Spirit Aero down after Q1 revenue falls on slower Boeing production

Spirit Aerosystems Holdings

02/05/2025 13:36

** Aerospace supplier Spirit AeroSystems' SPR.N shares fall 2% to $35 premarket

** Co posts drop in Q1 revenue, hurt by slower production across most programs at its key customer Boeing BA.N

** SPR's Q1 net revenue fell 11% to $1.52 bln

** SPR reports Q1 net loss of $613 mln, or $5.21 per share, compared with a loss of $617 mln, or $5.31 per share, a year earlier

** Spirit did not provide an outlook for 2025, citing its pending merger with Boeing

** 2 of 14 brokerages rate stock "buy", 12 "hold"; their median PT is $37

** As of last close, stock had risen 5.5% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))