Latest news with #BDS
Yahoo
7 hours ago
- Business
- Yahoo
Boeing Co (BA) Q2 2025 Earnings Call Highlights: Strong Revenue Growth Amidst Challenges
Revenue: $22.7 billion, up 35% year-over-year. Core Loss Per Share: $1.24, showing significant improvement from the previous year. Free Cash Flow: Usage of $200 million, better than expectations due to higher commercial delivery volume and favorable timing of CapEx. Commercial Airplane Deliveries: 150 airplanes in the quarter, 280 in the first half of the year. BCA Revenue: $10.9 billion with an operating margin of -5.1%. BCA Backlog: $522 billion, up more than $60 billion sequentially. BDS Revenue: $6.6 billion, up 10% year-over-year. BDS Operating Margin: 1.7%, showing significant improvement. BGS Revenue: $5.3 billion, up 8% year-over-year. BGS Operating Margin: 19.9%, up 210 basis points compared to last year. Debt Balance: $53.3 billion, down $300 million in the quarter. Cash and Marketable Securities: $23 billion. Warning! GuruFocus has detected 6 Warning Signs with BA. Release Date: July 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Boeing Co (NYSE:BA) announced its largest wide-body order ever for up to 210 commercial airplanes, indicating strong market demand. The company delivered 150 commercial jets in the quarter, marking the most deliveries in the second quarter since 2018. Boeing Co (NYSE:BA) achieved a production rate of 38 airplanes per month for the 737 and is on track to request an increase to 42 per month. The 787 program successfully increased its production rate to seven airplanes per month, with stable key performance indicators. Boeing Global Services (BGS) delivered strong financial results with a 19.9% operating margin, reflecting improved commercial and government volume. Negative Points The 737-7 and -10 certification is delayed to 2026 due to prolonged technical solution development for engine anti-ice. Boeing Co (NYSE:BA) reported a core loss per share of $1.24, despite improvements compared to the previous year. Free cash flow was a usage of $200 million in the quarter, reflecting ongoing challenges in working capital management. The 777X program continues to grow inventory as it moves towards entry into service, impacting financials. Boeing Defense and Space (BDS) margins remain low, with ongoing challenges in stabilizing fixed-price development programs. Q & A Highlights Q: Can you explain the $2 billion better performance in free cash flow for the second quarter and how it affects the full-year target? A: Brian West, CFO, explained that the $3 billion figure is a reasonable assumption for the year. The first half free cash flow usage of $2.5 billion exceeded expectations, with the second quarter usage of $200 million being better than anticipated. This was driven by better BCA delivery performance and timing items, including an incremental $700 million from 13 777 deliveries. The third quarter is expected to mirror the second quarter, with a potential $700 million one-time DOJ payment. The fourth quarter is anticipated to be positive, setting up for a strong 2026. Q: How do recent trade agreements and tariffs impact Boeing's order momentum and pricing? A: Kelly Ortberg, CEO, noted that recent trade agreements have been beneficial, particularly the Japan agreement, which includes zero tariffs on imports. The order environment is strong, and Boeing is managing pricing to reflect the constrained environment, which helps offset inflationary cost growth. The focus remains on avoiding retaliatory tariffs with China and maintaining favorable trade terms with Mexico and Canada. Q: What are the long-term production rate plans for the 737 MAX and 787, given the strong demand? A: Kelly Ortberg stated that Boeing is stabilizing the 787 production at seven per month and plans to increase rates as market demand is strong. For the 737 MAX, the current rate is 38 per month, with plans to increase in increments of five, no earlier than six months apart, pending FAA discussions. The focus is on maintaining stability and high-quality production. Q: Can you provide an update on the engine anti-icing issue with the 737-7 and -10? A: Kelly Ortberg explained that the delay is due to unresolved design issues affecting airflow into the engines. The engineering designs have not met expectations, requiring additional design changes to meet de-icing requirements. The certification is now expected in 2026. Q: How is Boeing addressing the challenges in Boeing Defense and Space (BDS) and what is the outlook for margin improvement? A: Kelly Ortberg highlighted that BDS is focused on stabilizing production and executing development programs. Recent contract wins have been cost-plus, avoiding past mistakes of fixed-price development contracts. The goal is to return to high single-digit margins, with active management and derisking of programs being key strategies. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Hindustan Times
2 days ago
- Politics
- Hindustan Times
SC questions Gr Noida varsity delay in reporting student suicide, calls for ‘lawful' probe
New Delhi The bench refused to pass any further order, directing the probe to proceed. (Representative photo) The Supreme Court on Monday called for the probe into student suicide deaths at Sharda University and IIT Kharagpur to proceed 'expeditiously, in accordance with the law', while questioning the silence of Sharda University in reporting the incident and directing IIT Kharagpur to ascertain the reason for four student deaths at the institute over the past seven months. A bench of justices JB Pardiwala and R Mahadevan had taken suo motu cognisance of the two incidents as part of its broader directions passed in March for setting up a National Task Force (NTF) to identify causes behind increasing student suicides. 'We are doing this for our children, our progeny,' it said, as it took up responses filed by the two educational institutions explaining their conduct. The court was informed by amicus curiae senior advocate Aparna Bhat that in the Sharda University case, the complaint was lodged by the student's parent after two hours had lapsed since the discovery of the body at the college hostel room on July 18. Bhat pointed out that the father was informed of the incident by students, and that the management failed to inform the police and parents. 'You (management) should have informed…Was it not your duty to immediately inform the police and parents?' the bench asked senior advocate Shyam Divan, appearing for the university. The amicus curiae told the court that a note left by the student, a 24-year-old second-year Bachelor of Dental Surgery (BDS) student, led to the arrest of two members of the faculty. The bench refused to pass any further order, while noting, 'Our concern was the investigation should proceed. We will not say anything further as it may prejudice the investigation.' The court also sought to know the progress of the investigation into the death reported from IIT Kharagpur. The amicus pointed out that the IIT administration had informed the police after they discovered that a fourth-year student had committed suicide in the hostel room. The incident took place soon after he joined classes upon returning from vacation at home. The court said, 'What is wrong with IIT Kharagpur? Why are students committing suicide? Have you given it any thought?' Senior advocate MR Shamshad, appearing for the IIT administration, told the court that a 10-member committee has been constituted to probe the present incident. He said that, in addition, a 12-member counselling committee was established by the institute for students to report their problems. Bhat informed the court that she could not carry out a spot visit to IIT Kharagpur, but confirmed that a complaint was lodged, converted into an FIR, and an investigation is ongoing. 'Let investigation in both matters proceed expeditiously in accordance with law and in the right direction,' the court said in its order, while posting the matter after four weeks. In March, the court constituted a National Task Force (NTF) to probe into the larger issue of student suicides across the country and the systemic changes required to address this issue. The NTF is headed by former Supreme Court judge S Ravindra Bhat and is expected to submit its preliminary report in September.
Indian Express
2 days ago
- Indian Express
BDS student suicide case: NCW seeks report from Sharda University, urges UP top cop to conduct timely probe
The National Commission for Women (NCW) has taken suo moto cognizance of media reports on the death of a second-year BDS student allegedly by suicide following harassment by faculty members at Sharda University. The NCW has directed the university to submit an Action Taken Report (ATR) within three working days. 'The university has been given time till Tuesday to submit the action report, as the order was issued on Friday by the women's commission. Only after the given time for report submission, any further decision will be taken by the commission,' said an official of the NCW. In a letter addressed to the Director General of Police, Uttar Pradesh, NCW Chairperson Vijaya Rahatkar had called for a fair and timely investigation and demanded immediate support for the student's family. 'On this serious matter, the Chairperson of the Commission has instructed the Director General of Police of Uttar Pradesh to ensure a fair and timely investigation. Also, all necessary assistance should be provided immediately to the family of the victim. A detailed action report should be submitted to the Commission within three days,' read the letter. Meanwhile, officials at the university said on Monday that the Internal Complaints Committee (ICC) of the university had not compiled the investigation report, which was expected to come out by July 25. The report, officials said, will be made public by the committee on Tuesday. 'The family's statement for the report compilation had taken too long, hence there is a delay in the report submission,' said the university spokesperson. A five-member high-level Internal Complaints Committee (ICC) was formed to investigate the matter. Last week, officials at the varsity had told The Indian Express that there was a gap between the theory and practical implementation of student counselling mechanisms. The student, who was found dead in her hostel room on July 18, had named two faculty members in her suicide note, leading to their arrest for alleged 'harassment'. In the purported suicide note, the BDS student, Jyoti, wrote that she was humiliated and mentally harassed. She had said that she had been feeling stressed for a long time. 'I am sorry. I cannot live like this anymore. I can't,' read the note. The Noida Police earlier lodged an FIR under sections 108 (abetment of suicide), 238 (disappearance of evidence), 79 (insult the modesty of a woman), 352 (breach of peace), and 351(2) (criminal intimidation) of the Bharatiya Nyaya Sanhita. Neetika Jha is a Correspondent with The Indian Express. She covers crime, health, environment as well as stories of human interest, in Noida, Ghaziabad and western UP. When not on the field she is probably working on another story idea. On weekends, she loves to read fiction over a cup of coffee. The Thursday Murder club, Yellow Face and Before the Coffee Gets Cold were her recent favourites. She loves her garden as much as she loves her job. She is an alumnus of Asian College of Journalism, Chennai. ... Read More
Al Bawaba
3 days ago
- Entertainment
- Al Bawaba
Palestinian Mohammed Assaf rebuked for participation in Carthage festival
ALBAWABA - Palestinian singer Mohammed Assaf was heavily rebuked for his intention to participate in Tunisia's International Festival of Carthage. As part of the 59th Carthage festival, Palestinian artist Mohammed Assaf is preparing to perform a major concert on the evening of July 27, under the slogan "For Gaza." According to the media, the concert is expected to blend music with humanitarian values and solidarity with the Palestinian people. However, despite that, Assaf landed in hot water by his fans for major principles. One of the main reasons that Mohammed Assaf was criticized for was that the Carthage festival is sponsored by many companies and brands, including "Carrefour Tunisia". It is worth noting that the Carrefour group is under a huge boycott campaign by pro-Palestinian activists over its links to Israel. Another reason was that due to the harsh situation and the starvation in Gaza due to the blockade imposed by the Israeli army, banning humanitarian aid from entering the strip. Many fans attacked Assaf in the comments, saying: "What a shame," "So you're going to relieve them while you're singing????" and "How will the people of Gaza benefit from the concert? Explain to me, I can't understand." Another wrote: "How can you sing and dance while the people of Gaza are in this situation? I am Palestinian and humiliated by you." According to the BDS website, Carrefour, the French group, is a franchise partnership with Electra Consumer Products (ECP) and its retail subsidiary, Yenot Bitan, both active in the illegal Israeli settlement enterprise. The International Festival of Carthage is an annual music festival taking place in July and August since 1964 in the coastal city of Carthage, Tunisia.
Hindustan Times
4 days ago
- Hindustan Times
Rajasthan: Dental College in Udaipur expels two faculty after student's suicide sparks protests
Protests broke out at the campus of a dental college in Rajasthan's Udaipur after a final year MBBS student from Jammu and Kashmir was found dead in her hostel room earlier this week. The deceased student had alleged mental harassment by the college staff. Hundreds of students at the Pacific Dental College and Hospital in Udaipur protested by raising slogans and demanding justice.(X/ @ANI) Throughout the day, hundreds of students at the Pacific Dental College and Hospital in Udaipur protested by raising slogans and demanding justice for the final year Bachelor of Dental Science (BDS) student who was found dead in her room on Thursday. A consensus was reached this evening on the second day of protests by students. At around 5 pm, the university management after a day-long discussion with protesting students and their families reached a consensus on removing two college employees and taking legal action by filing a police case against them. Udaipur's Sukher police station officer, Ravindra Charan, stated that the protest has been ongoing for two days. A lengthy reconciliation discussion took place between the family and the university in the presence of the police on Saturday, following which a case was registered based on legal considerations. The body of the deceased was then taken out of the college and a postmortem was conducted after which it was handed over to her relatives. The relatives took the body to their ancestral village in Doda district of Jammu and Kashmir. The deceased student's father said, "My daughter was selected for this college through the PMSSS (Prime Minister's Special Scholarship Scheme). Everything was going fine. However, the college may have required additional fees for the final exams were going to be they (the college administration) had told me, I would have fulfilled their demand. I would have arranged the money anyhow." He further said, "They should have made their demands to the parents, not to the children...I want justice. Something like this should never happen to any other student," the father of the final-year Bachelor of Dental Surgery student alleged. The student was found hanging in her college hostel room in Bheelon Ka Bedla in Udaipur. In a purported note she left behind the student accused the college management of arbitrary collection of money in the name of attendance and examination. She alleged that "Bhagwat Singh and Naini Maam" harrassed and tortured students demanding money in the name of attendance.
