Spirit Aerosys Stock Price, News & Analysis

Spirit AeroSystems Holdings has appointed James R. Ray Jr. to its Board of Directors, effective February 14, 2022. Ray, who brings 25 years of senior executive experience in global manufacturing and business transformation, will also join the Compensation and Risk Committees. Previously, he held leadership roles at Stanley Black & Decker, TE Connectivity, Delphi, and General Motors. This addition aims to strengthen Spirit's strategic execution in Commercial, Defense & Space, and Aftermarket segments, especially as the company focuses on growth in these areas.

Spirit AeroSystems (NYSE: SPR) will host an Investor Day on March 2, 2022, focusing on its long-term growth, diversification strategies, financial framework, and innovation initiatives. Key presenters include CEO Tom Gentile and CFO Mark Suchinski. The event will be streamed live from 9:00 a.m. to 1:00 p.m. Eastern Time, with a replay available afterward. Spirit AeroSystems is a leading manufacturer of aerostructures for various aircraft types, headquartered in Wichita, Kansas, with manufacturing facilities globally.

Spirit AeroSystems Holdings, Inc. (NYSE: SPR) CEO Tom Gentile will participate virtually in the Cowen 43rd Annual Aerospace/Defense & Industrials Conference on February 10, 2022, at 9:20 a.m. ET. The webcast will be accessible at investor.spiritaero.com, with a replay available for one year post-event. Spirit AeroSystems is a leading manufacturer of aerostructures for commercial and defense aircraft, with operations in multiple countries including the U.S., U.K., France, Malaysia, and Morocco.

Spirit AeroSystems reported a Q4 2021 revenue of $1.1 billion, marking a 22% year-over-year increase. Full-year revenue reached $4.0 billion, up 16% y/y. Despite these gains, the company reported a net loss of $120 million in Q4, a 59% improvement y/y. Adjusted EPS was $(0.84), reflecting a 36% improvement. Cash from operations improved significantly, reaching $(63 million), a 92% increase y/y. Spirit's backlog stood at approximately $35 billion at the end of 2021, bolstered by increased production on the Boeing 737.

Spirit AeroSystems (NYSE:SPR) has declared a regular quarterly $0.01 cash dividend for its outstanding common stock, set to be paid on April 8, 2022. Investors on record as of March 18, 2022 will receive the dividend. This decision underscores the company's commitment to providing returns to shareholders amid ongoing operational activities in aerostructures manufacturing.

Spirit AeroSystems Holdings, Inc. (NYSE: SPR) will announce its fourth quarter and full-year 2021 financial results on February 2, 2022, at 6:30 a.m. Central Time. Following the results, a conference call will take place at 10 a.m. Central Time, featuring CEO Tom Gentile and other key executives discussing the financial outcomes and providing insights into the company's outlook. The presentation will include a live audio stream and a Q&A session, accessible via the investor relations website. Spirit AeroSystems specializes in manufacturing aerostructures for various aircraft.

Spirit AeroSystems has appointed William A. Fitzgerald and Patrick M. Shanahan to its Board of Directors effective November 12. Fitzgerald, a seasoned executive with extensive experience in commercial aviation, previously held roles at GE Aviation. Shanahan brings 31 years of experience from Boeing and served as former Deputy Secretary of Defense. Both appointees are expected to enhance the company's strategy in commercial, defense, and space markets.

Spirit AeroSystems reported third-quarter 2021 results, showcasing a 22% revenue increase to $980 million compared to $806 million in 2020. Operating loss improved to $(157 million), down from $(177 million). EPS also showed improvement, at $(1.09) versus $(1.50) year-over-year. Shipset deliveries rose to 250, including 47 Boeing 737s. Despite challenges, the backlog remained strong at approximately $33 billion. Cash flow from operations was $211 million, a significant turnaround from $(53 million) in Q3 2020.

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) declared a $0.01 per share cash dividend on its common stock. The dividend will be paid on January 3, 2022, to stockholders on record as of the close of business on December 13, 2021. This announcement reflects the company's commitment to returning value to its shareholders while continuing to adapt to market conditions.