NYSE$SPR
Spirit AeroSystems Holdings Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Spirit AeroSystems reported second quarter 2023 results, impacted by a strike and other factors.
Spirit AeroSystems reported revenues of $1.4 billion and an EPS of $(1.96) for the second quarter of 2023. The company faced challenges including a strike, rework related to the vertical fin attach fittings issue, and forward losses on key programs.
- Revenues reached $1.4 billion.
- EPS was $(1.96); Adjusted EPS* was $(1.46).
- Cash used in operations totaled $183 million; Free cash flow* usage was $211 million.
- Rework related to the vertical fin attach fittings issue on available units in Wichita was completed.
Headline financials
Revenue & EPS history
Spirit AeroSystems · Revenue · Quarterly
$1.37B
Revenue by segment
Spirit AeroSystems · $1.18B total across 2 segments · Q2 2023
- Commercial$1.08B+5.0%92.2%
- Aftermarket$92.1M+14.6%7.8%
Forward guidance
The work stoppage from the IAM strike will reduce full-year 737 deliveries to the range of 370 to 390 units, which will negatively impact expected revenue, earnings and cash flow for 2023.
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 Q2 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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