Plane maker Airbus upholds full-year targets as quarterly profit rises [Globe and Mail, The (Toronto, Canada)]
Spirit Aerosystems Holdings, Inc. (SPR)
Last spirit aerosystems holdings, inc. earnings: 2/28 07:30 am
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Source: Globe and Mail, The
The world's largest plane maker said its widely-watched adjusted operating profit rose 39 per cent to €1.407-billion ($1.53-billion) in the quarter as revenues rose 5 per cent to €15.689 billion. Analysts were on average expecting third-quarter operating profit of €1.2-billion on revenues of €15.302 billion, according to a company-compiled consensus. Demand for profitable models and a lack of charges during the quarter for its troubled space business lifted Airbus' results. The company said its board would propose to shareholders a third term for CEO Guillaume Faury when his current three-year mandate expires in 2025. It also said it had chosen MTU Aero Engines CEO Lars Wagner, who had a previous stint at Airbus, to be the designated successor to platemaking head Christian Scherer. “I consider Lars Wagner one of the strongest executives in the industry,” Faury said in a call with journalists, adding that the change is not a negative reflection on Scherer. Faury said Airbu
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SPR
News
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SPR
Earnings
- 8/5/24 - Miss
SPR
Sec Filings
- 10/24/24 - Form 8-K
- 10/17/24 - Form 425
- 10/17/24 - Form 8-K
- SPR's page on the SEC website