Spirit AeroSystems Hlds

Spirit AeroSystems Holdings, Inc. engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates through the following segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment designs and manufactures forward, mid, and rear fuselage sections which related to floor beams, nacelles, struts and pylons, horizontal and vertical stabilizers, flaps and slats and wing structures. The Defense & Space segment offers fixed wing aircraft aerostructures, missiles and hypersonics and rotorcraft aerostructure. The Aftermarket segment includes development, production, and marketing spares and repair and overhaul (MRO) services related to commercial and defense & space program. The company was founded in 2005 and is headquartered in Wichita, KS.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Spirit AeroSystems reports revenue growth amidst challenges, focuses on optimization

Spirit AeroSystems navigated challenges in 2022 with a focus on revenue growth, cost reduction, and production optimization. The company's performance in the Defense & Space segment was a highlight, contributing to a positive outlook. Despite facing supply chain and labor issues, Spirit AeroSystems remains proactive in addressing challenges and pursuing opportunities for growth.

Spirit AeroSystems tackles quality issues, eyes production improvements amid challenges

Spirit AeroSystems addresses quality issues, focuses on production standards, and strengthens relationships with Boeing. Despite challenges, the company is leveraging opportunities to enhance operations and financial performance.

Spirit AeroSystems reports Q2 revenue growth but faces supply chain challenges

Spirit AeroSystems faced challenges with supply chain disruptions impacting profitability, leading to negative free cash flow projections for the year.
Despite these challenges, the company demonstrated strengths in Defense & Aftermarket segments with strong revenue growth and operating margins.
Opportunities lie in increasing production rates, addressing supply chain issues, and focusing on operational execution for improved profitability and cash flow.
Overall, Spirit AeroSystems aims to stabilize its supply chain, increase production rates, and enhance financial health amidst industry challenges and forward losses.

Spirit AeroSystems reports revenue growth and positive impacts from Boeing agreement

Spirit AeroSystems' Q3 performance showed revenue growth and financial impacts from the Boeing agreement. The company faces challenges with disruptions, labor issues, and potential Airbus program impacts. Opportunities include positive cash flow projections and resolving negotiations with Airbus.

Spirit AeroSystems reports strong Q4 performance amidst challenges and opportunities

Spirit AeroSystems demonstrated robust financial performance in Q4 2023, driven by revenue growth, positive EPS, and operational improvements in production and quality.
While facing challenges such as forward losses and cash flow impacts, the company is focused on leveraging opportunities like debt reduction and quality-driven incentives for future growth.
Strategic initiatives in product safety, innovation, and cost management position Spirit AeroSystems for long-term success and operational excellence in the aerospace industry.

Spirit AeroSystems reports revenue growth, faces challenges in Airbus negotiations

Spirit AeroSystems reported improved revenue and operational performance in Q1 2024, with a focus on safety, quality, and financial stability.
Challenges include negotiations with Airbus, cash usage impact from production disruptions, and labor scarcity in key locations.
Opportunities lie in discussions with Boeing for potential acquisition, securing supply agreements with Airbus, and enhancing operational efficiency.
Overall, Spirit AeroSystems' strategic initiatives aim to address challenges, leverage strengths, and capitalize on growth opportunities for long-term success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Spirit AeroSystems Holdings, Inc. engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates through the following segments: Commercial, Defense and Space, and Aftermarket. The Commercial segment designs and manufactures forward, mid, and rear fuselage sections which are related to floor beams, nacelles, struts and pylons, horizontal and vertical stabilizers, flaps and slats, and wing structures. The Defense and Space segment offers fixed wing aircraft aerostructures, missiles and hypersonic, and rotorcraft aerostructure. The Aftermarket segment includes development, production, and marketing spares and repair and overhaul services related to commercial and defense and space program. The company was founded in 2005 and is headquartered in Wichita, KS.

Spirit Aerosystems (SPR) reported earnings 30 days ago. What's next for the stock?

Why Is Spirit Aerosystems (SPR) Down 0.9% Since Last Earnings Report?

Airbus SE

The head of European planemaker Airbus said talks to finalise the takeover of part of troubled U.S. aerostructures supplier Spirit Aerosystems were going smoothly but that bringing it into Airbus would "not be a walk in the park".

Airbus CEO says Spirit Aero talks going well but industrial challenges lie ahead

WICHITA, Kan. , Nov. 18, 2024 /PRNewswire/ -- Today, Spirit AeroSystems Holdings, Inc. (NYSE: SPR) ("Spirit," "Spirit AeroSystems" or the "Company") announces a purchase agreement to sell Fiber Materials, Inc ("FMI") business based in Biddeford, Maine, and Woonsocket, Rhode Island, to Tex-Tech Industries, Inc. ("Tex-Tech") for $165,000,000 in cash, subject to customary adjustment.

Spirit Announces Purchase Agreement with Tex Tech Industries for Intended Sale of Fiber Materials, Inc. (FMI)

WICHITA, Kan., Nov. 12, 2024 /PRNewswire/ -- Spirit AeroSystems (NYSE: SPR) today announces a Second Amended and Restated Memorandum of Agreement with Airbus, in which Airbus has agreed to provide Spirit a non-interest-bearing line of credit in an amount of $107 million.

Spirit AeroSystems Announces Second Amended and Restated Memorandum of Agreement with Airbus

Airbus is poised to finalise an agreement as early as Wednesday with struggling aerospace supplier Spirit Aerosystems on fresh funding and revised payment terms, a person familiar with the matter said.

Airbus nears deal on funding, payment terms with Spirit Aero, source says

WICHITA, Kan. , Nov. 12, 2024 /PRNewswire/ -- Spirit AeroSystems (NYSE: SPR) today announces an Advance Payments Agreement with Boeing, in which Boeing has committed to pay Spirit, as advance payments, up to a total of $350,000,000.00 to produce Boeing products at the rates required by Boeing.

Spirit AeroSystems Announces Advance Payments Agreement with Boeing

Boeing

Spirit AeroSystems and Boeing are close to reaching a funding agreement that would give a cash lifeline to the struggling Boeing supplier, an industry source familiar with the matter said.

Exclusive: Boeing close to funding agreement to help supplier Spirit Aero, source says

Spirit AeroSystems might need more help from Boeing.

Boeing Supplier Spirit Aero Adds Another Worry to the Stock's Turnaround Story

Aircraft-parts supplier Spirit AeroSystems Holdings Inc. on Tuesday said that there was “substantial doubt” about its ability to keep running as a “going concern,” as losses, debt, and difficulties at jet maker Boeing Co. pile up.

Boeing supplier Spirit AeroSystems says there's ‘substantial doubt' about its ability to keep operating

U.S. supplier Spirit AeroSystems said on Tuesday in a quarterly filing that substantial doubt exists about the company's ability to continue as a going concern.

Spirit Aero raises doubts over ability to continue as going concern

Spirit AeroSystems is weighing furloughs or layoffs of hundreds more employees if the Boeing machinists' strike stretches beyond Nov. 25, a company spokesman told CNBC Thursday. More than 32,000 Boeing machinists walked off the job on Sept.

Spirit AeroSystems weighs hundreds more furloughs or layoffs if Boeing strike goes beyond Nov. 25

General Electric

Raytheon Technologies

Boeing workers rejected a deal to end the strike for the second time, late Wednesday.

Spirit AeroSystems Gets Hit By Boeing Strike. What Is Means for GE, RTX and Other Suppliers.

While the top- and bottom-line numbers for Spirit Aerosystems (SPR) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Spirit Aerosystems (SPR) Reports Q3 Earnings: What Key Metrics Have to Say

Spirit Aerosystems (SPR) came out with a quarterly loss of $3.03 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $1.42 per share a year ago.

Spirit Aerosystems (SPR) Reports Q3 Loss, Lags Revenue Estimates

U.S. supplier Spirit AeroSystems will implement a 21-day furlough for approximately 700 employees working on the 767 and 777 programs, effective Oct. 28, the company said on Wednesday.

Spirit Aero to implement a 21-day furlough for approximately 700 employees

WICHITA, Kan. , Oct. 23, 2024 /PRNewswire/ -- Third Quarter 2024 Revenues of $1.5 billion EPS of $(4.07); Adjusted EPS* of $(3.03) Cash used in operations of $276 million; Free cash flow* usage of $323 million Spirit AeroSystems Holdings, Inc. (NYSE: SPR) ("Spirit," "Spirit AeroSystems" or the "Company") reported third quarter 2024 financial results.

Spirit AeroSystems Reports Third Quarter 2024 Results

Spirit AeroSystems is furloughing 700 employees due to the impact of the strike by Boeing's machinists.

Boeing's labor strike is forcing this company to send hundreds of employees home

Production of Boeing's 767 and 777 widebody jets was halted during the strike by more than 33,000 West Coast factory workers that started on Sept. 13.

Spirit Aero to furlough 700 workers for 21 days due to Boeing strike

WICHITA, Kan. , Oct. 18, 2024 /PRNewswire/ -- Spirit AeroSystems (NYSE: SPR) today announces employee furloughs in response to the ongoing strike by Boeing employees represented by the International Association of Machinists and Aerospace Workers that began on September 13.

Spirit AeroSystems Announces Furloughs

Spirit AeroSystems will furlough some 700 workers. The Boeing supplier had been scrambling to cut costs after more than 32,000 Boeing machinists walked off the job Sept.

Spirit AeroSystems to furlough 700 workers as Boeing machinist strike continues

Spirit AeroSystems will tell employees on Friday that it will furlough 700 workers for 21 days as an over month-long strike at U.S. planemaker Boeing eats into the supplier's cash and inventory space, a spokesperson told Reuters.

Exclusive: Spirit Aero to furlough 700 workers for 21 days due to Boeing strike

Airbus is facing concerns over supplies of key structural parts for its largest and smallest jets from Spirit AeroSystems , part of a cascade of supply chain problems challenging growth in deliveries, several industry sources said.

Airbus faces pressure over supplies from Spirit Aero, sources say

Key Boeing supplier Spirit AeroSystems is reviewing its contingency plans regarding furloughs, company spokesperson Joe Buccino said on Thursday, adding that no decisions has been made at this time.

Spirit Aero reviewing contingency plans regarding furloughs amid Boeing strike

Spirit Aerosystems will begin furloughs in three weeks if a strike at its biggest customer Boeing continues, the Financial Times reported on Wednesday.

Spirit to begin furloughs in 3 weeks if strike at Boeing continues, FT reports

U.S. supplier Spirit AeroSystems is investigating years of record-keeping of parts for multiple plane programs, after discovering cases of missing and duplicate paperwork, two industry sources told Reuters.

News for Spirit AeroSystems Hlds Stock (SPR)