Spirit AeroSystems Holdings, Inc. (SPR)
| Market Cap | 3.55B |
| Revenue (ttm) | 6.32B |
| Net Income (ttm) | -951.70M |
| Shares Out | 116.55M |
| EPS (ttm) | -8.41 |
| PE Ratio | n/a |
| Forward PE | 20.00 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,303,624 |
| Open | 30.95 |
| Previous Close | 30.99 |
| Day's Range | 30.32 - 31.03 |
| 52-Week Range | 14.65 - 36.34 |
| Beta | 1.79 |
| Analysts | Buy |
| Price Target | 33.13 (+8.59%) |
| Earnings Date | May 7, 2024 |
About SPR
Spirit AeroSystems Holdings, Inc. engages in the design, engineering, manufacture, and marketing of commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, floor beams, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and wing systems. This segment primarily serves commercial and business/regional jet programs. The Defense & Space... [Read more]
Financial Performance
In 2023, SPR's revenue was $6.05 billion, an increase of 20.25% compared to the previous year's $5.03 billion. Losses were -$616.20 million, 12.9% more than in 2022.
Financial StatementsAnalyst Forecast
According to 18 analysts, the average rating for SPR stock is "Buy." The 12-month stock price forecast is $33.13, which is an increase of 8.59% from the latest price.
News
Can Boeing's Purchase Of Spirit AeroSystems Help Solve Its Problems?
Boeing has struggled to get back on track after the fatal 737 Max 8 crashes in 2018 and 2019. The company announced it's in talks to buy back fuselage maker Spirit AeroSystems.
How Spirit AeroSystems fits into Boeing's rebound plan
Boeing is in talks to buy back Spirit AeroSystems, one of the biggest aerostructure companies in the world.
Key Boeing supplier Spirit AeroSystems to lay off 450 after production of troubled 737s slows
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 o...
Boeing Supplier Spirit AeroSystems to Lay Off Hundreds
The parts maker said it would cut 400-450 jobs in response to a slowdown in production at Boeing.
Boeing supplier Spirit AeroSystems lays off workers, citing lower plane delivery rates
Spirit makes fuselages at the plant for Boeing's best-selling 737 Max plane, deliveries of which have slowed in the wake of a door panel blowout.
Boeing supplier Spirit AeroSystems to lay off employees, spokesman says
Spirit AeroSystems is laying off several hundred members of its workforce in Wichita, Kan., according to a media report Thursday citing internal documents, as the company deals with high debt and slow...
Spirit AeroSystems discloses buyout talks with Boeing, but stock drops after much wider-than-expected loss
Spirit AeroSystems Holdings Inc. SPR, +0.27% said Tuesday that it was “currently engaged in discussions” with Boeing Co. BA, -0.80% regarding a potential buyout of Spirit, but provided no details. Mea...
Spirit Aero burns more cash as 737 output drops
Spirit AeroSystems reported a higher first-quarter cash burn on Tuesday, squeezed by lower 737 production at the aerospace supplier's biggest customer, Boeing.
Spirit AeroSystems Reports First Quarter 2024 Results
WICHITA, Kan. , May 7, 2024 /PRNewswire/ -- First Quarter 2024 Revenues of $1.7 billion EPS of $(5.31); Adjusted EPS* of $(3.93) Cash used in operations of $416 million; Free cash flow* usage of $444...
Boeing supplier Spirit AeroSystems sues to block Texas safety probe
Airline parts manufacturer Spirit AeroSystems has asked a U.S. judge to block a probe by Texas Attorney General Ken Paxton, calling the state's demand for internal documents and other information unre...
Spirit Aero says it has a new plan to address Boeing 737 MAX parts demand
Spirit AeroSystems said it has developed a plan that gives it “a high degree of confidence” to meet U.S. planemaker Boeing's rate and quality expectations for parts for the 737 MAX jet, the company to...
Spirit AeroSystems to Release First Quarter 2024 Financial Results May 7
WICHITA, Kan. , April 26, 2024 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. [NYSE: SPR] will release its first quarter 2024 financial results at 6:30 a.m.
Spirit, Boeing enter into memorandum of agreement to improve aero supplier's issues
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 flo...
Exclusive: Spirit AeroSystems limits overtime and hiring as Boeing 737 output drops
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: Airbus CEO says 'not unlikely' it will take some Spirit Aero plants
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 in...
Exclusive: Boeing, Airbus exploring framework to divvy up Spirit Aero's operations, sources say
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 fami...
Glass Lewis recommends investors vote against two Spirit Aero directors
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 Kadis...
Texas AG Ken Paxton announces investigation into Boeing supplier's operations
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 inclusio...
Texas attorney general is investigating Boeing supplier Spirit AeroSystems, including its diversity practices
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 air...
Texas AG launches probe into Boeing supplier operations, DEI commitments
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 Will Investigate Spirit AeroSystems, Probe Diversity Program
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...
Boeing CFO: Spirit AeroSystems Buy Back “Best For Safety And Quality”
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 sa...
Boeing reportedly wants to cut Spirit AeroSystems ties with rival Airbus
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.
Exclusive: Boeing mulls shedding Airbus work in potential Spirit Aero deal
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...
Boeing's deal with Spirit AeroSystems puts it on 'the path to normalization,' analyst says
Boeing (BA) has been in talks to acquire Spirit AeroSystems (SPR), a move aimed at increasing oversight of the company's manufacturing processes in the wake of a January safety incident. Stifel Resear...