Spirit AeroSystems Q4 2022 Earnings Report
Key Takeaways
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.
Revenue increased by 23% to $1.3 billion due to higher Boeing 737 deliveries and increased Defense and Space revenue.
Operating loss was $138.8 million, driven by higher changes in estimates and the absence of AMJP Program income.
Net loss was $243 million, impacted by increased operating loss and other expenses.
Free cash flow usage was $66 million, within the previously indicated range.
Spirit AeroSystems
Spirit AeroSystems
Spirit AeroSystems Revenue by Segment
Forward Guidance
Spirit AeroSystems plans to produce approximately 420 737 shipsets in 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income