Spirit AeroSystems Q4 2023 Earnings Report
Key Takeaways
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.
Revenues increased by 37% to $1.8 billion due to higher production deliveries on commercial programs and increased revenues in Defense and Space and Aftermarket segments.
EPS was $0.52, and adjusted EPS was $0.48, excluding certain items.
Operating income improved due to the Boeing Memorandum of Agreement, including forward loss reversals and material right obligation liability reversal.
Backlog at the end of Q4 2023 was approximately $49 billion.
Spirit AeroSystems
Spirit AeroSystems
Spirit AeroSystems Revenue by Segment
Forward Guidance
Spirit will not be providing guidance at this time until there is further clarity on the timing of 737 MAX production rate increases from our customer in relation to FAA approval and ongoing price negotiations with Airbus.
Revenue & Expenses
Visualization of income flow from segment revenue to net income