financial sector were sustaining billions of dollars in record losses, The Boeing Company (NYSE: BA) had an increase in full-year net income of 84 percent to $4.1 billion, the company said in a statement.

The company’s fourth-quarter revenue grew to $17.5 billion that resulted in $1.36 in earnings per share, while the stock garnered $5.28 per share for 2007.

It also reported that its backlog reached a record $327 billion.

In addition, Boeing also took several steps during the fourth-quarter to shore up its share price: it repurchased 9.4 million shares for a price of $890 million; it also decreased consolidated debt by 5 percent.

“Our 2007 results demonstrate the kind of quality financial performance we can achieve through our simultaneous focus on growth and productivity,” said CEO/President/Chairman Jim McNerney in the statement.

“We added substantial backlog, made major efficiency gains, and executed well on our production and services programs.  Despite some development program challenges, we are a strong company growing stronger, and we expect continued improvement in our financial results in 2008 and beyond.”

The markets appeared to greet Boeing’s earnings statement with enthusiasm.  The company’s share value was up from the previous close of $80.96 to $81.59 in mid-morning trading (10:19am ET).

NewsVisual created an IntellectSpace Knowledge Map in order to illustrate who currently sat on the company’s Board of Directors and whether they were likely to offer its Management Team sound business advice into the future.

The Knowledge Map shows that most of the current Directors are involved with other companies, and thus are likely to understand the business climate and what the trends are in business planning.

In particular, the following Boeing Directors serve on the Boards of Directors for two or more companies:

Director Rozanne L Ridgeway serves on the boards of Sara Lee Corp, the 3M Co, and Manpower Inc; Director Arthur D Collins is the CEO/Chairman of Medtronic Inc and a Director at U.S. Bancorp and Cargill Inc; Director Kenneth M Duberstein is the CEO/Chairman of the Duberstein Group and a Director at ConocoPhillips and St. Paul Travelers Companies; and Director John E Bryson is the CEO/President/Chairman of Edison International and a Director at The Walt Disney Co.

(Note: the information contained and presented in Knowledge Maps is public information from the Securities and Exchange Commission of the United States of America).

Click here or copy this link into your Internet Explorer browser for an interactive version of this IntellectSpace Knowledge Map: http://nv.intellectspace.com/ispace/GuestMonitor.aspx?id=f8f055d6-68aa-4ded-8b44-97b9c33df192