Spirit AeroSystems Holdings Earnings: Everything You Must Know Now

Spirit AeroSystems Holdings Inc (NYSE:SPR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Spirit AeroSystems Holdings Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 200% to $0.72 in the quarter versus EPS of $0.24 in the year-earlier quarter.

Revenue: Rose 13.42% to $1.52 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Spirit AeroSystems Holdings Inc reported adjusted EPS income of $0.72 per share. By that measure, the company beat the mean analyst estimate of $0.50. It beat the average revenue estimate of $1.48 billion.

Quoting Management: “We made progress on the strategic and financial review during the second quarter of 2013, and have already taken several actions, including the previously announced initiation of the process to divest our Oklahoma sites,” said President and Chief Executive Officer Larry Lawson. “This is the result of a strategic decision to target our resources more towards value-added engineering and manufacturing where we have the strongest competitive advantage and potential for growth. Tactically, we’re aligning the company towards its customers and programs, we’re taking action to reduce our costs, and are adding talent to our leadership team.”

Key Stats (on next page)…

Revenue increased 5.46% from $1.44 billion in the previous quarter. EPS increased 26.32% from $0.57 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.52 to a profit $0.53. For the current year, the average estimate has moved down from a profit of $2.13 to a profit of $1.59 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)