Boeing’s turnaround gains traction with strong Q2 ahead of CFO change

Good morning. Turning around a company is no small feat—it requires a sustained, collective effort. The Boeing Company is one to watch, as it appears to be making progress after years of safety and leadership issues.

CFO Brian West concluded his final earnings call on Tuesday, reporting strong Q2 results: revenue rose 35% year over year to $22.7 billion—driven primarily by higher commercial aircraft deliveries—and topped forecasts. Boeing reported an adjusted (core) loss per share of $1.24, less than the anticipated $1.31 to $1.40 per share. Free cash flow also exceeded expectations, helped by robust commercial deliveries.

West will step down in mid-August and become a senior advisor to CEO Kelly Ortberg, the company announced earlier this month. Jesus “Jay” Malave, most recently Lockheed Martin’s CFO, will succeed him on Aug. 15.

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