Spirit AeroSystems Earnings Reports

Spirit AeroSystems reported a decrease in revenue for the fourth quarter of 2024, primarily due to the impacts from the Boeing Memorandum of Agreement. The company is focused on improving operations and developing transition plans in anticipation of the acquisition by Boeing.

Spirit AeroSystems reported Q2 2024 revenues of $1.5 billion but experienced a net loss of $415 million, or $(3.56) per share, impacted by Boeing 737 delivery delays and unfavorable estimate changes. The company's free cash flow usage was $597 million. Spirit is currently working on liquidity improvement plans, including a merger agreement with Boeing expected to close in mid-2025.

Spirit AeroSystems reported a revenue of $1.7 billion for the first quarter of 2024. The company experienced a net loss of $617 million, or $(5.31) per share, and an adjusted EPS of $(3.93). Cash used in operations was $416 million, with free cash flow usage of $444 million. The company is currently in discussions with Boeing on a possible acquisition.

Spirit AeroSystems reported a revenue increase of 37% to $1.8 billion in Q4 2023. EPS was $0.52, and adjusted EPS was $0.48. The company's backlog stood at approximately $49 billion. However, the company is not providing guidance at this time until there is further clarity on the timing of 737 MAX production rate increases from their customer in relation to FAA approval and ongoing price negotiations with Airbus.

Spirit AeroSystems reported a 13% increase in revenue to $1.4 billion for Q3 2023. However, the company faced an operating loss of $133.7 million, and a net loss of $204 million. The company appointed Pat Shanahan as interim President and CEO and executed a memorandum of agreement with Boeing.

Spirit AeroSystems reported revenues of $1.4 billion and an EPS of $(1.96) for the second quarter of 2023. The company faced challenges including a strike, rework related to the vertical fin attach fittings issue, and forward losses on key programs.

Spirit AeroSystems reported a 22% increase in revenue to $1.4 billion for the first quarter of 2023. However, the company experienced a net loss of $281 million, resulting in a loss per share of $(2.68). Adjusted EPS was $(1.69). The company's backlog remains strong at approximately $37 billion.

Spirit AeroSystems' Q4 2022 revenue increased by 23% to $1.3 billion, driven by higher Boeing 737 deliveries and increased Defense and Space revenue. However, the company reported an operating loss of $138.8 million and a net loss of $243 million, with cash used in operations of $27 million and negative free cash flow of $66 million.