Spirit AeroSystems Reports Q1 2018 Financial Results; Announces Acquisition of Asco Industries; Plans Debt Refinancing; Announces $725 Million Accelerated Share Repurchase Plan; Increased Dividend by

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Go back to Spirit AeroSystems Reports Q1 2018 Financial Results; Announces Acquisition of Asco Industries; Plans Debt Refinancing; Announces $725 Million Accelerated Share Repurchase Plan; Increased Dividend by

Spirit AeroSystems (SPR) Misses Q1 EPS by 25c, Approves $735M ASR, Raises Dividend

May 2, 2018 7:35 AM EDT

Spirit AeroSystems (NYSE: SPR) reported Q1 EPS of $1.10, $0.25 worse than the analyst estimate of $1.35. Revenue for the quarter came in at $1.74 billion versus the consensus estimate of $1.71 billion.

Financial Outlook

"We incurred substantially higher costs in the first quarter related to supplier disruption,... More