Spirit AeroSystems says layoffs, furloughs may be needed [Yahoo! Finance]
Spirit Aerosystems Holdings, Inc. (SPR)
Last spirit aerosystems holdings, inc. earnings: 2/28 07:30 am
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Source: Yahoo! Finance
continue as a going concern.” It also says a plan to improve liquidity could include layoffs and more furloughs. “The Company will require additional liquidity to continue its operations over the next 12 months,” Spirit said in a quarterly form it filed with the U.S. Securities and Exchange Commission on Tuesday. The SEC form includes financial data detailing Spirit's net losses over several years. Time period Net losses Cash used in operating activities January-September 2024 $1,508.9 million $1,257.5 million $616.2 million $225.8 million $545.7 million $394.6 million $540.8 million $63.2 million Spirit says as of Sept. 26, its debt balance was $4,402.6 million, including $426.2 million of debt classified as short-term, and its cash and cash equivalents were $217.6 million. In the SEC filing, Spirit AeroSystems blames several factors, including: Higher levels of inventory and contract assets, Lower operational cash flows due to a decrease in expect
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SPR
News
- Airbus CEO says Spirit Aero talks going well but industrial challenges lie ahead [Yahoo! Finance]Yahoo! Finance
- Spirit Announces Purchase Agreement with Tex Tech Industries for Intended Sale of Fiber Materials, Inc. (FMI) [Yahoo! Finance]Yahoo! Finance
- Spirit Announces Purchase Agreement with Tex Tech Industries for Intended Sale of Fiber Materials, Inc. (FMI)PR Newswire
- Spirit AeroSystems Holdings, Inc. (NYSE: SPR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Spirit AeroSystems Announces Second Amended and Restated Memorandum of Agreement with AirbusPR Newswire
SPR
Earnings
- 8/5/24 - Miss
SPR
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 8-K
- SPR's page on the SEC website