Spirit AeroSystems Reports First Quarter 2021 Results
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Spirit AeroSystems (SPR) Misses Q1 EPS by 36c
May 5, 2021 7:34 AM EDTSpirit AeroSystems (NYSE: SPR) reported Q1 EPS of ($1.22), $0.36 worse than the analyst estimate of ($0.86). Revenue for the quarter came in at $901 million versus the consensus estimate of $901.12 million.
Delivered 269 shipsets, compared to 324 in Q1 2020 including 29 737 MAX shipsets in Q1 2021 compared to 18 in Q1 2020; expect to deliver about 160 737 MAX shipsets in 2021$901 million in Q1 2021 revenue, compared to $1,077 million in Q1 2020Cash used in operations of $(170) million and free cash flow* of $(198)... More