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Spirit AeroSystems Reports First Quarter 2021 Results News provided by Share this article WICHITA, Kan., May 5, 2021 /PRNewswire/ Delivered 269 shipsets, compared to 324 in Q1 2020 including 29 737 MAX shipsets in Q1 2021 compared to 18 in Q1 2020; expect to deliver about 160 737 MAX shipsets in 2021 $901 million in Q1 2021 revenue, compared to $1,077 million in Q1 2020 Cash used in operations of $(170) million and free cash flow of $(198) million in Q1 2021 compared to cash used in operations of $(331) million and free cash flow of $(362) million in Q1 2020 Full-year 2021 cash used in operations is expected to be between $(50) to $(150) million; full-year 2021 free cash flow is expected to be between $(200) and $(300) million ....
Spirit AeroSystems Holdings, Inc. (Wichita, Kan., U.S.) has reported fourth quarter and full-year 2020 financial results. “2020 was one of the most challenging years in aviation history. For Spirit, the 737 MAX grounding and the COVID-19 pandemic created a dual-crisis. Our response focused on five critical actions: protecting employees, restructuring our cost base, strengthening our liquidity, implementing productivity projects and diversifying the business with our planned acquisitions,” says Tom Gentile, Spirit AeroSystems president and CEO. “With these actions, we worked to stabilize our liquidity and ended the year with $1.9 billion in cash while positioning Spirit to continue playing a leadership role in the aviation industry.” ....
Represents an amount equal to or in excess of 100% or not meaningful. 2020 was one of the most challenging years in aviation history. For Spirit, the 737 MAX grounding and the COVID-19 pandemic created a dual-crisis. Our response focused on five critical actions: protecting employees, restructuring our cost base, strengthening our liquidity, implementing productivity projects, and diversifying the business with our planned acquisitions, said Tom Gentile, Spirit AeroSystems President and Chief Executive Officer. With these actions, we worked to stabilize our liquidity and ended the year with $1.9 billion in cash while positioning Spirit to continue playing a leadership role in the aviation industry. ....
Standex Reports Fiscal Second Quarter 2021 Financial Results yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.