Spirit AeroSystems Encounters Headwinds In Q1 As Boeing 737 Issues Take Toll
Spirit AeroSystems Encounters Headwinds In Q1 As Boeing 737 Issues Take Toll
Spirit AeroSystems Holdings Inc (NYSE:SPR) shares are trading lower after it reported first-quarter 2024 results, with revenue growth of 19% Y/Y to $1.703 billion, beating the consensus of $1.62 billion.
Spirit AeroSystems Holdings Inc（紐約證券交易所代碼：SPR）在公佈2024年第一季度業績後股價走低，收入同比增長19％，至17.03億美元，超過市場普遍預期的16.2億美元。
The revenue increase represents higher production activities on Commercial programs and higher Defense and Space revenues. Overall deliveries decreased to 307 shipsets during the quarter compared to 346 shipsets YoY.
收入的增加代表了商業節目的製作活動的增加以及國防和太空收入的增加。本季度的總交付量下降至307艘船組，而同比爲346套。
Spirit's backlog stood at ~$49 billion at the end of the quarter, including work packages on all commercial platforms in the Airbus SE (OTC:EADSY) and Boeing Co (NYSE:BA) backlog.
截至本季度末，Spirit的積壓量約爲490億美元，其中包括空中客車股份公司（場外交易代碼：EADSY）和波音公司（紐約證券交易所代碼：BA）所有商業平台的待辦事項。
Also Read: Deal On Cards? Boeing Explores Reacquiring Spirit AeroSystems Amidst Quality Concerns, Production Challenges
另請閱讀： 用卡片交易？在質量問題和生產挑戰中，波音公司探索重新收購Spirit AeroSystems
The quarter's adjusted EPS was $(3.93), negatively influenced by significant unfavorable estimate revisions and further impacted by Boeing's schedule changes in March and the investigation and quality audits following the Alaska Airlines incident.
本季度調整後的每股收益爲3.93美元（3.93美元），這受到重大不利估計修訂的負面影響，以及波音3月份航班變更以及阿拉斯加航空事件後的調查和質量審計的進一步影響。
Cash used in operations stood at $(416) million vs. $(46) million a year ago, and the free cash outflow totaled $(444) million, which was impacted by Boeing 737 production disruptions and delivery delays. The cash balance at the end of the quarter was $352 million.
運營中使用的現金爲4.16億美元，去年同期爲4,600萬美元，自由現金流出總額爲4.44億美元，這受到波音737生產中斷和交付延遲的影響。本季度末的現金餘額爲3.52億美元。
Sales by segments: Commercial $1.356 billion (+18.1% Y/Y), Defense & Space $250.8 million (+33.1% Y/Y), and Aftermarket $95.9 million (+1.5% Y/Y).
按細分市場劃分的銷售額：商業13.56億美元（同比增長18.1％），國防與太空2.508億美元（同比增長33.1％），售後市場9,590萬美元（同比增長1.5％）。
Operating loss was $(527.6) million vs. $(95.1) million compared to last year.
營業虧損爲5.276億美元，與去年相比爲9,510萬美元。
Also Read: Boeing, Airbus Near Deal To Divide Operations Of Key Supplier Spirit AeroSystems: Report
另請閱讀： 報告稱，波音和空中客車公司即將達成協議，分割主要供應商Spirit AeroSystems的業務
Boeing 737 Update: As of March 1, 2024, Spirit AeroSystems and Boeing conducted joint product verifications to ensure conformity before final assembly in Renton, leading to delayed deliveries and increased inventory in Wichita, affecting cash flow.
波音737更新：截至2024年3月1日，Spirit AeroSystems和波音進行了聯合產品驗證，以確保在倫頓進行總裝之前的合規性，這導致威奇托的交付延遲和庫存增加，影響了現金流。
Spirit announced that it will withhold guidance until it gains further clarity on the Boeing acquisition talks, 737 MAX delivery and production schedules, and ongoing commercial negotiations with Airbus.
Spirit宣佈，在進一步明確波音收購談判、737 MAX交付和生產計劃以及與空中客車正在進行的商業談判之前，它將不提供指導。
Related: Airbus Demands Compensation To Acquire Spirit Operations: Report
相關： 空客要求補償以收購Spirit Operations：報告
During the quarter, Spirit AeroSystems secured a deal with Boeing for $425 million in cash advances, contingent on meeting production targets expected in the second quarter of 2024. Additionally, subsequent to the end of the first quarter, Spirit received indications that Boeing expects a slower increase in production and deliveries on the 787 program.
在本季度，Spirit AeroSystems與波音公司達成了4.25億美元的現金透支協議，前提是實現2024年第二季度的預期生產目標。此外，在第一季度末之後，Spirit收到跡象表明，波音公司預計787計劃的產量和交付量增長將放緩。
The company expects an incremental forward loss of approximately $50 million-$60 million in the second quarter of 2024 due to decreased production and fixed cost challenges, pending further updates from Boeing.
該公司預計，由於產量下降和固定成本挑戰，2024年第二季度的遠期虧損將增量約爲5000萬至6000萬美元，等待波音進一步通報。
Price Action: SPR shares are trading lower by 1.21% at $32.62 at the last check Tuesday.
價格走勢：在週二的最後一次檢查中，SPR股價下跌1.21％，至32.62美元。
Photo via Wikimedia Commons
照片來自維基共享資源