Company: SPR
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021582
Chunk: 16

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 16
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 — 80.4 80.4 Operating (loss) income$(464.8)$(10.8)$14.5 $(25.9)$(487.0)Interest expense and financing fee amortization— — — (99.5)(99.5)Other expense, net— — — (19.9)(19.9)(Loss) income before income taxes and equity in net loss of affiliates$(464.8)$(10.8)$14.5 $(145.3)$(606.4)

Three Months Ended March 28, 2024CommercialDefense & SpaceAftermarketCorporate and OtherConsolidated($ in millions)Net revenues$1,356.1 $250.8 $95.9 $— $1,702.8 Cost of sales(1,816.1)(217.4)(78.7)— (2,112.2)Excess capacity costs(24.9)(1.2)— — (26.1)Segment operating (loss) income$(484.9)$32.2 $17.2 $— $(435.5)Selling, general and administrative— — — (81.5)(81.5)Research and development— — — (10.6)(10.6)Operating (loss) income$(484.9)$32.2 $17.2 $(92.1)$(527.6)Interest expense and financing fee amortization— — — (80.2)(80.2)Other income, net— — — 2.3 2.3 (Loss) income before income taxes and equity in net loss of affiliates$(484.9)$32.2 $17.2 $(170.0)$(605.5)

(1)During the three months ended April 3, 2025, the Company completed the sale of its wholly owned subsidiary, Fiber Materials, Inc., and sold its equity in a Chinese joint venture. These dispositions resulted in a net gain of $80.4 reflected within (Gain) on dispositions of businesses in the Condensed Consolidated Statement of Operations. See Note 25 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