Can Spirit Aero survive and what it means for Boeing acquisition [Yahoo! Finance]
Spirit Aerosystems Holdings, Inc. (SPR)
Last spirit aerosystems holdings, inc. earnings: 2/28 07:30 am
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US:NYSE Investor Relations:
investor.spiritaero.com
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Source: Yahoo! Finance
In its third-quarter financial report, the aerospace manufacturer disclosed "substantial doubt about the Company's ability to continue as a going concern exists." “The Company will require additional liquidity to continue its operations over the next 12 months,” the filing added. Spirit AeroSystems reported significant net losses of $1.5 billion year-to-date, with cash used in operations amounting to $1.25 billion. As the third quarter concluded, Spirit's debt stood at $4.4 billion, with cash and cash equivalents at a mere $217.6 million. The company also anticipates a cash burn of approximately $450 to $550 million over the coming three quarters. The company's financial challenges are partly attributed to complications with Boeing and Airbus. More concretely, the jet supplier has been affected by Boeing's decision to reject deliveries that require additional assembly or quality rework, leading to increased inventory and contract assets, along with reduced cash flow. Othe
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SPR
News
- Spirit AeroSystems Holdings, Inc. (NYSE: SPR) was upgraded by analysts at TD Cowen to a "strong-buy" rating.MarketBeat
- Spirit AeroSystems Holdings, Inc. (NYSE: SPR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- The effects of the Boeing strike will be felt for a while [Yahoo! Finance]Yahoo! Finance
- Inside Boeing's struggle to make its best-selling plane again [Yahoo! Finance]Yahoo! Finance
- Are Options Traders Betting on a Big Move in Spirit AeroSystems (SPR) Stock? [Yahoo! Finance]Yahoo! Finance
SPR
Earnings
- 8/5/24 - Miss
SPR
Sec Filings
- 12/20/24 - Form DEFM14A
- 12/9/24 - Form 4
- 12/6/24 - Form 4
- SPR's page on the SEC website