Spirit AeroSystems Reports Solid Q2 2019 Results

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Go back to Spirit AeroSystems Reports Solid Q2 2019 Results

Spirit AeroSystems (SPR) Tops Q2 EPS by 7c, Revenues Beat

July 31, 2019 7:04 AM EDT

Spirit AeroSystems (NYSE: SPR) reported Q2 EPS of $1.71, $0.07 better than the analyst estimate of $1.64. Revenue for the quarter came in at $2.02 billion versus the consensus estimate of $1.98 billion.

737 MAX Program Update

As a result of the 737 MAX grounding and subsequent Memorandum of Agreement with Boeing in April 2019, Spirit implemented cost-reduction plans to mitigate the impact of the lower 737 production schedule. These actions include reduced levels of overtime and... More