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.

WICHITA, Kan.--(BUSINESS WIRE)--Spirit AeroSystems Holdings, Inc. (NYSE: SPR) will release its first quarter 2023 financial results at 6:30 a.m. Central Daylight Time (CDT) Wednesday, May 3, 2023. Spirit AeroSystems President and Chief Executive Officer Tom Gentile will be joined by Spirit's Senior Vice President and Chief Financial Officer Mark Suchinski on a conference call presentation to securities analysts about first quarter 2023 results and company outlook at 10 a.m. CDT.

Spirit AeroSystems to Release First Quarter 2023 Financial Results May 3

Boeing

Howmet Aerospace

Raytheon Technologies

TransDigm

Continual reports of chaos at airports underscore what may turn out to be a golden opportunity for investors. Air travel demand has soared, new airplanes are needed and their delivery is being delayed.

6 stocks recommended for an industry hitting a ‘sweet spot'

Spirit AeroSystems Holdings, Inc. is set to significantly improve margins in 2023 despite a challenging supply chain environment. The supply chain environment is improving.

Spirit AeroSystems Stock: A Lot Of Upside For Buyers

Elbit Systems

Textron

Archer Aviation

AeroVironment

Rocket Lab USA

Triumph Group

The aerospace industry primarily surrounds companies involved in the manufacturing of aircraft components and vehicles that travel into and beyond the earth's atmosphere. Aerospace stocks range from private firms focused on commercial space travel to large defense firms that supply our military.

7 Aerospace Stocks to Buy for the Future of Flight

PRESTWICK, Scotland--(BUSINESS WIRE)--Spirit AeroSystems, Inc. and Astraius Ltd. announced today a collaboration to enhance future satellite launch capabilities from Prestwick Spaceport. During a visit to the Spaceport by Scottish Government Minister for Business, Trade, Tourism, and Enterprise Ivan McKee, the companies commemorated the announcement with a signing ceremony.

Spirit AeroSystems, Astraius Join Forces to Boost UK Launch Ambitions

WICHITA, Kan.--(BUSINESS WIRE)--Spirit AeroSystems, Inc. announced today an agreement with Jordan Aircraft Maintenance Company, Joramco, to be a Spirit Authorized Maintenance, Repair and Overhaul (MRO) center. Joramco, based in Amman, Jordan, is a maintenance, repair, and overhaul provider and the engineering arm of Dubai Aerospace Enterprise (DAE). Joramco will provide a wide range of repairs and services of composite and metallic aerostructures to customers in the region.

Joramco Named as Spirit AeroSystems Authorized MRO Center in Middle East

HYDERABAD, India--(BUSINESS WIRE)--Spirit AeroSystems signs agreement with GMR Aero Technic.

Spirit AeroSystems Names GMR Aero Technic as Aftermarket Repair Provider in India

WICHITA, Kan.--(BUSINESS WIRE)--Spirit AeroSystems Holdings, Inc. (NYSE: SPR) Senior Vice President and Chief Financial Officer Mark Suchinski will speak at the Barclays Industrial Select Conference at 10:20 a.m. (ET) on Thursday, February 23rd, 2023. Access to the webcast will be available at http://investor.spiritaero.com/. Individuals are advised to check the website ahead of time to ensure their computers are configured for the webcast.

Spirit AeroSystems Chief Financial Officer Speaking at the Barclays Industrial Select Conference

Spirit AeroSystems' (SPR) total fourth-quarter revenues of $1,320 million miss the Zacks Consensus Estimate by 4.2% but rise 23% on a year-over-year basis.

Spirit AeroSystems (SPR) Reports Q4 Loss, Revenues Rise Y/Y

Spirit AeroSystems Holdings, Inc. (NYSE:SPR ) Q4 2022 Earnings Conference Call February 7, 2023 11:00 AM ET Company Participants Aaron Hunt - Director, IR Tom Gentile - President and CEO Duane Hawkins - EVP and President, Defense & Space Division Mark Suchinski - SVP and CFO Conference Call Participants David Strauss - Barclays Cai von Rumohr - Cowen Sheila Kahyaoglu - Jefferies Ken Herbert - RBC Seth Seifman - JPMorgan George Shapiro - Shapiro Research Kristine Liwag - Morgan Stanley Michael Ciarmoli - Truist Securities Peter Arment - Baird Operator Good morning, ladies and gentlemen and welcome to Spirit AeroSystems Holdings Inc.'s Fourth Quarter and Full Year 2022 Earnings Conference Call. My name is Glenn, and I will be your coordinator today.

Spirit AeroSystems Holdings, Inc. (SPR) Q4 2022 Earnings Call Transcript

Spirit Aerosystems (SPR) delivered earnings and revenue surprises of -370.97% and 4.23%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Spirit Aerosystems (SPR) Reports Q4 Loss, Lags Revenue Estimates

Spirit AeroSystems Holdings Inc. stock SPR, -0.35% slid 5% in premarket trade Tuesday, after the aerospace company posted a wider-than-expected loss for the fourth quarter amid supply chain snafus and labor shortages. The company had a net loss of $243 million, or $2.32 a share, for the quarter , after a loss of $120 million, or $1.15 a share, in the year-earlier period.

Spirit AeroSystems stock slides 5% premarket after company posts wider-than-expected quarterly loss

Spirit AeroSystems Reports Fourth Quarter and Full-Year 2022 Results

WICHITA, Kan.--( BUSINESS WIRE )--Spirit AeroSystems Holdings, Inc. [NYSE: SPR] will release its fourth quarter and full-year 2022 financial results at 6:30 a.m. Central Standard Time Tuesday, February 7, 2023.

Spirit AeroSystems to Release Fourth Quarter and Full-Year 2022 Financial Results February 7

WICHITA, Kan.--( BUSINESS WIRE )--Spirit AeroSystems Holdings, Inc. [NYSE: SPR] today announced that Mark Miklos has been named Senior Vice President of the company's Defense & Space business, effective April 1, 2023. Miklos will replace Duane Hawkins, current Executive Vice President; President Defense & Space, who has announced his intent to retire at the end of March 2023.

Mark Miklos Named Leader of Spirit AeroSystems Defense & Space Unit

WICHITA, Kan.--( BUSINESS WIRE )--Spirit AeroSystems Holdings, Inc. [NYSE: SPR] (the “Company”) announced today the closing of the private offering of $900 million aggregate principal amount of 9.375% Senior Secured First Lien Notes due 2029 (the “Notes”) issued by Spirit AeroSystems, Inc. (“Spirit”), a wholly owned subsidiary of the Company. Concurrent with the closing of the offering, Spirit closed an amendment of its $594 million senior secured term loan B credit facility, incurring a new tranche of term loans (the “Term Loan”), which matures in January 2027, to refinance its existing term loans scheduled to mature in January 2025.

Spirit AeroSystems Closes Private Offering of $900 Million 9.375% Senior Secured First Lien Notes Due 2029; Closes Amendment of $594 Million Senior Secured Term Loan B Credit Facility

WICHITA, Kan.--( BUSINESS WIRE )--Spirit AeroSystems Holdings, Inc. [NYSE: SPR] (the “Company”) today announced the early tender results of its wholly owned subsidiary, Spirit AeroSystems, Inc.'s (“Spirit”), (i) offer to purchase for cash (the “Tender Offer”) any and all of Spirit's outstanding 5.500% Senior Secured First Lien Notes due 2025 (CUSIP No. 85205T AM2) (the “2025 First Lien Notes”) and (ii) Consent Solicitation (as defined below), in each case upon the terms and conditions described in Spirit's Offer to Purchase and Solicitation of Consents, dated November 7, 2022 (the “Offer to Purchase and Solicitation of Consents”).

Spirit AeroSystems Announces Early Tender Results of Cash Tender Offer and Consent Solicitation for Any and All of Its Outstanding 5.500% Senior Secured First Lien Notes Due 2025

Spirit AeroSystems' free cash flow guidance has come down due to deliveries slipping into 2023. Despite challenges faced, results have significantly improved.

Spirit AeroSystems: A Diversification Buy On Aerospace Recovery

The company's debt refinancing soothed fears that an equity raise was in the offing.

Why Shares in Spirit AeroSystems Are Surging This Week

Spirit AeroSystems Announces Full Redemption of 3.950% Senior Notes due 2023

Bed Bath & Beyond

DraftKings

Trxade Group

Peloton

Upstart Holdings

Revlon Inc

Meme stocks represented one of the most remarkable developments in the equities space during much of the new normal. However, by 2022, this sector received a very rude awakening.

7 Meme Stocks Smart Investors Shouldn't Touch With a 10-Foot Pole

Spirit AeroSystems Announces Pricing of Private Offering of $900 Million Aggregate Principal Amount of 9.375% Senior Secured First Lien Notes Due 2029

Spirit AeroSystems Named a Winner of Aviation Week Network's 65th Annual Laureate Awards

Spirit AeroSystems' (SPR) total third-quarter revenues of $1,277 million miss the Zacks Consensus Estimate by 1.4% but rise 30% on a year-over-year basis.

News for Spirit AeroSystems Hlds Stock (SPR)