Company: SPR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037839
Chunk: 139

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 139
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 to valuation allowances on deferred tax assets.

Merger Agreement.  Other than transaction expenses associated with the Merger of $23.4 million, the Merger Agreement did not affect the Company’s consolidated financial statements for the three months ended July 3, 2025. Transaction expenses associated with the Merger were $11.3 million for the same period in the prior year.

53

Segments.  The following tables show segment revenues and operating loss for the three months ended July 3, 2025 and June 27, 2024:

Three Months Ended July 3, 2025CommercialDefense & SpaceAftermarketCorporate and OtherConsolidated($ in millions)Net revenues$1,266.3 $266.0 $102.8 $— $1,635.1 Cost of sales(1,465.2)(264.3)(92.8)— (1,822.3)Excess capacity costs(35.4)(8.8)— — (44.2)Segment operating (loss) income$(234.3)$(7.1)$10.0 $— $(231.4)Selling, general and administrative— — — (107.3)(107.3)Research and development— — — (12.2)(12.2)Loss on disposition of businesses (1)— — — (129.9)(129.9)Operating (loss) income$(234.3)$(7.1)$10.0 $(249.4)$(480.8)Interest expense and financing fee amortization— — — (99.4)(99.4)Other expense, net— — — (24.3)(24.3)(Loss) income before income taxes and equity in net income of affiliates$(234.3)$(7.1)$10.0 $(373.1)$(604.5)

Three Months Ended June 27, 2024CommercialDefense & SpaceAftermarketCorporate and OtherConsolidated($ in millions)Net revenues$1,166.4 $224.4 $101.1 $— $1,491.9 Cost of sales(1,391.8)(203.7)(83.6)— (1,679.1)Excess capacity costs(44.3)(2.0)— — (46.3)