Spirit AeroSystems Reports Q3 2019 Results; Announces Acquisition of Select Bombardier Aerostructure Assets and Adjusted Asco Purchase Price

Spirit AeroSystems Reports Q3 2019 Results; Announces Acquisition of Select Bombardier Aerostructure Assets and Adjusted Asco Purchase Price Third Quarter 2019 Results and Highlights – Revenue of $1.9 billion, up 6% y/y – Announcement by Boeing to decrease 787 production rate to 12 aircraft per month (APM) resulted in $33 million forward loss, or $0.24 of EPS, due to fixed cost absorption – Earnings per share (EPS) of $1.26, down 21% y/y; Adjusted EPS* of $1.38, down 19% y/y – Cash from operations of $255 million, up 50% y/y; Adjusted free cash flow* of $219 million, up 68% y/y – Announces acquisition of select assets of Bombardier aerostructures and aftermarket services businesses in Belfast, Casablanca, and Dallas – Renegotiated purchase price on Asco acquisition to $420 million; Asco continuing to execute on conditions required by the European Commission; expected to close by April 2020 WICHITA, Kan.


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