Spirit is through its turnaround period and now faces a ramp-up on the A350 and 737 MAX programs.
No-moat Spirit Aerosystems reported fourth-quarter and full-year 2016 results below consensus. Compared with the same quarter last year, adjusted EPS fell $0.06 to $0.89, while revenue fell 2.4% to $1.57 billion. More importantly, 2017 guidance came in below market consensus and slightly below our forecasts, with the following midpoints: $6.85 billion revenue, $4.73 EPS, and $475 million free cash flow. We were anticipating higher revenue and slightly better EPS, but free cash flow guidance came...Spirit AeroSystems Holdings is an independent non-Original Equipment Manufacturer commercial aerostructures designer and manufacturer. The company has three segments: Fuselage Systems, which includes development, production and marketing of forward, mid and rear fuselage sections and systems, and related spares and maintenance, repair, and overhaul (MRO) services; Propulsion Systems, which includes development, production and marketing of struts/pylons, nacelles, and related engine structural components, and related spares and MRO services; and Wing Systems, which includes development, production and marketing of wings and wing components, as well as related spares and MRO services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.