Spirit AeroSystems Hlds

Spirit AeroSystems Holdings, Inc. engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates through the following segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment designs and manufactures forward, mid, and rear fuselage sections which related to floor beams, nacelles, struts and pylons, horizontal and vertical stabilizers, flaps and slats and wing structures. The Defense & Space segment offers fixed wing aircraft aerostructures, missiles and hypersonics and rotorcraft aerostructure. The Aftermarket segment includes development, production, and marketing spares and repair and overhaul (MRO) services related to commercial and defense & space program. The company was founded in 2005 and is headquartered in Wichita, KS.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Spirit AeroSystems reports revenue growth amidst challenges, focuses on optimization

Spirit AeroSystems navigated challenges in 2022 with a focus on revenue growth, cost reduction, and production optimization. The company's performance in the Defense & Space segment was a highlight, contributing to a positive outlook. Despite facing supply chain and labor issues, Spirit AeroSystems remains proactive in addressing challenges and pursuing opportunities for growth.

Spirit AeroSystems tackles quality issues, eyes production improvements amid challenges

Spirit AeroSystems addresses quality issues, focuses on production standards, and strengthens relationships with Boeing. Despite challenges, the company is leveraging opportunities to enhance operations and financial performance.

Spirit AeroSystems reports Q2 revenue growth but faces supply chain challenges

Spirit AeroSystems faced challenges with supply chain disruptions impacting profitability, leading to negative free cash flow projections for the year.
Despite these challenges, the company demonstrated strengths in Defense & Aftermarket segments with strong revenue growth and operating margins.
Opportunities lie in increasing production rates, addressing supply chain issues, and focusing on operational execution for improved profitability and cash flow.
Overall, Spirit AeroSystems aims to stabilize its supply chain, increase production rates, and enhance financial health amidst industry challenges and forward losses.

Spirit AeroSystems reports revenue growth and positive impacts from Boeing agreement

Spirit AeroSystems' Q3 performance showed revenue growth and financial impacts from the Boeing agreement. The company faces challenges with disruptions, labor issues, and potential Airbus program impacts. Opportunities include positive cash flow projections and resolving negotiations with Airbus.

Spirit AeroSystems reports strong Q4 performance amidst challenges and opportunities

Spirit AeroSystems demonstrated robust financial performance in Q4 2023, driven by revenue growth, positive EPS, and operational improvements in production and quality.
While facing challenges such as forward losses and cash flow impacts, the company is focused on leveraging opportunities like debt reduction and quality-driven incentives for future growth.
Strategic initiatives in product safety, innovation, and cost management position Spirit AeroSystems for long-term success and operational excellence in the aerospace industry.

Spirit AeroSystems reports revenue growth, faces challenges in Airbus negotiations

Spirit AeroSystems reported improved revenue and operational performance in Q1 2024, with a focus on safety, quality, and financial stability.
Challenges include negotiations with Airbus, cash usage impact from production disruptions, and labor scarcity in key locations.
Opportunities lie in discussions with Boeing for potential acquisition, securing supply agreements with Airbus, and enhancing operational efficiency.
Overall, Spirit AeroSystems' strategic initiatives aim to address challenges, leverage strengths, and capitalize on growth opportunities for long-term success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Spirit AeroSystems Holdings, Inc. engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates through the following segments: Commercial, Defense and Space, and Aftermarket. The Commercial segment designs and manufactures forward, mid, and rear fuselage sections which are related to floor beams, nacelles, struts and pylons, horizontal and vertical stabilizers, flaps and slats, and wing structures. The Defense and Space segment offers fixed wing aircraft aerostructures, missiles and hypersonic, and rotorcraft aerostructure. The Aftermarket segment includes development, production, and marketing spares and repair and overhaul services related to commercial and defense and space program. The company was founded in 2005 and is headquartered in Wichita, KS.

Boeing

Spirit AeroSystems and Boeing entered into a memorandum of agreement to address issues that include the aero parts supplier's higher levels of inventory, contract assets and lower operational cash flows.

Spirit, Boeing enter into memorandum of agreement to improve aero supplier's issues

Boeing's key supplier Spirit AeroSystems is limiting overtime and hiring as production declines due to lower output of 737 MAX jets, Spirit told Reuters on Friday.

Exclusive: Spirit AeroSystems limits overtime and hiring as Boeing 737 output drops

Airbus SE

The head of Airbus told Reuters it is "not unlikely" that the European planemaker takes control of two U.S. and UK plants run by Spirit Aerosystems if Boeing goes ahead with plans to buy one of the industry's key suppliers.

Exclusive: Airbus CEO says 'not unlikely' it will take some Spirit Aero plants

Spirit AeroSystems shares jumped in March on reports it could be acquired by former parent Boeing. The two companies were separated in 2005 as part of Boeing's effort to cut costs, but the aerospace giant is now seeing the downside of not controlling its supply chain.

Why Spirit AeroSystems Stock Took Off in March

Boeing and Airbus are edging towards a potentially coordinated deal to split operations of troubled supplier Spirit AeroSystems , taking on plants needed to support their top jet programs, people familiar with the matter said.

Exclusive: Boeing, Airbus exploring framework to divvy up Spirit Aero's operations, sources say

Proxy advisory firm Glass Lewis has recommended Spirit AeroSystems shareholders vote against the election of two directors, including the head of the aero parts supplier's risk committee, Ronald Kadish, at the 2024 annual meeting.

Glass Lewis recommends investors vote against two Spirit Aero directors

Texas Attorney General Ken Paxton on Thursday announced an investigation into Boeing parts supplier Spirit AeroSystems regarding its operations, as well as the company's diversity, equity and inclusion (DEI) initiatives.

Texas AG Ken Paxton announces investigation into Boeing supplier's operations

DALLAS — The Texas attorney general has opened an investigation into a key Boeing supplier that is already facing scrutiny from federal regulators over the quality of parts that it provides to the aircraft maker.

Texas attorney general is investigating Boeing supplier Spirit AeroSystems, including its diversity practices

Boeing supplier Spirit AeroSystems is facing an investigation launched by Texas Attorney General Ken Paxton into its handling of manufacturing defects and DEI commitments.

Texas AG launches probe into Boeing supplier operations, DEI commitments

Texas Attor­ney Gen­er­al Ken Pax­ton has opened an inves­ti­ga­tion into Boeing BA sup­pli­er Spirit AeroSystems SPR Holdings, Inc., which will examine “reoccurring issues with certain airplane parts provided to Boeing.”

Texas AG Will Investigate Spirit AeroSystems, Probe Diversity Program

CME Group

Hims & Hers Health

When traders stampede into call options, it typically means they expect an event to come, pushing the underlying stock higher soon. Because options expire at a given date, these traders must get their thesis right before expiration or risk losing their entire investment.

3 Stocks With Unusual Call Option Activity

During Wednesday's presentation at the Bank of America BAC Global Industrials Conference, Boeing's Chief Financial Officer, Brian J. West said, “Reintegrating these two companies is what's best for safety and for quality for the aerospace industry.

Boeing CFO: Spirit AeroSystems Buy Back “Best For Safety And Quality”

Boeing Co (NYSE:BA, ETR:BCO) is supposedly looking to cut Spirit Aerosystems' ties to rival manufacturer Airbus Group (EPA:AIR) as it looks to take over the supplier. Boeing previously owned Wichita-based Spirit, which builds the likes of fuselage parts for its jets but also wings for some Airbus planes, until 2005.

Boeing to cut Spirit Aero's ties to Airbus in potential takeover - reports

Boeing Co (NYSE: BA) is in focus today following a report that it's exploring ways to cut or at least minimise Spirit AeroSystems Inc ties (NYSE: SPR) with rival Airbus SE.

Boeing reportedly wants to cut Spirit AeroSystems ties with rival Airbus

Boeing is looking at how Spirit AeroSystems could shed or sharply reduce its ties to Airbus , as the supply-chain giant's work for the European planemaker poses complications in rival Boeing's attempt to acquire its former subsidiary.

Exclusive: Boeing mulls shedding Airbus work in potential Spirit Aero deal

There's been plenty of negative news flow for Spirit AeroSystems this week. Investors are hoping the company can muddle through a difficult period.

Here's Why Shares in Spirit AeroSystems Declined This Week

Spirit Aerosystems (SPR) reported earnings 30 days ago. What's next for the stock?

Why Is Spirit Aerosystems (SPR) Up 23.4% Since Last Earnings Report?

Boeing's possible takeover of Spirit AeroSystems , along with delaying plans to ramp up production of 737 MAX jets, could help the planemaker manage its supply chain, but the move is no quick fix for its quality problems, analysts said.

Boeing's Spirit Aero bid could help supply chain but is no cure-all

Aerospace firm Boeing could recombine with fuselage maker Spirit AeroSystems to improve quality amid manufacturing problems with the 737 MAX jet.

Boeing's Talks to Buy Spirit Aero Has Wall Street Buzzing

Boeing BA has confirmed that it is in talks with Spirit AeroSystems SPR to re-integrate the supplier it spun off nearly two decades ago. This comes as Boeing faces quality crises for aircraft programs beyond the 737 MAX—some caused by Spirit AeroSystems.

Boeing And Spirit AeroSystems Safety Crisis Predicted 23 Years Ago

Domino's Pizza

Macy's

Here are some of the major companies whose stocks moved on the week's news.

The Score: Domino's Pizza, Macy's, Spirit AeroSystems and More Stocks That Defined the Week

Spirit, the jet-fuselage supplier Boeing split off two decades ago, has been at the center of quality issues affecting 737 MAX jets.

Boeing in Talks to Buy Troubled Supplier Spirit AeroSystems

Boeing is in talks to buy Spirit AeroSystems, which builds fuselages for Boeing 737 Max jetliners, including the one that suffered a door-panel blowout in January, according to a person knowledgeable about the discussions.

Boeing might buy Spirit AeroSystems—its key supplier on the troubled 737 Max

WICHITA, Kan. , March 1, 2024 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. [NYSE: SPR] today confirmed that it is currently engaged in discussions with Boeing about a possible acquisition of the Company by Boeing.

Spirit AeroSystems Confirms Discussions with Boeing

Boeing is in talks to buy its former subsidiary Spirit AeroSystems while it delayed plans for suppliers to ramp up 737 jetliner production, as the company tries to get control of a sprawling crisis sparked by a Jan. 5 mid-air panel blowout.

News for Spirit AeroSystems Hlds Stock (SPR)