This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Spirit AeroSystems Holdings Inc Management Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: SPR

While the market is strong, we remain watchful of the global economic environment. Thus, we are closely managing our capital spend to support these increasing demands for our products.

Now let's talk about some of the specific accomplishments across the business during the quarter, beginning on Slide 3.

Fuselage Systems delivered strong operating margins of 15% on $627 million in revenue during the second quarter as we recovered the deliveries lost during the severe weather within the quarter and volumes across our core programs increased.

During the quarter, the Fuselage team continued to make progress on the A350 program in both our North Carolina composite fuselage facility and our Saint-Nazaire assembly facility. The Fuselage segment 737 high-rate production line surged to recover lost deliveries, delivering its 4,100th ship set of the Next Generation fuselage in the quarter.

Fuselage team also continued production on the 747-8 program by delivering the 52nd fuselage. The 787 team continued to support our customer by increasing deliveries in the quarter to 11, including the forward [ph] fuselage #75.

We continue to see progress as the joint Boeing and Spirit teams remained focused on identifying and implementing cost improvements across the 787 program in value engineering, supply chain architecture and production flow.

While we are still early in the planning stages for the 737 MAX, we are pleased with the evolution of this derivative product and the plan to use our Spirit Exact process to smoothly transition the efficient, high-quality NG production line to the MAX.

On Slide 4, you see the Propulsion team delivered strong operating performance with margins of 16% on $351 million in revenue as we recovered the deliveries lost during the severe weather within the quarter. The volumes across the core programs increased.

The Propulsion team also recovered from lost deliveries by surging rates to deliver the 4,100th Next Generation 737 engine pylon sets and thrust reversers in the quarter. The segment's 787 team also supported our customer by delivering engine pylons from unit #76 in the quarter.

Read the rest of this transcript for free on

3 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs