- Spirit Aero’s Q2 revenue was $1.64 billion, missing the estimate of $1.83 billion, but increased by 9.6% year-over-year.
- Commercial revenue was $1.27 billion, below the projected $1.49 billion, yet grew by 8.6% year-over-year.
- The Defense & Space segment saw revenues of $266 million, short of the $276.6 million estimate, but up 19% year-over-year.
- The Aftermarket segment earned $102.8 million, which was below the $118.5 million estimate, increasing 1.7% year-over-year.
- Adjusted loss per share widened to $3.34 from $2.73 year-over-year, against an estimated loss of $1.47 per share.
- The company delivered 430 shipsets, an increase of 28% year-over-year.
- Boeing shipset deliveries surged to 152 from 58 year-over-year, while B737 deliveries jumped to 113 from 27 year-over-year.
- Total segment operating loss was $231.4 million, a 1.2% improvement year-over-year.
- The Commercial segment reported an operating loss of $234.3 million, better than the prior year’s loss by 13%, though worse than the expected $82.7 million loss.
- The Defense & Space segment posted an operating loss of $7.1 million after gaining a profit of $18.7 million last year; the expectation was a profit of $30.1 million.
- The Aftermarket segment recorded an operating income of $10 million, down 43% year-over-year, missing the $23.1 million estimate.
- The Commercial segment’s operating margin improved to -18.5% from -23.2% year-over-year, while analysts estimated a positive margin of 3.42%.
- The Defense & Space segment’s operating margin decreased to -2.7% from 8.3% year-over-year, against an expected margin of 11.3%.
- The Aftermarket segment’s operating margin fell to 9.7% from 17.3% year-over-year, below the estimated 18.4% margin.
- Analyst ratings stand at 1 buy, 13 holds, and 0 sells for Spirit Aero.
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
Looking ahead, Spirit Aerosystems Holdings, Inc. has received a mix of Smart Scores across different categories. While the company does not score high in terms of value, it demonstrates moderate growth potential and resilience in the face of challenges. With a momentum score of 5, Spirit Aerosystems seems to be gaining positive traction in its industry. As a holding company focused on designing and manufacturing aerostructures for both commercial and military aircraft, the company’s strategic positioning and consistent performance indicate a promising long-term outlook.
Being a key player in the aerospace industry, Spirit Aerosystems Holdings, Inc. operates through its subsidiaries to deliver essential components for aircraft construction. With a diversified portfolio that includes fuselages, propulsion systems, and wing systems, the company plays a vital role in supporting the aviation sector. The Smart Scores highlight Spirit Aerosystems’ resilience, growth potential, and strong momentum, suggesting a favorable outlook for the company’s future performance in the market.
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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