Company: SPR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037839
Chunk: 17

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 17
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2.0)— — (46.3)Segment operating (loss) income$(270.5)$18.7 $17.5 $— $(234.3)Selling, general and administrative— — — (83.6)(83.6)Research and development— — — (13.4)(13.4)Operating (loss) income$(270.5)$18.7 $17.5 $(97.0)$(331.3)Interest expense and financing fee amortization— — — (82.3)(82.3)Other income, net— — — 0.4 0.4 (Loss) income before income taxes and equity in net income of affiliates$(270.5)$18.7 $17.5 $(178.9)$(413.2)

(1)During the three months ended July 3, 2025, the Company recognized an additional $2.6 net gain in relation to the sale of its wholly-owned subsidiary, Fiber Materials, Inc., and recorded a ($132.5) loss for a valuation allowance on assets held for sale in relation to the Company’s Airbus Business, resulting in a net loss of $129.9 reflected within Loss on dispositions of businesses, net in the Condensed Consolidated Statement of Operations for the three months ended July 3, 2025. See Note 26 Dispositions to our condensed consolidated financial statements included in Item 1 of Part I of this Quarterly Report for additional information.

Commercial segment, Defense & Space segment, and Aftermarket segment represented approximately 77%, 16%, and 6%, respectively, of our net revenues for the three months ended July 3, 2025 and approximately 78%, 15%, and 7%, respectively, of our net revenues for the three months ended June 27, 2024.

Commercial segment.  Commercial segment net revenues for the three months ended July 3, 2025 were $1,266.3 million, an increase of $99.9 million, or 9%, compared to the same period in the prior year. The increase in revenues was primarily driven by increased production across Boeing, Airbus and regional jet programs.   

Commercial segment operating margins were (19%) for the three months ended July 3, 2025, compared to (23%) for the same period in the prior year. The increase in margin for