WICHITA, Kan., Jan. 31, 2025 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. (NYSE: SPR) today announced that, at the special meeting of its shareholders held earlier today, its shareholders voted to approve the proposed acquisition of Spirit AeroSystems by The Boeing Company. The transaction, announced last summer, is expected to close in mid-2025, subject to closing conditions including the receipt of regulatory approvals. "Our shareholder's resounding approval today represents an important milestone in ...

WICHITA, Kan., Jan. 13, 2025 /PRNewswire/ -- Today, Spirit AeroSystems Holdings, Inc. (NYSE: SPR) ("Spirit," "Spirit AeroSystems" or the "Company") announced the sale of Fiber Materials Inc ("FMI") business based in Biddeford, Maine, and Woonsocket, Rhode Island, to Tex Tech Industries, Inc. ("Tex-Tech") for $165 million in cash. FMI is an industry leader in high-temperature materials and reinforced composites, with a focus on Carbon / Carbon and related composites. FMI's applications include thermal protec ...

It has been about a month since the last earnings report for Spirit Aerosystems (SPR) . Shares have lost about 0.9% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Spirit Aerosystems due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Spirit AeroSystems Q3 Loss Wide ...

WICHITA, Kan., Nov. 12, 2024 /PRNewswire/ -- Spirit AeroSystems (NYSE: SPR) today announces a Second Amended and Restated Memorandum of Agreement with Airbus, in which Airbus has agreed to provide Spirit a non-interest-bearing line of credit in an amount of $107 million. Spirit will use the line of credit as advance payments in connection with production for various Airbus programmes and the continued delivery of certain products to Airbus by Spirit. Per the agreement, amounts drawn under the line of credi ...

Strategic Reserve Replenishment Offers SupportThe U.S. government’s announcement of plans to buy up to 3 million barrels of oil for its Strategic Petroleum Reserve (SPR), with delivery scheduled through May 2024, has introduced some fresh buying interest to the market. This move is seen as a stabilizing factor after Monday’s decline, though limited SPR funds mean further purchases will require Congressional approval. Still, traders are treating the SPR news as a modest buffer for downside risks, though broa ...

For the quarter ended September 2024, Spirit Aerosystems (SPR) reported revenue of $1.47 billion, up 2.2% over the same period last year. EPS came in at -$3.03, compared to -$1.42 in the year-ago quarter.The reported revenue represents a surprise of -19.55% over the Zacks Consensus Estimate of $1.83 billion. With the consensus EPS estimate being -$0.16, the EPS surprise was -1793.75%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to W ...

Spirit Aerosystems (SPR) came out with a quarterly loss of $3.03 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $1.42 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1,793.75%. A quarter ago, it was expected that this aircraft parts maker would post a loss of $0.98 per share when it actually produced a loss of $2.73, delivering a surprise of -178.57%.Over the last four quarters, the ...

Exhibit 99.1 P.O.Box 780008 MC K12-14 / Wichita, Kansas 67278-0008 / www.spiritaero.com Spirit AeroSystems Holdings, Inc. 3801 S. Oliver Wichita, KS 67210 www.spiritaero.com Spirit AeroSystems Reports Third Quarter 2024 Results Third Quarter 2024 • Revenues of $1.5 billion • EPS of $(4.07); Adjusted EPS* of $(3.03) • Cash used in operations of $276 million; Free cash flow* usage of $323 million Wichita, Kan., October 23, 2024 - Spirit AeroSystems Holdings, Inc. (NYSE: SPR) ("Spirit," "Spirit AeroSystems" or ...

WICHITA, Kan., Oct. 23, 2024 /PRNewswire/ --Third Quarter 2024 Revenues of $1.5 billionEPS of $(4.07); Adjusted EPS* of $(3.03)Cash used in operations of $276 million; Free cash flow* usage of $323 millionSpirit AeroSystems Holdings, Inc. (NYSE: SPR) ("Spirit," "Spirit AeroSystems" or the "Company") reported third quarter 2024 financial results."We remain on track to close the acquisition by Boeing in mid-2025, while also continuing to focus on safety, compliance and quality," said Pat Shanahan, President a ...

WICHITA, Kan., Oct. 18, 2024 /PRNewswire/ -- Spirit AeroSystems (NYSE: SPR) today announces employee furloughs in response to the ongoing strike by Boeing employees represented by the International Association of Machinists and Aerospace Workers that began on September 13. CFO Irene Esteves shared the news with employees this morning. If the strike continues beyond November, financial pressures will require the Company to implement layoffs and additional furloughs. Post this Effective October 28, Spirit wil ...