Spirit AeroSystems (SPR) Tops Q4 EPS by 11c; Issues Mixed FY15 Guidance

Spirit AeroSystems (NYSE: SPR) reported Q4 EPS of $0.87, $0.11 better than the analyst estimate of $0.76. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.67 billion.

Spirit AeroSystems sees FY2015 EPS of $3.60-$3.80, versus the consensus of $3.60. Spirit AeroSystems sees FY2015 revenue of $6.6-6.7 billion, versus the consensus of $6.95 billion.

"This was a record year for sales and deliveries; 2014 was a year of transition for Spirit. We addressed performance challenges in both development and production, we improved productivity and quality, and we mitigated risk as exemplified by the sale of the Gulfstream wing programs," said President and Chief Executive Officer Larry Lawson.

"We delivered a record 1,545 ship sets last year. We also made positive inroads in defense, with focused program execution on Sikorsky's CH-53K and Textron's Bell V-280 Valor, and we celebrated with Boeing and the U.S. Air Force the successful first test flight for the KC-46A tanker program," Lawson added.

"Our objectives for 2015 are well defined. We will continue to focus on increasing productivity, making thoughtful investments in preparation for rate increases, continuing progress on A350, increasing our emphasis on long-term growth, and addressing how we deploy capital," Lawson concluded.

For earnings history and earnings-related data on Spirit AeroSystems (SPR) click here.

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