Edition:
India
Page 1

Mercury Systems Reports Fourth Quarter And Fiscal Year 2020 Results

1:31am IST

Aug 4 (Reuters) - Mercury Systems Inc ::MERCURY SYSTEMS REPORTS FOURTH QUARTER AND FISCAL YEAR 2020 RESULTS.SEES Q1 GAAP EARNINGS PER SHARE $0.18 TO $0.22.Q4 ADJUSTED EARNINGS PER SHARE $0.72.Q4 GAAP EARNINGS PER SHARE $0.49.Q4 REVENUE $217.4 MILLION VERSUS REFINITIV IBES ESTIMATE OF $212.6 MILLION.SEES Q1 ADJUSTED EARNINGS PER SHARE $0.43 TO $0.47.SEES FY 2021 ADJUSTED EARNINGS PER SHARE ABOUT $2.15 TO $2.26.SEES FY 2021 GAAP EARNINGS PER SHARE $1.23 TO $1.34.SEES Q1 REVENUE $190 MILLION TO $205 MILLION.SEES FY 2021 REVENUE $860 MILLION TO $885 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.57 -- REFINITIV IBES DATA.Q1 EARNINGS PER SHARE VIEW $0.51, REVENUE VIEW $200.3 MILLION -- REFINITIV IBES DATA.FY2021 EARNINGS PER SHARE VIEW $2.36 -- REFINITIV IBES DATA.

Triumph Group Reports First Quarter Fiscal 2021 Results

1:31am IST

Aug 4 (Reuters) - Triumph Group Inc ::TRIUMPH GROUP REPORTS FIRST QUARTER FISCAL 2021 RESULTS.Q1 ADJUSTED LOSS PER SHARE $0.19.Q1 LOSS PER SHARE $5.35.Q1 SALES $495.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF $459.7 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $-0.22 -- REFINITIV IBES DATA.SEES FY SALES ABOUT $1.8 BILLION TO $1.9 BILLION.SEES Q1 SALES $1.8 BILLION TO $1.9 BILLION.ANTICIPATES THAT TRENDS IN CASH USED IN OPERATIONS THAT WERE EXPERIENCED IN Q1 OF FISCAL 2021 TO CONTINUE.EXPECTS CASH USED IN OPERATIONS AND FREE CASH USE TO BE MODERATELY HIGHER FOR FULL FISCAL YEAR.

Kratos Reports Second Quarter 2020 Financial Results

1:30am IST

Aug 4 (Reuters) - Kratos Defense and Security Solutions Inc ::KRATOS REPORTS SECOND QUARTER 2020 FINANCIAL RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.08.Q2 REVENUE $170.4 MILLION VERSUS REFINITIV IBES ESTIMATE OF $165.2 MILLION.Q2 LOSS PER SHARE $0.01.SEES Q3 2020 REVENUE $195 MILLION TO $205 MILLION.SEES FY 2020 REVENUE $740 MILLION TO $780 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.06 -- REFINITIV IBES DATA.Q3 REVENUE VIEW $197.4 MILLION -- REFINITIV IBES DATA.FY2020 REVENUE VIEW $746.6 MILLION -- REFINITIV IBES DATA.

Spirit Aero Now Expects To Be Cash Flow Positive In 2022 - Conf Call

Tuesday, 4 Aug 2020

Aug 4 (Reuters) - Spirit AeroSystems Holdings Inc ::SPIRIT AEROSYSTEMS CEO SAYS IN MID-JULY, CO MADE DECISION TO NOT RENEW THE SAN ANTONIO, TEXAS FACILITY LEASE - CONF CALL.SPIRIT AEROSYSTEMS CEO SAYS SHIFTING 737 SUBASSEMBLY WORK OUT OF CO'S MAIN PRODUCTION FACILITY INTO DIFFERENT LOCATIONS THAT ENABLE MORE LEAN AND EFFICIENT OPERATIONS.SPIRIT AEROSYSTEMS CEO SAYS MOVING WING BOX OF THE 737 FUSELAGE TO TULSA FACILITY AND THE 737 FORWARD FUSELAGE INTO A FORWARD FUSELAGE CENTER OF EXCELLENCE ON CO'S WICHITA CAMPUS.SPIRIT AEROSYSTEMS CEO SAYS DEVELOPING A NEW AUTOMATED PRODUCTION LINE TO IMPROVE THE ASSEMBLY OF SINGLE AISLE AIRPLANE FLOOR BEAMS; THE PROJECT IS ESTIMATED TO TAKE CURRENT CYCLE TIME OF 7 DAYS PER ASSEMBLY DOWN TO JUST HOURS.SPIRIT AEROSYSTEMS CEO SAYS CONTINUE TO SEE VALUE IN BOTH THE ASCO AND BOMBARDIER AEROSTRUCTURES DEALS; SAYS CO REMAINS ENGAGED IN DISCUSSION WITH THE PARTIES ON CLOSURE CONDITIONS.SPIRIT AEROSYSTEMS CFO SAYS CO HAS SUFFICIENT LIQUIDITY TO FUND PENDING ACQUISITIONS AND RUN CO'S OPERATIONS OVER THE NEXT 12 MONTHS.SPIRIT AEROSYSTEMS CFO SAYS CASH FLOW USAGE IS EXPECTED TO IMPROVE IN THE THIRD AND FOURTH QUARTERS, BUT CO CONTINUES TO EXPECT TO USE CASH FOR 2020.SPIRIT AEROSYSTEMS CEO SAYS NOW EXPECTS TO BE CASH FLOW POSITIVE IN 2022 INSTEAD OF 2021 AS ESTIMATED PREVIOUSLY.SPIRIT AEROSYSTEMS CEO SAYS WILL LAG BOEING ON THE 737 MAX PRODUCTION OVER THE NEXT 24 MONTHS.

Markets

  • Sectors
  • Asia
  • U.S.
  • Europe

Sector Summary