NYSE$SPR
Spirit AeroSystems Holdings Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Spirit AeroSystems reported first quarter 2023 financial results, with revenues of $1.4 billion and an EPS of $(2.68).
Spirit AeroSystems reported a 22% increase in revenue to $1.4 billion for the first quarter of 2023. However, the company experienced a net loss of $281 million, resulting in a loss per share of $(2.68). Adjusted EPS was $(1.69). The company's backlog remains strong at approximately $37 billion.
- Revenues increased by 22% to $1.4 billion compared to the same period in 2022.
- EPS was $(2.68), while adjusted EPS was $(1.69).
- Cash used in operations was $46 million, and free cash flow usage was $69 million.
- A quality issue was identified on the vertical fin attach fittings of certain models of the 737 fuselage, leading to expected disruptions and rework costs.
Headline financials
Revenue & EPS history
Spirit AeroSystems · Revenue · Quarterly
$1.43B
Revenue by segment
Spirit AeroSystems · $1.24B total across 2 segments · Q1 2023
- Commercial$1.15B+22.4%92.4%
- Aftermarket$94.5M+21.5%7.6%
Forward guidance
The company expects disruptions and rework within Spirit’s Wichita factory to negatively impact full-year gross profit by $31 million, of which $17 million is reflected in the first quarter 2023 financial results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q1 2023
-0.4%
Avg return
Earnings day
-2.4%
Avg return
5 days after
-1.9%
Avg return
30 days after
52%
35 / 67 earnings
Positive
+18.0%
Q2 2017
Best reaction
-28.9%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | +0.7% | -1.8% | -1.1% | |
| Q2 2025 | +0.5% | +0.6% | +3.9% | |
| Q1 2025 | +0.7% | +2.1% | +4.2% | |
| Q4 2024 | +1.3% | -2.1% | +2.1% | |
| Q3 2024 | -3.3% | -4.1% | -0.9% | |
| Q2 2024 | -2.5% | -1.5% | -1.7% | |
| Q1 2024 | -6.4% | -6.8% | -7.8% | |
| Q4 2023 | +6.1% | +8.6% | +33.6% | |
| Q3 2023 | +11.9% | +8.9% | +21.7% | |
| Q2 2023 | -28.9% | -26.2% | -32.0% | |
| Q1 2023 | -17.9% | -18.4% | -5.2% | |
| Q4 2022 | +6.8% | +0.8% | -6.7% | |
| Q3 2022 | -0.8% | +16.3% | +16.3% | |
| Q2 2022 | -10.6% | -10.1% | -15.5% | |
| Q1 2022 | -12.4% | -25.8% | -23.7% | |
| Q4 2021 | +3.0% | +9.0% | -7.1% | |
| Q3 2021 | -5.3% | +9.2% | -12.2% | |
| Q2 2021 | -5.0% | — | — | |
| Q1 2021 | -2.8% | — | — | |
| Q4 2020 | +4.0% | — | — | |
| Q3 2020 | +4.9% | — | — | |
| Q2 2020 | +6.9% | — | — | |
| Q1 2020 | -0.2% | — | — | |
| Q4 2019 | -5.5% | — | — | |
| Q3 2019 | +5.2% | — | — | |
| Q2 2019 | -0.6% | — | — | |
| Q1 2019 | +0.3% | — | — | |
| Q4 2018 | +6.9% | — | — | |
| Q3 2018 | +5.6% | — | — | |
| Q2 2018 | -7.4% | — | — | |
| Q1 2018 | +3.6% | — | — | |
| Q4 2017 | -14.0% | — | — | |
| Q3 2017 | +3.1% | — | — | |
| Q2 2017 | +18.0% | — | — | |
| Q1 2017 | -7.4% | — | — | |
| Q4 2016 | -8.9% | — | — | |
| Q3 2016 | +6.2% | — | — | |
| Q2 2016 | +2.9% | — | — | |
| Q1 2016 | -3.6% | — | — | |
| Q4 2015 | +8.7% | — | — | |
| Q3 2015 | +3.6% | — | — | |
| Q2 2015 | +5.5% | — | — | |
| Q1 2015 | -2.0% | — | — | |
| Q4 2014 | +3.5% | — | — | |
| Q3 2014 | +5.7% | — | — | |
| Q2 2014 | +13.5% | — | — | |
| Q1 2014 | +9.9% | — | — | |
| Q4 2013 | -17.9% | — | — | |
| Q3 2013 | +9.3% | — | — | |
| Q2 2013 | +0.1% | — | — | |
| Q1 2013 | +3.9% | — | — | |
| Q4 2012 | +4.4% | — | — | |
| Q3 2012 | -2.1% | — | — | |
| Q2 2012 | +5.4% | — | — | |
| Q1 2012 | -3.0% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q3 2011 | -0.8% | — | — | |
| Q2 2011 | -16.8% | — | — | |
| Q1 2010 | -1.1% | — | — | |
| Q1 2011 | -1.1% | — | — | |
| Q4 2008 | -3.2% | — | — | |
| Q2 2010 | -3.2% | — | — | |
| Q4 2010 | -3.2% | — | — | |
| Q3 2010 | +0.7% | — | — | |
| Q3 2009 | +0.7% | — | — | |
| Q2 2009 | -0.6% | — | — | |
| Q4 2009 | -0.6% | — | — |
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