Spirit AeroSystems (SPR) Tops Q3 EPS by 9c, Raises FY Guidance, Approves $600M Buyback
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Spirit AeroSystems Holdings, Inc., Reports Third Quarter 2016 Financial Results; Raises Full-Year Guidance on Revenue, EPS, and Cash; Completed Existing Repurchase Program and Announces New $600 Milli
November 1, 2016 7:30 AM EDTWICHITA, Kan., Nov. 1, 2016 /PRNewswire/ --
Third Quarter 2016 Results and Highlights
Strong performance: Revenue of $1.7 billion, up 7% y/y Earnings per share (EPS) of $1.16 Free cash flow* of $214 million Purchased 7.4 million shares for $332 million, completed existing share repurchase program Announces new share repurchase program of up to $600 million Initiates quarterly dividend of $0.10 per share Raises full-year 2016 guidance: Revenue increased $100 million to $6.7 - $6.8 billion EPS increased from $3.45 - $3.65 to $3.65 - $3.80 (Adjusted EPS* of $4.50 - $4.65) Free cash flow* increased... More
