Spirit AeroSystems (SPR) Tops Q2 EPS by 15c; Updates FY16 Outlook
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Spirit AeroSystems Holdings, Inc., Reports Second Quarter 2016 Financial Results Following Comprehensive Agreement with Airbus; Revenue of $1.8 Billion, Fully Diluted EPS of $0.35 (Adjusted EPS of $1.
August 3, 2016 7:30 AM EDTWICHITA, Kan., Aug. 3, 2016 /PRNewswire/ --
Second Quarter 2016 Highlights
Spirit reaches comprehensive long-term agreement with Airbus and extends A350 XWB block size to 800 shipsets Revises earnings per share (EPS) guidance to $3.45 - $3.65, reflecting $0.86 per share impact for one-time items which includes an additional net forward-loss of $135.7 million on the A350 XWB program Raises free cash flow guidance to $350 - $400 million* Continues to execute on previously announced $600 million share repurchase program with $152 million purchased in 2Q 2016Second Quarter 2016 Consolidated Results
Total... More