Company: SPR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037839
Chunk: 142

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 142
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2025 were $102.8 million, an increase of $1.7 million, or 2%, compared to the same period in the prior year. Aftermarket segment operating margins were 10% for the three months ended July 3, 2025, compared to 17% for the same period in the prior year. The decrease in margins was driven primarily by the impact of the mix of spares sales with lower margins in the current year. 

Six Months Ended July 3, 2025 as Compared to Six Months Ended June 27, 2024

Revenue.  Net revenue for the six months ended July 3, 2025 was $3,156.9 million, a decrease of $37.8 million, or (1.2%), compared to net revenue of $3,194.7 million in the same period of the prior year. The decrease in revenue was primarily driven by decreased Boeing production partially offset by increased Airbus and Defense & Space production. Approximately 82% and 82% of the Company’s net revenues for the six months ended July 3, 2025 and June 27, 2024, respectively, came from our two largest customers, Boeing and Airbus. 

Total deliveries to Boeing increased to 297 shipsets during the six months ended July 3, 2025, compared to 128 shipsets delivered in the same period in the prior year, primarily driven by higher deliveries of B737. Total deliveries to Airbus increased to 450 shipsets during the six months ended July 3, 2025, compared to 416 deliveries in the same period in the prior year, primarily driven by increased production across all programs. Deliveries for business/regional jet components increased to 112 shipsets during the six months ended July 3, 2025, compared to 99 deliveries in the same period in the prior year. In total, deliveries increased to 859 shipsets delivered in the six months ended July 3, 2025, compared to 643 shipsets delivered in the same period of the prior year.

Gross (Loss) Profit.  Gross loss was ($692.5) million for the six months ended July 3, 2025, compared to gross loss of ($669.0) million for the same period in the prior year. The increase in loss over the same period in the prior year was primarily driven by lower program margins on Boeing programs and higher excess capacity charges, partially offset by lower cumulative catch-up adjustments