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Jun 29, 2023
Spirit AeroSystems Q2 2023 Earnings Report
Spirit AeroSystems reported second quarter 2023 results, impacted by a strike and other factors.
Key Takeaways
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.
Revenues reached $1.4 billion.
EPS was $(1.96); Adjusted EPS* was $(1.46).
Cash used in operations totaled $183 million; Free cash flow* usage was $211 million.
Rework related to the vertical fin attach fittings issue on available units in Wichita was completed.
Revenue by Segment
Forward Guidance
The work stoppage from the IAM strike will reduce full-year 737 deliveries to the range of 370 to 390 units, which will negatively impact expected revenue, earnings and cash flow for 2023.
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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