NEWS DESK Boeing also projected earnings of $8.45 to $8.65 a share
and “core” earnings, the figure followed by investors, of $8.15 to $8.35 a share. The company’s 2016 revenue forecast is $93 billion to $95 billion, lower than 2015’s $96.1 billion.
Boeing also said in January it will cut output of 747-8 56/(45&/ $"3#*%& 500-*/( r 8&"3 1"354 r 41&$*"-5: $0.10/&/54
aircraft to 0.5 a month from one a month starting in Sep- tember. The aircraft maker cited a slowdown in the air cargo market. The company absorbed costs of $569 million, or 84 cents a share, related to the move. That contributed to a decline in fourth-quarter profit to $1.03 billion, or $1.51 a share, from $1.47 billion, or $2.02 a year earlier. Revenue for the quarter slid to $23.6 billion from $24.5 billion. Also affecting quarterly earnings was a decline in commercial aircraft deliveries to 182 from 195 in the fourth quarter of 2014.
Manufacturing generally slowed during 2015 as a strong dollar made US-produced goods more expensive and economic growth in China, a key market for major manufacturers, let off the accelerator. Aerospace and auto- motive have been bright spots. For all of 2015, Boeing posted
a profit of $5.18 billion down from 2014’s $5.45 billion. The 2015 per- share profit was higher, $7.44, com- pared with 2014’s $7.38. —Senior Editor Bill Koenig
Mona Pappafava-Ray President & CEO
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AdvancedManufacturing.org | March 2016
PwC Urges Adoption of New Manufacturing Technologies
anufacturers need to embrace technology such as “connected” factories, 3D printing and “cobot- ics,” despite a slowing manufacturing economy, Pricewaterhouse Coopers said in a report.
TM
“Manufacturing may be facing some headwinds, but it’s undeniably in the midst of a technological renaissance that is transforming the look, systems, and processes of the modern factory,” the consulting company said in an an- nual report about manufacturing trends issued in January.
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