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Spirit AeroSystems Holdings back in the black in 3Q2013

4-Nov-2013 10:01 AM

Spirit AeroSystems Holdings revenue up 10% - financial highlights for three months ended 30-Sep-2013:

  • Revenue: USD1504 million, +10.1% year-on-year;
    • Fuselage Systems: USD710.3 million, +7.6%;
    • Propulsion Systems: USD389.2 million, +8.8%;
    • Wing Systems: USD397.8 million, +15.4%;
  • Operating profit: USD51 million, compared to a loss of USD211 million in p-c-p;
  • Segment operating profit: USD131.5 million, compared to a loss of USD386.9 million in p-c-p;
    • Fuselage: USD25.8 million, -77.5%;
    • Propulsion: USD70.0 million, compared to a loss of USD96.2 million in p-c-p;
    • Wing: USD34.9 million, compared to a loss of USD405.4 million in p-c-p;
  • Net profit: USD94 million, compared to a loss of USD134 million in p-c-p;
  • Total assets: USD5513 million;
  • Cash and cash equivalents: USD435.56 million;
  • Total liabilities: USD3541 million. [more - original PR]

Spirit AeroSystems Holdings: “We are making progress but there is more work to be done. In the fourth quarter, we will have concluded our strategic and financial review and we will provide 2014 financial guidance with our fourth quarter and full-year 2013 earnings report. “Looking forward, given our capability and affordability, we see continued growth opportunities in the large commercial aircraft and defense market segments as both commercial and defense OEMs seek the capable, cost-effective engineering and manufacturing capabilities that Spirit brings to the market,” Larry Lawson, President and CEO.