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Spirit AeroSystems Q1 Adjusted Loss Widens, Revenue Rises; Confirms Takeover Talks With Boeing
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Spirit AeroSystems Q1 Adjusted Loss Widens, Revenue Rises; Confirms Takeover Talks With Boeing
May 7, 2024 6:19 AM

08:45 AM EDT, 05/07/2024 (MT Newswires) -- Spirit AeroSystems Holdings ( SPR ) reported a fiscal Q1 adjusted loss Tuesday of $3.93 per diluted share, wider than the loss of $1.69 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.58.

Net revenue for the quarter ended March 28 was $1.70 billion, up from $1.43 billion a year earlier. Analysts surveyed by Capital IQ expected $1.62 billion.

Spirit said it is "currently engaged" in talks with Boeing (BA) about a potential takeover and will not provide guidance until it has more details about the acquisition, 737 MAX delivery and production timing, as well as ongoing commercial negotiations with Airbus.

Shares of the company were down by nearly 4% in recent Tuesday premarket activity.

Price: 31.50, Change: -1.52, Percent Change: -4.60

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