Boeing reported that fourth-quarter net income rose to $1.4bn, on revenue of $19.6bn. The results reflect continued strong core performance across the company’s businesses, a $0.52 per share impact related to a favorable tax settlement, and higher pension expense. Fourth-quarter 2010 results included a $0.50 per share favorable tax settlement.
Net income for the full year increased to $4.0bn, on revenue of $68.7bn, which included the impact of the favorable tax settlement ($0.53 per share for the year). Full-year 2010 results included the $0.50 per share favorable tax settlement and a $0.20 per share tax charge resulting from health care legislation.
Earnings guidance for 2012 has been established at between $4.05 and $4.25 per share reflecting solid core performance and higher pension expense. Revenue guidance for 2012 is between $78 and $80 billion.
