No Data
No Data
Spirit AeroSystems Non-GAAP EPS of -$3.03, Revenue of $1.5B Misses by $400M
Workers reject the latest pay raise proposal! Severe plight continues to haunt boeing(BA.US)
About 64% of the striking workers rejected a 35% pay raise; the strike hampered Boeing's recovery process from multiple crises.
Spirit Aerosystems' third-quarter revenue was lower than expected, with a significant year-on-year increase in net loss.
Gelonghui on October 24th | Boeing supplier Spirit AeroSystems announced its third-quarter performance, with revenue of $1.47 billion, a 2% year-on-year increase, lower than analysts' expected $1.67 billion; a net loss of $0.477 billion, analysts expected a loss of $0.204 billion; adjusted loss per share of $3.03, analysts expected a loss per share of $0.61. The company's CEO, Pat Shanahan, stated that the process of being acquired by Boeing is still on track and is expected to be completed by mid-2025. The company had previously announced that 700 workers would be laid off.
Spirit AeroSystems Widens Loss, Posts Lower-Than-Expected 3Q Earnings
Spirit Aerosystems (SPR) Reports Q3 Loss, Lags Revenue Estimates
Spirit Aerosystems: Q3 Earnings Snapshot