Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Up’s Revenue by 10% in 3Q

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Dallas, Texas 11/05/2013 (Financialstrend) – Spirit AeroSystems Holdings, Inc. (NYSE:SPR) is an independent non-original equipment manufacturer (OEM) of aircraft parts. The company is also into design and manufacturer of commercial aero structures. They are independent suppliers of aero structures to The Boeing Company (Boeing) and also to Airbus. It is also understood that they are engaged in production of the majority of the airframe content for under construction Boeing B737. Spirit Aero Systems operates in key three segments. These are Fuselage Systems, Propulsion Systems and Wing Systems. 

Larry Lawson who is the President and Chief Executive Officer of Spirit Aerosystems Inc who is also the member of US Government Security Committee said the company had brought in some recent changes which helped the company stage a turnaround. In recent years the firm profits were marred by cost overruns which were addressed by selling off assets and also by undertaking reduction in workforce. The company is also all set to sell its Oklahoma operations. These operations currently handle wing design for Gulfstream, a subsidiary of General Dynamics Corp, and some Boeing jets.

Lawson mentioned that the company was able to increase its bottom-line last quarter, as they reduced costs. Spirit AeroSystems shares soared in the last couple of trading sessions when the company announced on November 1 that its third-quarter earnings came in at $0.65 per share, beating estimates and reversing last year’s $0.54 net loss. Spirit’s Revenue was up 10% YOY and its adjusted operating margin came in at 11.3% thanks largely to cost cuts.

Analysts believe that with the aircraft demand is all set to double over the next decade as the emerging markets drive passenger growth and airlines in developed markets look to replace the old fleets with more fuel-efficient planes and Spirit Aerosystems is all set to reap the benefits. Most of the analysts expect the stock to do well both in the near and long term.

 

 

 

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Up’s Revenue by 10% in 3Q

 

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) is an independent non-original equipment manufacturer (OEM) of aircraft parts. The company is also into design and manufacturer of commercial aero structures. They are independent suppliers of aero structures to The Boeing Company (Boeing) and also to Airbus. It is also understood that they are engaged in production of the majority of the airframe content for under construction Boeing B737. Spirit Aero Systems operates in key three segments. These are Fuselage Systems, Propulsion Systems and Wing Systems.

 

Larry Lawson who is the President and Chief Executive Officer of Spirit Aerosystems Inc who is also the member of US Government Security Committee said the company had brought in some recent changes which helped the company stage a turnaround. In recent years the firm profits were marred by cost overruns which were addressed by selling off assets and also by undertaking reduction in workforce. The company is also all set to sell its Oklahoma operations. These operations currently handle wing design for Gulfstream, a subsidiary of General Dynamics Corp, and some Boeing jets.

 

Lawson mentioned that the company was able to increase its bottom-line last quarter, as they reduced costs. Spirit AeroSystems shares soared in the last couple of trading sessions when the company announced on November 1 that its third-quarter earnings came in at $0.65 per share, beating estimates and reversing last year’s $0.54 net loss. Spirit’s Revenue was up 10% YOY and its adjusted operating margin came in at 11.3% thanks largely to cost cuts.

 

Analysts believe that with the aircraft demand is all set to double over the next decade as the emerging markets drive passenger growth and airlines in developed markets look to replace the old fleets with more fuel-efficient planes and Spirit Aerosystems is all set to reap the benefits. Most of the analysts expect the stock to do well both in the near and long term.

 

 

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