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Spirit AeroSystems(SPR) - 2025 Q1 - Quarterly Results
2025-05-01 20:27
Exhibit 99.1 Spirit AeroSystems Holdings, Inc. 3801 S. Oliver Wichita, KS 67210 www.spiritaero.com Spirit AeroSystems Reports First Quarter 2025 Results First Quarter 2025 Wichita, Kan., May 1, 2025 - Spirit AeroSystems Holdings, Inc. (NYSE: SPR) ("Spirit," "Spirit AeroSystems" or the "Company") reported first quarter 2025 financial results. Spirit's revenue in the first quarter of 2025 decreased from the same period of 2024, primarily due to lower production activity on most Boeing programs, particularly t ...
Spirit AeroSystems Reports First Quarter 2025 Results
Prnewswire· 2025-05-01 20:20
Core Viewpoint - Spirit AeroSystems reported a decline in revenue and operating loss in the first quarter of 2025, primarily due to reduced production activity on Boeing programs, particularly the Boeing 737, although there was an increase in Airbus program activity [2][4][10]. Financial Performance - Revenue for the first quarter of 2025 was $1.522 billion, down 11% from $1.703 billion in the same period of 2024 [24]. - The operating loss improved to $487 million from $528 million year-over-year, with an operating loss margin of 32.0% compared to 31.0% in 2024 [24]. - Net loss was $613 million, slightly improved from $617 million in the previous year, resulting in a net loss per share of $(5.21) compared to $(5.31) [10][24]. Cash Flow and Liquidity - Cash used in operations was $420 million, a slight increase from $416 million in the prior year, while free cash flow usage was $474 million compared to $444 million [25][30]. - The cash balance at the end of the first quarter of 2025 was $220 million, down from $537 million at the end of 2024 [25][31]. Segment Performance - Commercial segment revenue decreased by 14.3% to $1.162 billion, primarily due to lower production activity on Boeing programs [26]. - Defense & Space segment revenue increased by 4.1% to $261 million, driven by higher activity on the Boeing P-8 and Sikorsky CH-53K programs [26]. - Aftermarket segment revenue increased slightly to $99.2 million, although operating margin decreased due to sales mix [26][17]. Backlog and Deliveries - Spirit's backlog at the end of the first quarter of 2025 was approximately $48 billion, encompassing work packages on all commercial platforms for Airbus and Boeing [3]. - Total deliveries increased to 429 shipsets in the first quarter of 2025, up from 307 in the same period of 2024, with significant increases in Boeing 737 deliveries [26]. Strategic Developments - The company is in the process of a merger with Boeing, expected to close in the third quarter of 2025, subject to regulatory approvals and other conditions [13]. - Spirit has also entered into a definitive agreement with Airbus for the divestiture of certain assets for $439 million, expected to close concurrently with the Boeing acquisition [14].
plete Solaria(CSLR) - 2025 Q1 - Earnings Call Transcript
2025-04-30 18:02
Financial Data and Key Metrics Changes - SunPower reported $121.27 million in profit for Q1 2025, a significant increase from a loss of $5.9 million in the previous quarter [6][7] - The company achieved profitability and cash flow positivity in the quarter, marking a turnaround from the previous quarter's losses [6][7] - Non-GAAP profit for the quarter was reported at $121.27 million, compared to $81.1 million in the prior quarter, indicating a 49% increase [6][10] Business Line Data and Key Metrics Changes - The company has streamlined its operations post-merger, reducing headcount from 3,500 to 906, which has contributed to cost savings and improved profitability [11][12][17] - The focus on maintaining a lean workforce has resulted in an annualized savings of $1.6 million [16][17] - Revenue per employee is currently at $369,000, which is considered strong for the solar industry [23] Market Data and Key Metrics Changes - SunPower's market performance has been relatively stable compared to competitors, with the company slightly ahead of industry averages despite market challenges [65] - The company is positioned to benefit from a strategic partnership with Sundar, a sales firm that will support growth and increase sales capacity [58] Company Strategy and Development Direction - SunPower aims to enhance its technology edge by partnering with REC for panels and Enphase for inverters, focusing on innovation in solar technology [86][109] - The company is committed to maintaining strong financials through disciplined cost management and strategic acquisitions, while being cautious about integrating new companies [68][70] - The management emphasizes the importance of customer satisfaction and quality service as a core value to differentiate from competitors [101][104] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the current challenges in the solar market but believes that SunPower is better positioned than many competitors [65] - The company is entering a new phase in the renewable energy sector, with a focus on scaling up production and improving supply chain efficiencies [44][45] - The management is optimistic about the future, leveraging decades of industry experience to navigate complex challenges [45][56] Other Important Information - SunPower has strengthened its board by adding three directors with extensive public company experience, enhancing governance and strategic oversight [59][61] - The company has rebranded itself to reflect its new direction and vision, which includes a focus on technology and customer service [66][100] Q&A Session Summary Question: What is the company's strategy for future growth? - The company plans to focus on technology partnerships and maintaining a lean operational structure to drive profitability and growth [86][68] Question: How is SunPower addressing customer satisfaction? - SunPower is committed to improving customer service and quality, with management personally involved in addressing customer issues [101][104] Question: What are the expectations for market performance moving forward? - Management believes that SunPower is positioned to perform better than competitors in the current market environment, despite overall industry challenges [65]
Looking for a Fast-paced Momentum Stock at a Bargain? Consider Spirit Aerosystems (SPR)
ZACKS· 2025-04-30 13:50
Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - A safer approach involves investing in bargain stocks that exhibit recent price momentum [2] Group 2: Spirit Aerosystems (SPR) Analysis - Spirit Aerosystems (SPR) has shown a four-week price change of 5.1%, indicating growing investor interest [3] - Over the past 12 weeks, SPR's stock gained 4.7%, with a beta of 1.41, suggesting it moves 41% more than the market [4] - SPR has a Momentum Score of B, indicating a favorable time to invest [5] Group 3: Earnings Estimates and Valuation - SPR has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [6] - The stock is trading at a Price-to-Sales ratio of 0.67, suggesting it is undervalued at 67 cents for each dollar of sales [6] Group 4: Additional Investment Opportunities - Besides SPR, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen [7] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles [8]
美股前瞻 | 三大股指期货齐跌 科技巨头财报携非农数据重磅来袭
智通财经网· 2025-04-28 11:48
Market Overview - US stock index futures are all down before the market opens, with Dow futures down 0.06%, S&P 500 futures down 0.12%, and Nasdaq futures down 0.07% [1] - Major European indices show positive performance, with Germany's DAX up 0.52%, UK's FTSE 100 up 0.11%, France's CAC40 up 0.72%, and the Euro Stoxx 50 up 0.50% [2][3] - WTI crude oil is down 0.33% at $62.81 per barrel, while Brent crude oil is down 0.36% at $65.56 per barrel [3][4] Economic Data and Corporate Earnings - The upcoming week is significant for economic data and corporate earnings, with the April non-farm payroll report and Q1 inflation data being key focuses [5] - 180 S&P 500 companies are set to report quarterly earnings, with major companies like Apple, Amazon, Coca-Cola, Eli Lilly, Meta, Microsoft, and Chevron in the spotlight [5] Corporate Actions - Spirit AeroSystems has reached an agreement with Airbus for the acquisition of certain assets, with Boeing repurchasing its previously divested business for $4.7 billion in stock [8] - Merck has announced a $3.9 billion acquisition of SpringWorks Therapeutics to enhance its oncology drug portfolio, with the deal valued at approximately $3.4 billion in enterprise value [9] - Amazon has seen prices of nearly 1,000 products rise by an average of 30% due to the impact of tariffs, affecting various categories from electronics to clothing [10] Earnings Forecast - Upcoming earnings reports include companies such as NXP Semiconductors, AstraZeneca, BP, Novartis, Deutsche Bank, HSBC, Coca-Cola, Pfizer, UPS, General Motors, Daqo New Energy, and JinkoSolar [11]
4月28日电,精神航空系统公司与空中客车公司签署资产剥离协议。
news flash· 2025-04-28 04:05
智通财经4月28日电,精神航空系统公司与空中客车公司签署资产剥离协议。 ...
Spirit AeroSystems Signs Divestiture Agreement with Airbus
Prnewswire· 2025-04-28 03:59
Core Viewpoint - Spirit AeroSystems Holdings, Inc. has entered into a definitive agreement with Airbus SE to transfer ownership of certain assets and sites related to the production of Airbus aerostructures, coinciding with Spirit's acquisition by The Boeing Company, both expected to close in the third quarter of 2025, pending regulatory approvals [1][8]. Group 1: Transaction Details - The divestiture includes assets in Subang, Malaysia, and other sites involved in the production of Airbus programs, which will be acquired by Airbus if no suitable buyer is found before the transaction closes [2][7]. - The assets being transferred include production facilities for A350 fuselage sections in Kinston, North Carolina, and St. Nazaire, France, as well as components for A321 and A220 in Casablanca, Morocco, and various other sites [7]. Group 2: Financial Support and Strategic Importance - Airbus will provide Spirit with non-interest-bearing lines of credit totaling $200 million to support Airbus programs, highlighting the strategic collaboration between the two companies [3]. - The agreement is viewed as a significant milestone for Spirit as it progresses towards the closing of the Boeing acquisition, benefiting Spirit and its stakeholders [3]. Group 3: Company Overview - Spirit AeroSystems is a leading manufacturer of aerostructures for commercial airplanes, defense platforms, and business/regional jets, with expertise in aluminum and advanced composite manufacturing [5]. - The company operates facilities in multiple countries, including the U.S., U.K., France, Malaysia, and Morocco, and focuses on innovative and reliable supply solutions for military and commercial aerospace [5].
空客收购供应商Spirit部分设施进入倒计时 涉 A350、A220生产
news flash· 2025-04-26 12:18
Core Viewpoint - Airbus is set to finalize a deal to acquire certain facilities from supplier Spirit Aero Systems, with an announcement expected as early as next week [1] Group 1: Acquisition Details - The acquisition involves Spirit's facilities located in Belfast, Northern Ireland, as well as operations in North Carolina, Morocco, and France [1] - The negotiations between Airbus and Spirit have been ongoing since last year [1] Group 2: Impact on Production - The deal will allow Airbus to streamline Spirit's contributions to key projects, particularly the A350 and A220 jet programs [1]
John Plueger to Depart Spirit AeroSystems Board After a Decade of Service
Prnewswire· 2025-04-23 11:00
Core Points - John L. Plueger, CEO of Air Lease Corporation, will leave the Spirit AeroSystems Board of Directors after 10 years of service, effective at the annual meeting on May 23, 2025 [1][2] - Plueger's departure is due to his expanded responsibilities at Air Lease Corporation following the retirement of its executive chairman, Steven Udvar-Házy [2][3] - Robert D. Johnson, Chairman of Spirit AeroSystems, acknowledged Plueger's contributions, highlighting his aerospace expertise and leadership during challenging times, including a transformative merger agreement with Boeing [3] Company Overview - Spirit AeroSystems is one of the largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business/regional jets [4] - The company specializes in aluminum and advanced composite manufacturing solutions, with core products including fuselages, integrated wings, wing components, pylons, and nacelles [4] - Spirit AeroSystems is headquartered in Wichita, Kansas, and has facilities in the U.S., U.K., France, Malaysia, and Morocco [4]
Spirit Aerosystems (SPR) Reports Q4 Loss, Misses Revenue Estimates
ZACKS· 2025-02-28 23:35
分组1 - Spirit Aerosystems reported a quarterly loss of $4.22 per share, significantly worse than the Zacks Consensus Estimate of a loss of $1.86, marking an earnings surprise of -126.88% [1] - The company posted revenues of $1.65 billion for the quarter ended December 2024, missing the Zacks Consensus Estimate by 1.06%, and down from $1.81 billion a year ago [2] - The stock has added about 1.1% since the beginning of the year, outperforming the S&P 500, which declined by -0.3% [3] 分组2 - The earnings outlook for Spirit Aerosystems is currently unfavorable, leading to a Zacks Rank 5 (Strong Sell) for the stock, indicating expected underperformance in the near future [6] - The current consensus EPS estimate for the coming quarter is -$0.39 on revenues of $1.69 billion, and -$0.25 on revenues of $7.53 billion for the current fiscal year [7] - The Aerospace - Defense Equipment industry is currently in the top 32% of Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]