|Boeing's transformation and shareholder
When Boeing says it's committed to increasing shareholder value, what
exactly does that mean? And how is the company going about doing it? Part
of the answer lies in the strategy set in motion six years ago to transform
Boeing into a broad-based aerospace company. But first, a reminder about
what shareholder value is all about.
1Q earnings: solid performance despite
Boeing reported increased revenues and reduced earnings in the first
quarter of 2002. Quarterly revenues totaled $13.8 billion, up 4 percent
from the previous-year period. Net earnings for the period totaled $602
million, excluding non-recurring items and adoption of a new accounting
standard, on operating margins of 7.4 percent. During the previous-year
period, the company reported net earnings before non-recurring items of
$761 million, on operating margins of 9.2 percent.