Boeing increased profit by 24% in 2018


The net profit of the largest aircraft manufacturer Boeing grew by 24% in 2018 and amounted to $10.46 billion. In terms of share, the net diluted earnings rose to $17.85 compared to $13.85 in 2017. Boeing's revenue growth was 8% - to $101.127 billion. In the fourth quarter of 2018, the company increased its profit by 3% to $3.424 billion. Earnings per share rose to $5.93 against $5.49 over the earnings period of 2017. Analysts had predicted a decline to $4.58 per share. The company increased its revenue by 14% in the fourth quarter to $28.341 billion. In 2019, Boeing expects further profit growth to $21.9-22.1 per share. The company's CEO, Dennis Muhlenberg, believes that customer focus and teamwork have allowed to achieve a leading position in the aerospace industry.

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