Company: SPR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001364885-25-000011
Chunk: 18

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 2
Chunk 18
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.36% as compared to (0.60%) for the same period in 2024. As we are reporting a pre-tax loss for the three months ended October 2, 2025, an increase in the effective tax rate results in an increase of income tax benefits, while a decrease in the rate results in a reduction of income tax benefits.  

The decrease from the U.S. statutory tax rate is attributable primarily to valuation allowances on deferred tax assets.

Merger Agreement.  Other than transaction expenses associated with the Merger of $27.1 million, the Merger Agreement did not affect the Company’s consolidated financial statements for the three months ended October 2, 2025. Transaction expenses associated with the Merger were $28.8 million for the same period in the prior year.

57

Segments.  The following tables show segment revenues and operating loss for the three months ended October 2, 2025 and September 26, 2024:

Three Months Ended October 2, 2025CommercialDefense & SpaceAftermarketCorporate and OtherConsolidated($ in millions)Net revenues$1,170.1 $304.1 $111.2 $— $1,585.4 Cost of sales(1,740.4)(307.8)(101.6)— (2,149.8)Excess capacity costs(43.1)(12.1)— — (55.2)Segment operating (loss) income$(613.4)$(15.8)$9.6 $— $(619.6)Selling, general and administrative— — — (40.5)(40.5)Research and development— — — (9.3)(9.3)Gain on disposition of businesses (1)— — — 22.9 22.9 Operating (loss) income$(613.4)$(15.8)$9.6 $(26.9)$(646.5)Interest expense and financing fee amortization— — — (94.5)(94.5)Other income, net— — — 14.3 14.3 (Loss) income before income taxes and equity in net income of affiliates$(613.4)$(15.8)$9.6 $(107.1)$(726.7)

Three Months Ended September 26, 2024CommercialDefense & SpaceAftermarketCorporate