Company: SPR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001364885-25-000011
Chunk: 122

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 122
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($ in millions)Net revenues$1,139.8 $231.3 $99.5 $— $1,470.6 Cost of sales(1,373.5)(182.2)(90.8)— (1,646.5)Excess capacity costs(65.8)(4.3)— — (70.1)Segment gross (loss) profit$(299.5)$44.8 $8.7 $— $(246.0)Restructuring costs0.1 — — — 0.1 Segment operating (loss) income$(299.4)$44.8 $8.7 $— $(245.9)Selling, general and administrative— — — (93.8)(93.8)Research and development— — — (10.4)(10.4)Operating (loss) income$(299.4)$44.8 $8.7 $(104.2)$(350.1)Interest expense and financing fee amortization— — — (90.8)(90.8)Other expense, net— — — (33.0)(33.0)(Loss) income before income taxes and equity in net income of affiliates$(299.4)$44.8 $8.7 $(228.0)$(473.9)(1)During the three months ended October 2, 2025, the Company reversed the ($132.5) loss that was recorded in the second quarter of 2025 for a valuation allowance on assets held for sale in relation to the Company’s Airbus Business due to subsequent deterioration of the balance sheet. In the third quarter of 2025, the Company also recorded a ($109.6) loss for a valuation allowance on assets held for sale in relation to the Company’s Malaysia Business, resulting in a net reversal of loss of $22.9 reflected within (Gain) loss on dispositions of businesses, net in the Condensed Consolidated Statement of Operations for the three months ended October 2, 2025. See Note 26 Dispositions for additional information.Nine Months Ended October 2, 2025CommercialDefense & SpaceAftermarketCorporate and OtherConsolidated($ in millions)Net revenues$3,598.0 $831.1 $313.2 $— $4,742.3