Company: SPR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001364885-25-000011
Chunk: 19

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 2
Chunk 19
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 and OtherConsolidated($ in millions)Net revenues$1,139.8 $231.3 $99.5 $— $1,470.6 Cost of sales(1,373.5)(182.2)(90.8)— (1,646.5)Excess capacity costs(65.8)(4.3)— — (70.1)Segment operating (loss) income$(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) million 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) million 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 million 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 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 74%, 19%, and 7%, respectively, of our net revenues for the three months ended October 2, 2025 and approximately 78%, 16%, and 7%, respectively, of our net revenues for the three months ended September 26, 2024.

Commercial