UPDATE: Spirit AeroSystems reports revenue growth

By: KAKE.com Email
By: KAKE.com Email

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WICHITA, Kan. - Spirit AeroSystems released its second-quarter earnings Friday morning

A quarterly report showed revenues between April and June totaled $1.8 billion. It was a 19 percent year-over-year gain.

Spirit's backlog at the end of the second quarter of 2014 was approximately $41 billion.

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#, favorable cumulative catch-up adjustments on mature programs.

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.


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