- EPS: $3.06 vs. $2.89 expected by Thomson Reuters
- Revenue: $25.37 billion vs. $24.69 billion expected by Thomson Reuters
Boeing expects to bring in revenue of between $96 billion to $98 billion this year, while earning between $15.90 and $16.10 per share.
Each of Boeing's three businesses saw an increase in its backlog of orders, bringing the company's total backlog up to $488 billion.
The commercial airplanes division booked another 912 orders, bringing its backlog of commercial aircraft orders to 5,864 — an all-time high. Boeing began production on its highly-anticipated 777X flight test plane with the long-range jet due to enter service in 2019. Orders for the company's backbone 737 MAX series also surpassed 4,300 at the end of the quarter.
Boeing's defense business finished the year with $50 billion in orders on the books, with 40 percent coming from international customers. The division, which also includes Boeing's space and security businesses, delivered 42 aircraft and one satellite last quarter. Production problems in the third quarter had racked up $329 million in costs for the KC-46 tanker program but Boeing says it plans to deliver the first 18 aircraft to the Air Force this year.
Finally, Boeing's global services business ended 2017 with $6 billion in orders. The company says it expects the business is worth at least $2.6 trillion over the next decade as maintenance and parts demand continues to rise for Boeing aircraft.
Talks of a partnership with Embraer surfaced in December. Such a venture could see Boeing and the Brazilian airplane manufacturer cooperate to strengthen the former company's regional jet offerings. The companies cautioned in a joint release any deal would be subject to the Brazilian government, regulators and each companies' boards and shareholders.
"We're interested in a business combination because we see strong strategic value and clear synergy in a number of areas," CEO Dennis Muilenburg said of the Embraer talks during a conference call with investors.
The company's stock has risen 109 percent in the last 12 months, as of Monday's closing price of $340.82 per share.
Boeing hit an all-time high of $360.97 per share in early trading Wednesday, beating its previous high of $352.23 hit on Jan. 17.