NYSE$SPR
Spirit AeroSystems Holdings Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Spirit AeroSystems reported a challenging Q2 2024 with revenue increase offset by Boeing 737 delivery delays and significant estimate changes, resulting in operating and net losses.
Spirit AeroSystems reported Q2 2024 revenues of $1.5 billion but experienced a net loss of $415 million, or $(3.56) per share, impacted by Boeing 737 delivery delays and unfavorable estimate changes. The company's free cash flow usage was $597 million. Spirit is currently working on liquidity improvement plans, including a merger agreement with Boeing expected to close in mid-2025.
- Revenues increased to $1.5 billion, driven by higher production activities on most commercial programs and increased Defense and Space revenues, but were partially offset by lower Boeing 737 program volume.
- EPS was $(3.56), and adjusted EPS was $(2.73), excluding the incremental deferred tax asset valuation allowance.
- Operating loss was significantly impacted by net forward losses of $214 million and unfavorable cumulative catch-up adjustments of $52 million.
- Free cash flow usage was $597 million due to Boeing 737 delivery delays related to a joint production verification process.
Headline financials
Revenue & EPS history
Spirit AeroSystems · Revenue · Quarterly
$1.49B
Revenue by segment
Spirit AeroSystems · $1.23B total across 2 segments · Q3 2023
- Commercial$1.14B—92.2%
- Aftermarket$96.8M—7.8%
Forward guidance
In light of the previously announced merger agreement with Boeing, and consistent with customary practice during the pendency of such transactions, Spirit will no longer provide guidance.
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 2024
-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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