Spirit AeroSystems (SPR) Tops Q2 EPS by 14c, Reaffirms FY Revenue & EPS Guidance, Approves $350M Buyback

Spirit AeroSystems (NYSE: SPR) reported Q2 EPS of $1.11, $0.14 better than the analyst estimate of $0.97. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.72 billion.

Financial Outlook and Risk to Future Financial Results

Spirit revenue guidance for the full-year 2015 remains unchanged and is expected to be between $6.6 billion and $6.7 billion. Fully diluted earnings guidance per share for 2015 remains unchanged and is expected to be between $3.60 and $3.80 per share, which does not include the year-to-date impact or potential future adjustments to the deferred tax asset valuation allowance. Free cash flow guidance for 2015 is increased to be between $700 million and $800 million*, which includes higher capital expenditures of $325 million to $375 million as compared to 2014

The Board of Directors has authorized a share repurchase program of up to $350 million of Spirit's common stock under which repurchases may be made intermittently through December 31, 2017

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

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