Spirit AeroSystems Holding reports second quarter 2012 financial results

Spirit AeroSystems Holdings, reported second quarter 2012 financial results reflecting solid core operating performance, continued strong demand for large commercial aircraft, and the impact of unusual charges. Spirit’s second quarter 2012 revenues were $1.341bn, down from $1.466bn for the same period of 2011 as the previous period included recognition of deferred revenue associated with the 787 program contract amendment. Operating income was $83m, compared to $64m for the same period in 2011, driven by increased production volume. Net income for the quarter was $35m compared to $30m in the same period of 2011. Current quarter includes a previously announced pre-tax ($10m) charge, related to the unamortized deferred financing fees associated with refinancing its senior secured credit facilities and a higher effective tax rate