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

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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.

Shares of Spirit AeroSystems dropped by nearly 15% on Wednesday after the embattled aerospace supplier unveiled offerings that aimed to raise up to $400 million to bolster its dwindling balance sheet.

Spirit Aero shares fall on new capital raise plans

Boeing supplier Spirit is raising $400 million from sales of stock and debt. Investors are nervous.

Spirit Aero Stock Is Tanking. Share Dilution Is an Issue.

Shares of Spirit AeroSystems dropped 15% in extended trade after the company announced new measures meant to raise capital for the embattled aerospace supplier.

Shares of Spirit Aero down 15% as company looks to raise cash

WICHITA, Kan. , Nov. 7, 2023 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. (NYSE: SPR) (the "Company") announced today that Spirit AeroSystems, Inc. ("Spirit"), a wholly owned subsidiary of the Company, intends to offer, subject to market conditions and other factors, $200 million aggregate principal amount of its Exchangeable Senior Notes due 2028 (the "Exchangeable Notes") in a private offering (the "Offering").

Spirit AeroSystems Announces Proposed Private Offering of Exchangeable Senior Notes

WICHITA, Kan. , Nov. 7, 2023 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. [NYSE: SPR] (the "Company") announced today that it has commenced an underwritten public offering of $200 million of its Class A common stock.

Spirit AeroSystems Announces Proposed Public Offering of Class A Common Stock

Infosys

RICHARDSON, Texas , Nov. 3, 2023 /PRNewswire/ -- Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, and Spirit AeroSystems (NYSE: SPR), the world's largest first-tier aerostructures manufacturer, today inaugurated their dedicated center for aerospace engineering excellence in Richardson, Texas to nurture local talent to meet Spirit's growing aerospace and defense engineering needs. The Center for Aerospace Engineering Excellence, located at 2400 N Glenville Dr Ste 150 in Richardson, will enable Infosys to work more closely with Spirit AeroSystems to develop cross-functional solutions to pressing business challenges in the aircraft development lifecycle.

Infosys and Spirit AeroSystems inaugurate Center for Aerospace Engineering Excellence in Richardson, Texas

The CEO transition at Spirit AeroSystems is seen as positive, with Patrick Shanahan known as a problem solver and potential for better deals with Boeing. Shipset deliveries to Boeing have increased but still below expectations, leading to a downward revision of delivery numbers. Spirit AeroSystems continues to experience losses and cash flow issues, but expects a positive fourth quarter and potential recovery by 2024.

Spirit AeroSystems: A Boeing Man At The Helm To Drive Recovery

Spirit AeroSystems' (SPR) third-quarter 2023 adjusted loss is narrower than the Zacks Consensus Estimate. Revenues increase by 13% on a year-over-year basis.

Spirit AeroSystems (SPR) Q3 Loss Narrows, Revenues Rise Y/Y

Spirit AeroSystems Holdings, Inc. (NYSE:SPR ) Q3 2023 Earnings Conference Call November 1, 2023 11:00 AM ET Company Participants Ryan Avey - Senior Director, IR & FP&A Patrick Shanahan - President and CEO Mark Suchinski - SVP and CFO Conference Call Participants Seth Seifman - JPMorgan Sheila Kahyaoglu - Jefferies Douglas Harned - Bernstein David Strauss - Barclays George Shapiro - Shapiro Research Myles Walton - Wolfe Research Scott Deuschle - Deutsche Bank Noah Poponak - Goldman Sachs Robert Stallard - Vertical Research Scott Mikus - Melius Research Cai von Rumohr - TD Cowen Gavin Parsons - UBS Peter Arment - Baird Michael Ciarmoli - Truist Securities Kristine Liwag - Morgan Stanley Operator Good morning, everyone, and welcome to the Spirit AeroSystems Holdings, Inc. Third Quarter 2023 Earnings Conference Call. My name is Seb, and I'll be the coordinator today.

Spirit AeroSystems Holdings, Inc. (SPR) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for Spirit Aerosystems (SPR) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Spirit Aerosystems (SPR) Q3 Earnings: A Look at Key Metrics

Spirit AeroSystems Holdings Inc.'s SPR said Wednesday it had a net loss of $204 million, or $1.94 a share, in the third quarter, wider than the loss of $128 million, or $1.22 a share, posted in the year-earlier period. The company's adjusted loss came to $1.42 a share, narrower than the $1.54 loss forecast by FactSet analysts.

Spirit Aerosystems' stock up premarket after adjusted loss is narrower than expected

Spirit AeroSystems on Wednesday cut its full-year forecast for 737 fuselage deliveries, one of its biggest programs, as it grapples with a production defect involving improperly drilled holes on the aft pressure bulkhead.

Spirit Aero cuts 737 fuselage delivery forecast

WICHITA, Kan. , Nov. 1, 2023 /PRNewswire/ --  Third Quarter 2023 Revenues of $1.4 billion   EPS of $(1.94); Adjusted EPS* of $(1.42) Cash used in operations of $111 million; Free cash flow* usage of $136 million Recent Events Appointed Pat Shanahan as interim President and CEO Executed a memorandum of agreement with Boeing; impacts to be reflected in fourth quarter financial results Spirit AeroSystems Holdings, Inc. (NYSE: SPR) ("Spirit," "Spirit AeroSystems" or the "Company") reported third quarter 2023 financial results.

Spirit AeroSystems Reports Third Quarter 2023 Results

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.

Earnings Preview: Spirit Aerosystems (SPR) Q3 Earnings Expected to Decline

Boeing

One aircraft company that hasn't benefited from the travel recovery is Spirit AeroSystems Holdings, Inc. NYSE: SPR. The Kansas-based plane parts manufacturer has been grounded by the Russia-Ukraine conflict, fewer orders, labor costs and lingering supply chain issues.

Spirit AeroSystems Goes Airborne After Inking a Boeing Deal

Bernstein analyst Douglas Harned upgraded Spirit Aero stock to Buy from Hold, and lifted the price target to $29 from $25.

A Boeing Supplier Stock Is Rising. A Better Deal Has an Analyst More Upbeat.

Raytheon Technologies

After a succession of production snafus, investors will question whether U.S. aerospace's "problem children" - Boeing , RTX and Spirit AeroSystems - can stem financial losses and hit year-end targets.

Production woes plague earnings for Boeing, RTX and Spirit Aero

Investor uncertainty over how Spirit would ramp up fuselage production has been eased by this agreement. Boeing took action to help improve its chances of hitting its production targets on its critical programs.

Here's Why Spirit AeroSystems' Stock Soared This Week

Shares of Boeing supplier Spirit AeroSystems (SPR) jumped on Wednesday after reaching a production agreement with Boeing (BA) to support its production system after quality issues delayed Boeing deliveries.

Spirit AeroSystems Shares Soar After Reaching Production Deal With Boeing

Spirit AeroSystems Holdings, Inc., a critical supplier in the aerospace industry, is facing ongoing quality issues that are affecting its major customer, Boeing. These problems have led to a dip in Spirit AeroSystems' stock performance and financial strain. If the company can effectively address its operational issues and streamline its supply chains, it may see significant growth and potentially double in value over the next four to five years.

Spirit AeroSystems Stock Could Surge - But Major Issues Remain

Against a weak backdrop on Wall Street during the midweek session, aircraft parts supplier Spirit AeroSystems (NYSE: SPR ) helped enliven the mood, with its shares surging dramatically on a production deal with aerospace giant Boeing (NYSE: BA ). While the partnership bodes well for SPR stock, the underlying company (and industry) struggles with a credibility challenge.

Spirit AeroSystems (SPR) Stock Jumps 25% on Boeing Deal

Spirit AeroSystems Holdings Inc shares surged 25% to $21.46 in late-morning trading on Wednesday after the manufacturer of large aircraft structures announced a tentative agreement with Boeing that would involve Spirit receiving a cash advance and include some price increases for the production of the 787 aircraft.   The deal is aimed at enabling production increases and enhancing quality and predictability in Spirit AeroSystems' operations, which would strengthen the strategic relationship between Spirit and Boeing for the long term to fulfill operational commitments and airline expectations, according to the company.

Spirit Aerosystems stock soars on Boeing production deal

Spirit AeroSystems Holdings Inc (NYSE: SPR) is up 25% on Wednesday after announcing a Memorandum of Agreement (MoA) with the Boeing Co (NYSE: BA). Details of the Boeing-Spirit MoA The Wichita-headquartered firm expects the preliminary agreement to help with production stability and improve deliveries moving forward.

Spirit AeroSystems stock jumped 25% on Wednesday: here's why

Boeing accounted for about 65% of Spirit Aero's revenue in 2022.

Spirit AeroSystems Soars on Big Deal With Boeing

Shares of Spirit AeroSystems Holdings Inc. SPR, +0.88% climbed 7.2% in premarket trading Wednesday, after the aircraft components maker said it reached an agreement with Boeing Co. BA, +0.36% to support production stability. Boeing's stock edged up 0.1%.

News for Spirit AeroSystems Hlds Stock (SPR)