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
- Spirit AeroSystems Announces Second Amended and Restated Memorandum of Agreement with AirbusPR Newswire
- New client orders 40 Boeing planes, may order 40 more [Yahoo! Finance]Yahoo! Finance
- Boeing to pay Spirit AeroSystems up to $350M in advance payments [Yahoo! Finance]Yahoo! Finance
- Spirit AeroSystems Announces Advance Payments Agreement with BoeingPR Newswire
- Can Spirit Aero survive and what it means for Boeing acquisition [Yahoo! Finance]Yahoo! Finance
SPR
Earnings
- 8/5/24 - Miss
SPR
Sec Filings
- 11/12/24 - Form 8-K
- 11/12/24 - Form 8-K
- 11/5/24 - Form 8-K
- SPR's page on the SEC website