Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Q2 2023 Earnings Call Transcript

Mark Suchinski: Hey thanks Peter and good to hear from you. We’re really happy with aftermarket. It continues to grow. It’s hitting our revenue targets for the year. It’s performing from an operational delivery performance margin perspective and we’ve talked about it being a 20%-plus margin business. There are a couple of small things that happened in the second quarter that won’t repeat when we think about the third and fourth quarter. But the team is executing. I want to congratulate our aftermarket team. They’re hitting their big revenue goals for the year. They’re performing well for the customers. We continue to grow geographically and expand our portfolio. And so we’re really pleased with that. And as we move through the balance of the year, we’re going to continue to drive execution and hit the 20%-plus margins.

And as Tom talked about, we’re right on track, $500 million, 20%-plus margins. And although it doesn’t seem as large as our commercial business, it’s going to be a nice contributor as we grow over the next couple of years. So, Peter, I appreciate you asking the question. We’re happy with the team. We’re hitting the marks, and we are very, very focused on continuing growing that business and making sure that it produces accretive margins.

Peter Arment: Thanks Mark.

Mark Suchinski: Thank you.

Operator: We have no further questions on the line. With that, this concludes today’s call. Thank you for joining. You may now disconnect.