Spirit AeroSystems (SPR) Misses Q1 EPS by 36c
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Spirit AeroSystems Reports First Quarter 2021 Results
May 5, 2021 7:30 AM EDTWICHITA, Kan., May 5, 2021 /PRNewswire/ --
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 2020 Cash used in operations of $(170) million and free cash flow* of $(198) million in Q1 2021 compared to cash used in operations of $(331) million and free cash flow* of $(362) million in Q1 2020 Full-year 2021 cash used in operations is expected to be between $(50) to $(150) million; full-year 2021 free cash flow* is expected to be between $(200) and $(300) million... More