UPDATE: Baird Downgrades Spirit AeroSystems (SPR) to Neutral
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Spirit AeroSystems Reports Third Quarter 2022 Results
November 3, 2022 7:30 AM EDTThird Quarter 2022
Revenue of $1.3 billion, up 30% y/y Executing U.S. pension termination which will include negative EPS impacts in 2022 and 2023, with expected favorable after-tax cash impact in the range of $120 - $150 million in 2023 EPS of $(1.22); Adjusted EPS* of $(0.15) Cash used in operations of $36 million; Free cash flow* usage of $73 million Launching cost optimization program to enhance profitability and cash flow in 2023WICHITA, Kan.--(BUSINESS WIRE)-- Spirit AeroSystems Holdings, Inc. (NYSE: SPR) (Spirit or the Company) reported third quarter and nine months 2022 financial... More
