Spirit AeroSystems reports Q2 adjusted EPS ($2.73), consensus (90c)

Reports Q2 revenue $1.5B, consensus $1.59B. “This has been a dynamic and eventful period for the company, and I want to extend my gratitude to each employee for their dedication and hard work,” said Pat Shanahan, President and Chief Executive Officer, Spirit AeroSystems. “Their commitment, resilience and teamwork have driven meaningful improvements in safety, compliance and quality while continuing to meet our customer commitments.” “While we have made significant improvements in the quality of our product, our financial results were negatively impacted by delivery delays as we continue to optimize the product verification process,” said Irene Esteves, Executive Vice President and Chief Financial Officer, Spirit AeroSystems. “We are focused on further institutionalizing this process while improving the overall quality of each unit we produce.”