Overview

* Spirit AeroSystems ( SPR ) Q3 revenue and adjusted loss per share missed analyst expectations

* Company's operating loss increased due to higher changes in estimates charges and lower program margins on Boeing programs

* Pending Boeing acquisition expected to close in Q4 2025, subject to approvals

Outlook

* Spirit AeroSystems ( SPR ) will not provide guidance due to the pending merger with Boeing

* Company highlights need for additional funding to sustain operations

* Merger with Boeing expected to close in Q4 2025, subject to conditions

Result Drivers

* HIGHER PRODUCTION ACTIVITY - Revenue increase attributed to higher production activity on Boeing, Airbus, and Defense & Space programs

* FORWARD LOSSES - Net forward losses driven by supply chain and production cost growth on Boeing and Airbus programs

* LOWER PROGRAM MARGINS - Operating loss increased due to lower margins on Boeing programs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $1.59 $1.94

Revenue bln bln (5

Analysts

)

Q3 Miss -$4.87 -$0.62

Adjusted (4

EPS Analysts

)

Q3 EPS -$6.16

Q3 Net -$724

Income mln

Q3 -$647

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the aerospace & defense peer group is "buy."

* Wall Street's median 12-month price target for Spirit AeroSystems Holdings Inc ( SPR ) is $40.00, about 9.2% above its October 30 closing price of $36.33

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)