Spirit AeroSystems reports Q1 adjusted EPS ($3.93), consensus (48c)

Reports Q1 revenue $1.7B, consensus $1.62B. “The first quarter was characterized by several events, one of great significance was the partnership with Boeing to make improvements to the safety and quality of our production systems. We collaborated with Boeing to align 737 fuselage product inspection as close as possible to where the work is performed at our factories in Wichita. This is a significant accomplishment that we believe will enhance quality, eliminate rework, and benefit the entire production system between our companies,” said Pat Shanahan, President and Chief Executive Officer, Spirit AeroSystems.