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0.000299222022740814 -0.000598444045481841 0.00179533213644531 0.00388988629563143 0.00299222022740878 0.000897666068222655 0.000897666068222655 0.000897666068222655
Stock impact report

Spirit AeroSystems loses $2.1B in 2024 as financial concerns continue [Yahoo! Finance]

Spirit Aerosystems Holdings, Inc. (SPR) 
Last spirit aerosystems holdings, inc. earnings: 2/28 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.spiritaero.com
Company Research Source: Yahoo! Finance
Dive Brief: Spirit AeroSystems ended 2024 with a $2.14 billion net loss as a result of production and delivery changes implemented by its biggest customer Boeing, according to a Feb. 28 earnings report The changes included lower than planned Boeing 737 production rates, the aerospace supplier said. Other challenges included a lack of price increases on Airbus's plane programs. Spirit AeroSystems's Q4 2024 revenue was down 8.9% year over year to $1.7 billion. Full-year revenue, however, was up 4% YOY to $6.3 billion as a result of higher Boeing 737 deliveries, as well as the timing of working capital, according to the securities filing. Dive Insight: In addition to the losses, Spirit AeroSystems' backlog in Q4 was approximately $47 billion, which included work packages from Airbus and Boeing's commercial platforms backlog. Boeing and Airbus are Spirit AeroSystems' largest customers, with 58% and 21% of its revenue generated from the two companies' sales, respectively, acco Show less Read more
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