Spirit AeroSystems Sees FY23 Cash Used In Operations Of $150M-$200M; Free Cash Flow Is Expected To Be A Usage Between $275M-$325M
Portfolio Pulse from Benzinga Newsdesk
Spirit AeroSystems expects to use between $150M and $200M in operations for FY23, with free cash flow expected to be a usage between $275M and $325M. This outlook reflects lower projected Boeing 737 deliveries of 345 to 360 units for the year.
November 01, 2023 | 11:36 am
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Spirit AeroSystems' FY23 outlook indicates higher cash usage in operations and free cash flow, reflecting lower projected Boeing 737 deliveries.
The company's outlook for FY23 indicates higher cash usage in operations and free cash flow, which could negatively impact its financial performance. This, coupled with lower projected Boeing 737 deliveries, could put downward pressure on the stock price.
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