Spirit AeroSystems (NYSE: SPR) reported Q3 EPS of $1.26, in-line with the analyst estimate of $1.26. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.73 billion.

Financial Outlook

"For 2017 we are reaffirming our guidance. Also, as we highlighted at our recent Investor Day, we have increased our long-term objective for free cash flow as a percent of sales from 6% - 8% to 7% - 9%," Gentile said.

Third Quarter 2017 Results and Highlights

• Finalized definitive agreements with Boeing to settle open commercial issues on a range of programs into 2022
• Revenue of $1.7 billion, up 2% y/y
• Earnings per share (EPS) of $1.26; up 9% y/y
• Cash from operations of $291 million, up 9% y/y; Free cash flow* of $240 million, up 12% y/y
• Repurchased 2.7 million shares for $194 million at an average share price of $72.23

GUIDANCE:

Spirit AeroSystems sees FY2017 EPS of $5.00-$5.25, versus the consensus of $5.25. Spirit AeroSystems sees FY2017 revenue of $6.8-6.9 billion, versus the consensus of $6.92 billion.

For earnings history and earnings-related data on Spirit AeroSystems (SPR) click here.