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.

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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.

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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.

Boeing

Airbus SE

Spirit AeroSystems Holdings Inc SPR is a key supplier for both Boeing Co BA and Airbus SE EADSY.

How Spirit AeroSystems Is Caught Between Boeing And Airbus Tactics

The latest chapter of Boeing's difficulties began in January of this year when a door plug on an Alaskan Airlines 737 MAX 9 blew out at 16,000 feet causing an uncontrolled decompression which would most likely have resulted in the loss of the aircraft and passengers had it occurred at a higher altitude. Investigations quickly found that the door plug had been manufactured by Spirit AeroSystems and removed after damaged rivets were found and uninstalled, but never replaced, at the Boeing plant in Renton, Washington.

The Conundrum Facing Boeing And Spirit AeroSystems

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

Spirit Aerosystems (SPR) Up 1.1% Since Last Earnings Report: Can It Continue?

Spirit AeroSystems on Wednesday said Mark Suchinski is stepping down as Chief Financial Officer of the aerospace supplier.

Spirit Aero CFO to step down

WICHITA, Kan. , June 5, 2024 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. [NYSE: SPR] today announced that Mark Suchinski is stepping down as Senior Vice President and Chief Financial Officer.

Mark Suchinski to Step Down as Chief Financial Officer of Spirit AeroSystems, Irene Esteves Appointed New Chief Financial Officer

Spirit AeroSystems' Q1 earnings were impacted by a decline in commercial segment earnings and flat aftermarket sales. Boeing's production process changes, including the elimination of traveled work, have had a major impact on Spirit AeroSystems' supply chain. Talks between Spirit AeroSystems, Boeing, and Airbus regarding a possible acquisition are progressing, but the complex nature of the deal may affect the acquisition cost.

Spirit AeroSystems Stock Has Upside As Boeing Acquisition Target

Boeing is in talks to buy back Spirit AeroSystems, one of the biggest aerostructure companies in the world.

How Spirit AeroSystems fits into Boeing's rebound plan

Spirit AeroSystems (NYSE: SPR ) layoffs are a hot topic on Friday after the Boeing (NYSE: BA ) supplier announced plans to cut as many as 450 jobs. According to Spirit AeroSystems, these layoffs will affect workers at its Wichita facility.

Spirit AeroSystems Layoffs 2024: What to Know About the Latest SPR Job Cuts

A key Boeing supplier that makes the fuselages for its popular 737 Max airplanes is laying off about 450 workers because production has slowed down ever since a panel flew off one of those airplanes operated by Alaska Airlines in midair in January.

Key Boeing supplier Spirit AeroSystems to lay off 450 after production of troubled 737s slows

The parts maker said it would cut 400-450 jobs in response to a slowdown in production at Boeing.

Boeing Supplier Spirit AeroSystems to Lay Off Hundreds

Spirit makes fuselages at the plant for Boeing's best-selling 737 Max plane, deliveries of which have slowed in the wake of a door panel blowout.

Boeing supplier Spirit AeroSystems lays off workers, citing lower plane delivery rates

Spirit AeroSystems is laying off several hundred members of its workforce in Wichita, Kan., according to a media report Thursday citing internal documents, as the company deals with high debt and slowed production at Boeing, its key customer.

Boeing supplier Spirit AeroSystems to lay off employees, spokesman says

Spirit AeroSystems' (SPR) first-quarter loss widens. Its revenues jump 19% year over year, driven by higher production activities of the company's commercial programs.

Spirit AeroSystems (SPR) Q1 Loss Widens, Revenues Rise Y/Y

Spirit AeroSystems Holdings, Inc. (NYSE:SPR ) Q1 2024 Earnings Conference Call May 7, 2024 11:00 AM ET Company Participants Ryan Avey - Senior Director, Investor Relations & FP&A Patrick Shanahan - President, CEO & Director Mark Suchinski - SVP & CFO Conference Call Participants Seth Seifman - JPMorgan Chase & Co. Sheila Kahyaoglu - Jefferies Jason Gursky - Citigroup Michael Ciarmoli - Truist Securities George Shapiro - Shapiro Research David Strauss - Barclays Bank Kenneth Herbert - RBC Capital Markets Cai von Rumohr - TD Cowen Myles Walton - Wolfe Research Peter Arment - Robert W. Baird & Co. Gavin Parsons - UBS Operator Good morning, ladies and gentlemen, and welcome to the Spirit AeroSystems Holdings, Inc. First Quarter 2024 Earnings Conference Call.

Spirit AeroSystems Holdings, Inc. (SPR) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Spirit Aerosystems (SPR) give a sense of how the business performed in the quarter ended March 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) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Spirit Aerosystems (SPR) came out with a quarterly loss of $3.93 per share versus the Zacks Consensus Estimate of a loss of $0.44. This compares to loss of $1.69 per share a year ago.

Spirit Aerosystems (SPR) Reports Q1 Loss, Misses Revenue Estimates

Spirit AeroSystems Holdings Inc. SPR, +0.27% said Tuesday that it was “currently engaged in discussions” with Boeing Co. BA, -0.80% regarding a potential buyout of Spirit, but provided no details. Meanwhile, Spirit's stock dropped 6% in premarket trading, after the aircraft-components maker reported a much wider-than-expected loss, due to delivery schedule changes made by Boeing amid increased scrutiny on safety in the wake the door-panel blowout in January of a Boeing aircraft.

Spirit AeroSystems discloses buyout talks with Boeing, but stock drops after much wider-than-expected loss

WICHITA, Kan. , May 7, 2024 /PRNewswire/ --  First Quarter 2024 Revenues of $1.7 billion EPS of $(5.31); Adjusted EPS* of $(3.93) Cash used in operations of $416 million; Free cash flow* usage of $444 million Currently engaged in discussions with Boeing on the possible acquisition of Spirit AeroSystems Spirit AeroSystems Holdings, Inc. (NYSE: SPR) ("Spirit," "Spirit AeroSystems" or the "Company") reported first quarter 2024 financial results.

Spirit AeroSystems Reports First Quarter 2024 Results

Beyond analysts' top -and-bottom-line estimates for Spirit Aerosystems (SPR), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.

Seeking Clues to Spirit Aerosystems (SPR) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics

Airline parts manufacturer Spirit AeroSystems has asked a U.S. judge to block a probe by Texas Attorney General Ken Paxton, calling the state's demand for internal documents and other information unreasonable and unlawful.

Boeing supplier Spirit AeroSystems sues to block Texas safety probe

Spirit AeroSystems said it has developed a plan that gives it “a high degree of confidence” to meet U.S. planemaker Boeing's rate and quality expectations for parts for the 737 MAX jet, the company told Reuters on Wednesday.

Spirit Aero says it has a new plan to address Boeing 737 MAX parts demand

WICHITA, Kan. , April 26, 2024 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. [NYSE: SPR] will release its first quarter 2024 financial results at 6:30 a.m.

Spirit AeroSystems to Release First Quarter 2024 Financial Results May 7

Spirit Aerosystems (SPR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Spirit Aerosystems (SPR) Report Negative Q1 Earnings? What You Should Know

Spirit AeroSystems and Boeing entered into a memorandum of agreement to address issues that include the aero parts supplier's higher levels of inventory, contract assets and lower operational cash flows.

Spirit, Boeing enter into memorandum of agreement to improve aero supplier's issues

Boeing's key supplier Spirit AeroSystems is limiting overtime and hiring as production declines due to lower output of 737 MAX jets, Spirit told Reuters on Friday.

News for Spirit AeroSystems Hlds Stock (SPR)