Company: SPR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037839
Chunk: 24

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 24
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72.4)Segment gross (loss) profit$(754.6)$50.9 $34.7 $— $(669.0)Restructuring costs(0.8)— — — (0.8)Segment operating (loss) income$(755.4)$50.9 $34.7 $— $(669.8)Selling, general and administrative— — — (165.1)(165.1)Research and development— — — (24.0)(24.0)Operating (loss) income$(755.4)$50.9 $34.7 $(189.1)$(858.9)Interest expense and financing fee amortization— — — (162.5)(162.5)Other income, net— — — 2.7 2.7 (Loss) income before income taxes and equity in net income of affiliates$(755.4)$50.9 $34.7 $(348.9)$(1,018.7)

(1)During the six months ended July 3, 2025, the Company completed the sale of its wholly owned subsidiary, Fiber Materials, Inc., and sold its equity in a Chinese joint venture, resulting in net gains of $81.2 and $1.8, respectively. The Company also recorded a ($132.5) loss for a valuation allowance on assets held for sale in relation to the Company’s Airbus Business. These dispositions resulted in a net loss of $49.5 reflected within Loss on dispositions of businesses, net in the Condensed Consolidated Statement of Operations for the six 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%, 17%, and 6%, respectively, of our net revenues for the six months ended July 3, 2025, and approximately 79%, 15%, and 6%, respectively, of our net revenues for the six months ended June 27, 2024.

Commercial segment.  Commercial segment net revenues for the six months ended July 3, 2025 were $2,427.9 million, a decrease of $94.6 million, or (4%), compared to the same period in the