secwatch.observer — SEC 8-K summary
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Issuer:     Spirit AeroSystems Holdings, Inc. (—)
CIK:        0001364885
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001628280-24-020855
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spirit AeroSystems Q1 loss $5.31/sh; revenue $1.7B; forward losses $495M; Boeing acquisition talks ongoing
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- EPS $(5.31) (adjusted $(3.93)), revenue $1.7B (+19% YoY), operating loss $(528)M.
- Forward losses of $495.4M, mainly A350 ($280.8M) and A220 ($167.0M).
- Cash from operations $(416)M, FCF $(444)M; cash balance $352M vs $824M Dec 31.
- Boeing 737 rate ~31/mo through year-end; delivery delays increased inventory; $425M Boeing cash advance received Q2.
- No guidance provided; expect incremental $50-60M forward loss in Q2 from 787 schedule change.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364885/000162828024020855/0001628280-24-020855-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364885/000162828024020855/spr-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-020855

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer