Spirit AeroSystems (SPR) Q4 Revenue and Guidance Tops Views
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Spirit AeroSystems Reports Strong 2017 Results in-line with Guidance; Issues Guidance for 2018 Reflecting Continued Growth; Increases Share Repurchase Authorization up to $1 Billion
February 2, 2018 7:30 AM ESTFourth Quarter 2017 Results
- Revenue of $1.7 billion, up 9% y/y
- Earnings per share (EPS) of $1.07; Adjusted EPS* of $1.32, up 48% y/y
- Cash from operations of $(51) million; Free cash flow* of $(185) million, which takes into account the planned $236 million of 787 interim pricing repaid to Boeing
- Adjusted free cash flow* of $51 million, up 13% y/y
- Repurchased 1.2 million shares for $100 million at an average share price of $83.78
Full-Year 2017 Results
- Revenue of $7.0 billion, up 3% y/y
- EPS of $3.01; Adjusted EPS* of $5.35, up... More
