Spirit Aerosystems ( (SPR) ) has released its Q1 earnings. Here is a breakdown of the information Spirit Aerosystems presented to its investors.
Spirit AeroSystems Holdings, Inc., a key player in the aerospace manufacturing industry, specializes in the production of aerostructures for both commercial and defense sectors, with a significant focus on Boeing and Airbus programs. In its first quarter of 2025, Spirit AeroSystems reported revenues of $1.5 billion, a decrease from the previous year, primarily due to reduced production activity on Boeing programs. The company also faced an operating loss of $487 million, although this was an improvement from the same period in 2024, thanks to gains from the sale of Fiber Materials, Inc. and lower changes in estimates. Despite increased deliveries, particularly for the Boeing 737, the company’s cash flow remained negative, with cash used in operations amounting to $420 million. The company’s backlog stands at approximately $48 billion, reflecting its ongoing commitments across various commercial platforms. Looking ahead, Spirit AeroSystems faces challenges in improving liquidity and sustaining operations, with plans to enhance efficiency and secure additional funding. The anticipated merger with Boeing and divestiture of assets to Airbus are pivotal developments expected to shape the company’s future trajectory.