NYSE$SPR

Spirit AeroSystems Holdings Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Spirit AeroSystems reported a challenging fourth quarter and full-year 2022 due to supply chain disruptions and labor attrition, impacting deliveries and profitability.

Spirit AeroSystems' Q4 2022 revenue increased by 23% to $1.3 billion, driven by higher Boeing 737 deliveries and increased Defense and Space revenue. However, the company reported an operating loss of $138.8 million and a net loss of $243 million, with cash used in operations of $27 million and negative free cash flow of $66 million.

  • Revenue increased by 23% to $1.3 billion due to higher Boeing 737 deliveries and increased Defense and Space revenue.
  • Operating loss was $138.8 million, driven by higher changes in estimates and the absence of AMJP Program income.
  • Net loss was $243 million, impacted by increased operating loss and other expenses.
  • Free cash flow usage was $66 million, within the previously indicated range.

Headline financials

Total Revenue

$1.32B

Previous: $1.07B+23.4%
EPS (adj)

-$1.46

Previous: -$0.84-73.8%
Capital Expenditures

$38.9M

Previous: $60.6M-35.8%
Free Cash Flow

-$66M

Previous: -$137M+51.9%
Net Income

-$243M

Previous: -$120M-102.0%
Operating Income

-$139M

Previous: -$79M-75.7%
Gross Profit

-$49.5M

Previous: $8.7M-669.0%
Cash & Equivalents

$659M

Previous: $1.48B-55.4%
Total Assets

$6.67B

Previous: $7.74B-13.8%
Stock-Based Comp

$36.6M

Previous: $25.8M+41.9%

Revenue & EPS history

Spirit AeroSystems · Revenue · Quarterly

$1.32B

Q4 2022+23.4%vs Q4 2021
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

Spirit AeroSystems · $1.14B total across 2 segments · Q4 2022

  • Commercial
    $1.06B+26.0%
  • Aftermarket
    $72.9M-1.2%

Forward guidance

Spirit AeroSystems plans to produce approximately 420 737 shipsets in 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 Q4 2022

Historical avgQ4 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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