Spirit AeroSystems sinks after Q4 loss

• Net loss of $106M vs. a net loss of $587M in the same period of 2013. Adjusted EPS of $0.87, excluding the impact of the divestiture of the Gulfstream programs and deferred tax valuation allowance.
• Adjusted Free Cash Flow of $107M.
• Revenue by segment: Fuselage Systems +12.4%; Propulsion Systems -3.3%; Wing Systems +1%.
• Backlog at the end of Q4 increased by approximately 7% from the previous quarter to a record $47B as orders exceeded deliveries.
• Full-year 2015 guidance: revenues of $6.6B-$6.7B; EPS of $3.60-$3.80; free cash flow of $600M-$700M.
• SPR -1.1% premarket
• Q4 results