- Spirit Aero reported an adjusted loss per share of $4.25, significantly higher than the estimated loss of 79 cents per share.
- Revenue for the quarter was $1.52 billion, a decrease of 11% year-over-year, falling short of the estimated $1.74 billion.
- Commercial revenue reached $1.16 billion, down 14% from the previous year, compared to an expected $1.31 billion.
- The Defense & Space segment reported revenue of $261.0 million, a slight increase of 4.1% year-over-year, but below the $268.5 million estimate.
- Aftermarket segment revenue increased by 3.4% to $99.2 million, missing the estimate of $110 million.
- Total shipsets delivered rose to 429, marking an impressive growth of 40% year-over-year.
- Boeing shipset deliveries doubled to 145 from 70 the previous year.
- B737 shipset deliveries increased nearly threefold to 127 from 44 year-over-year.
- Total segment operating loss was $461.1 million, up 5.9% from the previous year.
- The commercial segment’s operating loss was $464.9 million, an improvement of 4.1% from last year but higher than the estimated loss of $172 million.
- The Defense & Space segment reported an operating loss of $10.7 million, a significant drop from a $32.2 million profit the previous year, with the expectation of a $31.6 million profit.
- Aftermarket segment operating income decreased by 16% to $14.5 million, below the estimate of $19.8 million.
- Commercial segment operating margin worsened to -40% from -35.8% year-over-year, against an estimated -17.3%.
- Aftermarket segment operating margin fell to 14.6% from 17.9% year-over-year, short of the 17.1% estimate.
- The company stated it will not provide guidance due to a merger pact.
- Analyst recommendations include 1 buy, 14 holds, and 0 sell ratings.
A look at Spirit Aerosystems Holdings, Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 2.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Spirit Aerosystems Holdings, Inc. shows a positive long-term outlook. The company’s highest scores in Momentum and Resilience indicate strong performance and stability. With a solid score in Growth, Spirit Aerosystems is positioned for potential expansion in the future. Although the Value score is low, the company’s overall outlook remains optimistic, especially considering its involvement in designing and manufacturing aerostructures for both commercial and military aircrafts.
Spirit Aerosystems Holdings, Inc. operates as a holding company specializing in aerostructures for various aircraft types. With a diverse product range including fuselages, propulsion systems, and wing systems, the company plays a crucial role in the aviation industry. The company’s mix of capabilities positions it well for long-term success, especially with its above-average scores in Resilience, Growth, and Momentum, reflecting a strong foundation for future growth and stability.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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