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.