Spirit AeroSystems Hldgs Azioni (NYSE: SPR)

Spirit AeroSystems Hldgs (NYSE:SPR) Azioni

Spirit AeroSystems Hldgs

Spirit AeroSystems manufactures aerostructures, particularly fuselages, cockpits, wing sections, engine pylons, and nacelles for commercial and military aircraft. The company was spun out of Boeing in 2005 to become the largest independent supplier of aerostructures for commercial aircraft. Boeing and Airbus are the firm's primary customers—Boeing represented roughly 60% and Airbus roughly 20% of revenue in recent years. The company is highly exposed to Boeing's beleaguered 737 program, which accounts for nearly half the company's revenue. The company plans to be acquired by and reintegrated into Boeing in mid-2025.

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Shares of industrial stocks are trading lower amid macroeconomic concerns due to rising global trade tensions.

News

Guidance

Spirit AeroSystems Says In Light Of Merger Agreement With Boeing, Will Not Provide Guidance

Spirit Aerosystems Says Overall Deliveries Increased During  Q4 Of 2024 Compared To The Same Period Of 2023, Including Higher Boeing 737 Deliveries.

Earnings

Earnings Misses

Spirit AeroSystems Hldgs Q4 2024 Adj. EPS $(4.22), Sales $1.651B Miss $1.676B Estimate

RBC Capital analyst Ken Herbert reiterates Spirit AeroSystems Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>) with a Sector Perform and maintains $37.25 price target.

Price Target

Reiteration

Analyst Ratings

RBC Capital Reiterates Sector Perform on Spirit AeroSystems Hldgs, Maintains $37.25 Price Target

Spirit AeroSystems Expects Future Free Cash Flow Usage For Q1, Q2 2025  To Be $650M - $700M

Spirit AeroSystems Expects Continued Operational Environment And Higher Delivery Rates To Drive Better Results In 2025

Revenue decreased from the fourth quarter of 2023, primarily due to the impacts from the Boeing Memorandum of Agreement (MOA) executed in October&nbsp;2023 recognized in the fourth quarter of 2023, including favorable pricing adjustments on the Boeing 787 program and the reversal of the potential claim related to the Boeing 737 vertical fin attach fittings issue, partially offset by higher Defense and Space revenues in the fourth quarter of 2024.&nbsp;
Overall deliveries increased during the fourth quarter of 2024 compared to the same period of 2023, including higher Boeing 737 deliveries.
Gross loss was recognized in the fourth quarter of 2024 compared to gross profit for the same period of 2023. The operating income recognized in the fourth quarter of 2023 included the favorable impact of the Boeing MOA executed in October&nbsp;2023 to the Boeing 787 program, including favorable change in estimates as well as a material right obligation liability reversal.

Spirit AeroSystems Says Merger With Boeing On Track To Close In Mid-2025

Spirit AeroSystems Q4 Preliminary Net Revenues $1.662B Vs $1.813B Last Year; Est $1.614B

Spirit Aero Has Increased Fuselage Production From A Rate Of 21 A Month To 31 A Month, According To A Source Familiar With The Matter; Spirit Aero Spokesperson Joe Buccino Said The Company "Remains Committed To Meeting Our Customer's Production Targets."

Boeing's Mounir Says Co. Minimizing Supplier Work Transfers To Improve Quality; Supply Chain Exec Says Work Transfers Among Suppliers Are Leading Cause Of Quality Defects; Exec Says Spirit AeroSystems Quality Has Significantly Improved, Has Substantial Inventory Of 737 Fuselages Ready To Ship To Boeing Plant

Spirit AeroSystems Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>) today announced that, at the special meeting of its shareholders held earlier today, its shareholders voted to approve the proposed acquisition of Spirit AeroSystems by The Boeing Company. The transaction, <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4352793-1&amp;h=764042815&amp;u=https%3A%2F%2Fwww.spiritaero.com%2Fpages%2Frelease%2Fspirit-aerosystems-announces-acquisition-by-boeing-in-8.3-billion-transaction%2F&amp;a=announced+last+summer">announced last summer</a>, is expected to close in mid-2025, subject to closing conditions including the receipt of regulatory approvals.

Spirit AeroSystems Shareholders Approve Acquisition By Boeing; Expected To Close In Mid-2025

Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading lower on Wednesday</a>.
Yesterday, the company reported fourth-quarter earnings results, with an adjusted operating loss of $4.042 billion, compared to an adjusted <a target="_blank" href="https://www.benzinga.com//node/43266372" rel="noreferrer noopener">operating earnings of $90 million a year ago. </a>Adjusted loss per share grew to $5.90 from $0.47 in the same quarter of 2023, missing the consensus of a $2.44 loss.
Here are the key<a target="_blank" href="https://www.benzinga.com/quote/BA/analyst-ratings" rel="noreferrer noopener"> analysts take on the stock:</a>
<ul>
<li>Goldman Sachs analyst Noah Poponak reiterated the Buy rating on the stock, raising the price forecast to $213 from $200.</li>
<li>BofA Securities analyst Ronald J. Epstein reiterated the Neutral rating on the stock, raising the price forecast to $185 from $170.</li>
<li>RBC Capital Markets analyst Ken Herbert reiterated the Outperform rating on the stock with a price forecast of $200.</li>
</ul>
Goldman Sachs: Poponak notes that while defense results posed challenges this quarter and remain a medium-term risk, Boeing has the potential to reach industry-average margins over time.
Per Poponak, Boeing can outperform in 2025 as supply improvements continue, with strong demand remaining.
The analyst highlights Boeing&#8217;s potential to reach or exceed 38 737-MAX units per month by late 2025, thanks to progress with Spirit Aerosystems Holdings, Inc., suppliers catching up after labor negotiations, and an agreement with the FAA for rate increases.
The 787 program is also back on track at 5 units per month, with plans to increase to 7 per month, driven by improvements in the supply chain and component availability.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/01/43311038/flex-beats-q3-earnings-on-strong-sales-margins-stock-gains" rel="noreferrer noopener">Flex Beats Q3 Earnings On Strong Sales, Margins; Stock Gains</a>
BofA Securities: Per Epstein, Boeing missed estimates due to the IAM work stoppage, defense charges, and workforce reduction costs. However, with 737 production increasing and deliveries rising, the company is showing early signs of recovery.
Based on improved market conditions, the analyst raises the price target to $185 from $170 but keeps EPS and free cash flow estimates unchanged.
Despite the positive outlook, the analyst maintains a Neutral rating, cautioning that the recovery in operations and engineering might take longer than expected.
RBC Capital Markets: Herbert highlights that CEO Kelly Ortberg has focused on improving defense results, and successful delivery in this area could boost Boeing.
The analyst notes risks in the expected production increases for the 737 and 787 programs.
However, a strong inventory liquidation in the first quarter of 2025 should provide a positive short-term sentiment.
Price Action: BA shares are trading lower by 2.69% to $173.00 at last check Wednesday.
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Image via Shutterstock.

Analyst Color

Equities

Markets

Movers

Trading Ideas

General

Boeing's Q4 Big Miss: Earnings Plunge, But Analysts See Potential For 2025 Rebound

Spirit Aerosystems Says Under Base Plan, Sees Net Revenue Of $8.56B In 2025, $9.55B In 2026, $10.02B In 2027 & 2028

Legal

Spirit Faces Multiple Lawsuits Alleging Omission of Material Information in Merger Proxy; Actions Filed Across New York, Kansas, and Delaware Courts Seeking Injunctive Relief; Spirit Supplements Disclosures to Moot Claims, Denies Allegations

Today, Spirit&nbsp;AeroSystems Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>) ("Spirit," "Spirit AeroSystems" or the "Company") announced the sale of Fiber Materials Inc ("FMI") business based in Biddeford, Maine, and Woonsocket, Rhode Island, to <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4337932-1&amp;h=16925668&amp;u=https%3A%2F%2Ftextechindustries.com%2Fpress-release%2F&amp;a=Tex+Tech+Industries%2C+Inc">Tex Tech Industries, Inc</a>. ("Tex-Tech") for $165 million in cash.

Asset Sales

Spirit Announces Sale Of Fiber MaterialsTo Tex Tech Industries For $165M In Cash

Spirit AeroSystems Enters Purchase Agreement To Sell Fiber Materials Business Based In Biddeford, Maine, And Woonsocket, Rhode Island, To Tex-Tech For $165M In Cash

European Aeronautic Defence And Space Unsponsored

EADSY

Airbus Close To Agreement As Early As Today With Spirit Aerosystems On Fresh Funding And Revised Payment Terms

Spirit Aerosystems Says Company, Boeing Entered Into An Advance Payments Agreement; Boeing To Pay Spirit Aerosystems Up To $350M; To Use Advances For Boeing Product Readiness

Reuters Reported Boeing Close To Funding Agreement To Help Supplier Spirit Aerosystems That Could Be Announced In Next Few Days; Spirit Weighing Sale Of Defense Composites Supplier FMI

Press Releases

Spirit AeroSystems Announces Advance Payments Agreement with Boeing

Spirit AeroSystems Announces Second Amended and Restated Memorandum of Agreement with Airbus

Contracts

Spirit Announces Purchase Agreement with Tex Tech Industries for Intended Sale of Fiber Materials, Inc. (FMI)

$TOCKHOLDER ALERT: The M&A Class Action Firm Encourages Shareholders of ENLC, BCOV, SPR, GLST to Take Action

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates USAP, ZUO, NBR, SPR on Behalf of Shareholders

Spirit Announces Sale of Fiber Materials Inc. (FMI) to Tex Tech Industries

Spirit AeroSystems Shareholders Approve Acquisition by Boeing

Spirit AeroSystems Reports Fourth Quarter 2024 Results

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Spirit AeroSystems Hldgs

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