Loading
13-Feb-2013 12:49 PM

Spirit Aerosystems Holdings reports mixed profit in 4Q2012

Spirit Aerosystems Holdings revenue up 17% - financial highlights:

  • Three months ended 31-Dec-2012:
    • Revenue: USD1426 million, +17% year-on-year;
      • Fuselage systems: USD680.2 million, +16.8%;
      • Propulsion systems: USD368.1 million, +14.4%;
      • Wing systems: USD375.3 million, +19.5%;
    • Segment operating profit: USD159.8 million, +13.9%;
      • Fuselage systems: USD92.5 million, -4.4%;
      • Propulsion system: USD47.9 million, -8.4%;
      • Wing systems: USD19.6 million, compared to a loss of USD8.3 million in p-c-p;
    • Operating profit: USD98 million, -4%;
    • Net profit: USD61 million, +2%;
  • 12 months ended 31-Dec-2012:
    • Revenue: USD5398 million, +11%;
      • Fuselage systems: USD2591 million, +6.8%;
      • Propulsion systems: USD1421 million, +16.3%;
      • Wing systems: USD1375 million, +13.9%;
    • Segment operating profit: USD113.8 million, -77.9%;
      • Fuselage systems: USD387.2 million, +21.6%;
      • Propulsion systems: USD64.7 million, -66.7%;
      • Wing systems: (USD339.1 million), compared to a profit of USD0.5 million in p-c-p;
    • Operating profit: USD92 million, -74%;
    • Net profit: USD35 million, -82%;
    • Total assets: USD5415 million, +7.4%;
    • Cash and cash equivalents: USD440.7 million, +148%;
  • 2013 forecast:
    • Revenue: USD5800 million to USD6000 million;
    • Earnings per share: USD1.90 to USD2.10;
    • Cash flow from operations: USD50 million to USD350 million;
    • Capital expenditure: USD400 million. [more - original PR]

Spirit Aerosystems: “Spirit revenue guidance for the full-year 2013 remains unchanged and is expected to be between USD5.8 – USD6.0 billion based on Boeing’s 2013 delivery guidance of 635 to 645 aircraft; expected B787 ship set deliveries; expected Airbus deliveries in 2013 of approximately 600 aircraft; internal Spirit forecasts for other customer production activities; expected non-production revenues; and foreign exchange rates consistent with those in the second half of 2012.” Source: Company statement, 12-Feb-2013.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More