Boeing Posts a Strong 3rd Quarter

Late yesterday, Boeing, the world’s second largest commercial aircraft manufacturer by deliveries, reported its results for the 3rd quarter of calendar year 2012. The Seattle-based original equipment manufacturer(OEM) reported a net profit of $1.03 billion ($1.35 per share) on revenues of more than $20 billion.

Revenues grew 13%  versus Q3 2011, driven primarily by a 28% growth in revenue at Boeing Commercial Airplanes (BCA). The commercial unit delivered 149 aircraft versus 127 in Q3 2011.

While Boeing’s net margin fell from 6.1% to 5.2%, its financial results beat consensus analyst projections of $1.12-$1.15, driven in part by better than expected improvement in margins on the 787 program.