Company: SPR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001364885-25-000011
Chunk: 21

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 2
Chunk 21
---
 with excess capacity costs of $4.3 million for the same period in the prior year. The segment recorded unfavorable cumulative catch-up adjustments of $3.9 million for the three months ended October 2, 2025. The segment recorded net forward loss charges of $7.5 million for the three months ended October 2, 2025. In comparison, during the same period of the prior year, the segment recorded favorable cumulative catch-up adjustments of $11.8 million and net forward loss charges of $4.3 million.

Aftermarket segment.  Aftermarket segment net revenues for the three months ended October 2, 2025 were $111.2 million, an increase of $11.7 million, or 12%, compared to the same period in the prior year. Aftermarket segment operating margins were 9% for the three months ended October 2, 2025, compared to 9% for the same period in the prior year.  

Nine Months Ended October 2, 2025 as Compared to Nine Months Ended September 26, 2024

Revenue.  Net revenue for the nine months ended October 2, 2025 was $4,742.3 million, an increase of $77.0 million, or 1.7%, compared to net revenue of $4,665.3 million in the same period of the prior year. The increase in revenue was primarily driven by increased Airbus and Defense & Space production partially offset by the effect of lower margins on higher Boeing production. Approximately 83% and 81% of the Company’s net revenues for the nine months ended October 2, 2025 and September 26, 2024, respectively, came from our two largest customers, Boeing and Airbus. 

Total deliveries to Boeing increased to 423 shipsets during the nine months ended October 2, 2025, compared to 216 shipsets delivered in the same period in the prior year, primarily driven by higher deliveries of B737. Total deliveries to Airbus increased to 667 shipsets during the nine months ended October 2, 2025, compared to 594 deliveries in the same period in the prior year, driven by increased production across all programs. Deliveries for business/regional jet components decreased to 161 shipsets during the nine months ended October 2, 2025, compared to 165 deliveries in the same period in the prior year. In total, deliveries increased to 1,251 shipsets delivered in the