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Boeing Q3 Earnings Preview: Financial Struggles Set To Deepen, Yet Positive Labor Vote Outcome Could Offer Relief

Boeing Co. (NYSE:BA) will report its third-quarter 2024 earnings on Wednesday, Oct. 23, ahead of the market opening.

The report comes as the company continues to grapple with significant financial pressures and a high-stakes labor vote that could end a 41-day strike.

The aerospace giant is expected to post an adjusted loss per share of $8.11, with revenues projected at $17.9 billion, as per Benzinga Pro estimates, underscoring the challenges Boeing faces across its commercial and defense segments.

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Boeing Labor Vote Could End Strike

Union members from the International Association of Machinists and Aerospace Workers (IAM 751) are set to decide whether to accept a new labor deal that could bring an end to the work stoppage.

The strike, which began on September 13 after workers rejected a previous proposal, has halted production at key Boeing facilities and disrupted supply chains.

The latest labor proposal, announced on Oct. 19, offers wage increases of 35% over the contract's duration, which extends through September 2028.

Workers would also receive a one-time ratification bonus of $7,000. Boeing has agreed to contribute $5,000 to employees’ 401(k) plans, while also matching employee contributions up to 8% of their annual pay.

By the end of the contract, ...