MARKET COMPOSITE
SPR - Spirit Aerosystems Holdings Inc8:00:02 PM 6/14/2024
Price
$29.35
-0.03 (-0.10%)
Spirit AeroSystems, Inc. , based in Wichita, Kansas, is the world's largest first-tier aerostructures manufacturer. The company builds several important pieces of Boeing aircraft, including the fuselage of the 737, portions of the 787 fuselage, and the cockpit section of the fuselage of nearly all of its airliners. Spirit also produces fuselage sections and front wing spars for the Airbus A350. Spirit's main competition comes from Triumph Aerostructures - Vought Aircraft Division, Collins Aerospace, Leonardo, and Kawasaki Heavy Industries. Spirit was formed when Boeing Commercial Airplanes sold its Wichita division to investment firm Onex. Boeing Defense, Space & Security retained its military business in Wichita, which lay on neighboring land, until Boeing sold most of those properties to Air Capital Flight Line. The Wichita division was responsible for construction of many important aircraft in Boeing's history, including the B-29 Superfortress, B-47 Stratojet, and B-52 Stratofortress. Spirit can trace its legacy back even further to Stearman Aircraft, which was founded on the same site; Stearman later became part of Boeing. Spirit also includes North American Aviation's former Tulsa and McAlester facilities , as well as additional facilities in Kinston, NC, Prestwick, Scotland, Saint-Nazaire, France, and Subang, Malaysia.
Financials
Quarterly financials
(USD)Mar 2024Q/Q
Revenue1.7B-6%
Gross Profit-435.5MM-
Cost Of Revenue2.1B+41%
Operating Income-527.6MM-345%
Operating Expenses92.1MM-
Net Income-616.7MM-918%
R&D10.6MM-8%
G&A81.5MM+26%
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Stock news

    Spirit Aerosystems (SPR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

    Spirit AeroSystems Holdings, Inc. [NYSE: SPR] today announced that Mark Suchinski is stepping down as Senior Vice President and Chief Financial Officer. Irene Esteves, former Executive Vice President and Chief Financial Officer of Time Warner Cable and a member of Spirit's Board of Directors, has been appointed the new Chief Financial Officer effective immediately. Suchinski will remain with Spirit for a transition period to support the transition to Esteves in her role as the new CFO.

    Key Insights Spirit AeroSystems Holdings' estimated fair value is US$24.02 based on 2 Stage Free Cash Flow to Equity...

    TD Cowen's latest note suggests that while Boeing (NYSE:BA) may face a challenging second quarter, a strong recovery is anticipated in the latter half of the year.

    Spirit AeroSystems Holdings Inc (NYSE:SPR), a primary supplier of jet fuselages, is reducing its workforce by 400 to 450 employees at its Wichita, Kansas factory. The layoffs are a response to a production deceleration at Boeing Co (NYSE:BA), Spirit’s largest client. “The recent slowdown in the delivery rate on commercial programs compels a reduction to our workforce in Wichita,” Spirit stated. Originally part of Boeing, Spirit AeroSystems has faced significant quality challenges with the 737 MA

    A key Boeing supplier that makes the fuselages for its popular 737 Max airplanes is laying off about 450 workers because production has slowed down ever since a panel flew off one of those airplanes operated by Alaska Airlines in midair in January. A spokesman for Spirit AeroSystems confirmed the layoffs at its Wichita, Kansas, plant on Thursday that would trim its workforce of just over 13,000 people. Spirit is Boeing's most important supplier on the 737s because it makes fuselages and instal...

    Jet-fuselage supplier Spirit AeroSystems is laying off 400 to 450 workers at its Wichita, Kans., factory as the company grapples with a production slowdown at Boeing its biggest customer. Spirit split off from Boeing two decades ago, has been at the center of quality issues affecting 737 MAX jets. The cuts come as Boeing’s efforts to acquire Spirit are held up because Spirit has so far failed to reach a deal with Airbus over control of Spirit factories that produce parts for Airbus jets...

    (Bloomberg) -- Spirit AeroSystems Holdings Inc. plans to lay off about 450 workers at its main campus in Wichita, Kansas, as it grapples with mounting losses and a slowdown in shipments to Boeing Co.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’With a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceJamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Touches 40,000 Befor

    Update: Market Chatter: Whistleblower Claims Boeing Supplier Spirit AeroSystems Regularly Shipped Defective Fuselages

    Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Q1 2024 Earnings Call Transcript May 7, 2024 Spirit AeroSystems Holdings, Inc. misses on earnings expectations. Reported EPS is $ EPS, expectations were $-0.44. SPR isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, […]