Spirit AeroSystems (SPR) Tops Q3 EPS by 6c, Revenues Miss; Reiterates FY18 EPS/Revenue Outlook

Spirit AeroSystems (NYSE: SPR) reported Q3 EPS of $1.70, $0.06 better than the analyst estimate of $1.64. Revenue for the quarter came in at $1.81 billion versus the consensus estimate of $1.83 billion.

"A full schedule recovery and subsequent cost reduction of the 737 line has been a primary focus while sustaining execution across all programs. We made great progress continuing to improve the consistency and efficiency of 737 deliveries during the quarter, and are now fully recovered to our delivery schedule," said Spirit President and CEO Tom Gentile. "All other programs, including the A320 and the A350, are on schedule. We are also on track to increase rate to 57 airplanes per month on 737 and 14 airplanes per month on 787, both of which occur next year."

GUIDANCE:

Spirit AeroSystems sees FY2018 EPS of $6.10-$6.35, versus the consensus of $6.22. Spirit AeroSystems sees FY2018 revenue of $7.2-7.3 billion, versus the consensus of $7.27 billion.

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

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