Led by a strong mature program operating performance and higher volumes, US-based Spirit AeroSystems Holdings reported revenues of $1.8 billion in the second quarter of 2014, a surge of 19% over the same period of 2013.
Led by a strong mature program operating performance and higher volumes, US-based Spirit AeroSystems Holdings reported revenues of $1.8 billion in the#
Operating income was $216 million, up from a loss of $239 million for the same period in 2013. Net income for the quarter was $143 million, or $1.01 per fully diluted share, which includes $0.03 for the partial release of the deferred tax valuation allowance.
Led by a strong mature program operating performance and higher volumes, US-based Spirit AeroSystems Holdings reported revenues of $1.8 billion in the#
Spirit updated its contract profitability estimates during the second quarter of 2014 to reflect improved performance and reduced risks, resulting in net pre-tax $19 million, or $0.09 per share on favorable cumulative catch-up adjustments on mature programs.
Led by a strong mature program operating performance and higher volumes, US-based Spirit AeroSystems Holdings reported revenues of $1.8 billion in the#
In comparison, the second quarter of 2013 included net pre-tax charges of ($448) million and net pre-tax favorable cumulative catch-up adjustments of $41 million.
Led by a strong mature program operating performance and higher volumes, US-based Spirit AeroSystems Holdings reported revenues of $1.8 billion in the#
Free cash flow was a $128 million for the second quarter of 2014, compared to a $5 million for the second quarter of 2013 reflecting improved operational performance, timing of cash tax payments, and lower capital expenditures.
Led by a strong mature program operating performance and higher volumes, US-based Spirit AeroSystems Holdings reported revenues of $1.8 billion in the#
Cash balances at the end of the quarter were $382 million and debt balances were $1,160 million. At the end of the second quarter of 2014, the company’s $650 million credit facility remained undrawn.
Led by a strong mature program operating performance and higher volumes, US-based Spirit AeroSystems Holdings reported revenues of $1.8 billion in the#
Spirit said that its credit rating remained unchanged at the end of the second quarter of 2014.
Led by a strong mature program operating performance and higher volumes, US-based Spirit AeroSystems Holdings reported revenues of $1.8 billion in the#
Spirit however increased its revenue guidance for the full-year 2014 and now it expects sales to reach between $6.7 and $6.9 billion. Following this, it now anticipates fully diluted earnings per share guidance to be between $2.90 and $3.05 per share.
Led by a strong mature program operating performance and higher volumes, US-based Spirit AeroSystems Holdings reported revenues of $1.8 billion in the#
Free cash flow guidance too was hiked and is now expected to be approximately $250 million. The effective tax rate for 2014 is forecasted to be approximately 30.0 - 31.0 percent, reflecting the expected benefit of the U.S. Research Tax Credit for 2014, and excluding any potential adjustment to the valuation allowance recorded against the U.S. net deferred tax assets at the end of 2013.
Led by a strong mature program operating performance and higher volumes, US-based Spirit AeroSystems Holdings reported revenues of $1.8 billion in the#
Fibre2fashion News Desk – India
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