Spirit AeroSystems (NYSE: SPR) reported Q2 EPS of $1.63, $0.11 better than the analyst estimate of $1.52. Revenue for the quarter came in at $1.84 billion versus the consensus estimate of $1.82 billion.

"Our focus in the second quarter was on executing actions highlighted during the first quarter earnings call," said Spirit President and CEO Tom Gentile. "We were focused on recovering delivery commitments to our customers and made good progress on that. We achieved record deliveries, including 169 Boeing 737 shipsets, representing a 32 percent increase over the first quarter. We have to continue improving the consistency and efficiency of deliveries to support our customer, but this delivery level gives us confidence in our ability to meet announced rate increases this year and next. In addition, we started to see some recovery in margins and we expect to see further improvement in the second half of the year as we continue to focus on execution. We also completed debt financing of $1.3 billion, initiated a $725 million ASR, and made progress on the Asco acquisition."

GUIDANCE:

Spirit AeroSystems sees FY2018 EPS of $6.25-$6.50. Spirit AeroSystems sees FY2018 revenue of $7.1-7.2 billion.

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