Spirit AeroSystems Holdings First Quarter 2024 Earnings: US$5.31 loss per share (vs US$2.68 loss in 1Q 2023)
Spirit AeroSystems Holdings (NYSE:SPR) First Quarter 2024 Results
Key Financial Results
Revenue: US$1.70b (up 19% from 1Q 2023).
Net loss: US$616.7m (loss widened by 119% from 1Q 2023).
US$5.31 loss per share (further deteriorated from US$2.68 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Spirit AeroSystems Holdings Earnings Insights
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Aerospace & Defense industry in the US.
Performance of the American Aerospace & Defense industry.
The company's shares are up 2.8% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 3 warning signs for Spirit AeroSystems Holdings that you need to be mindful of.
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