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Mar 28, 2024
Spirit AeroSystems Q1 2024 Earnings Report
Spirit AeroSystems reported a net loss and engaged in discussions with Boeing regarding a potential acquisition.
Key Takeaways
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.
Revenues reached $1.7 billion.
EPS was $(5.31), with adjusted EPS at $(3.93).
Cash used in operations amounted to $416 million, and free cash flow usage was $444 million.
Discussions with Boeing are ongoing regarding a potential acquisition of Spirit AeroSystems.
Revenue by Segment
Forward Guidance
Spirit will not be providing guidance until there is further clarity on the acquisition discussions with Boeing, 737 MAX delivery and production timing, as well as ongoing commercial negotiations with Airbus.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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