Company: SPR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037839
Chunk: 115

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 115
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 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 $— $1,491.9 Cost of sales(1,391.8)(203.7)(83.6)— (1,679.1)Excess capacity costs(44.3)(2.0)— — (46.3)Segment gross (loss) profit$(269.7)$18.7 $17.5 $— $(233.5)Restructuring costs(0.8)— — — (0.8)Segment operating (loss) income$(270.5)$18.7 $17.5 $— $(234.3)Selling, general and administrative— — — (83.6)(83.6)Research and development— — — (13.4)(13.4)Operating (loss) income$(270.5)$18.7 $17.5 $(97.0)$(331.3)Interest expense and financing fee amortization— — — (82.3)(82.3)Other income, net— — — 0.4 0.4 (Loss) income before income taxes and equity in net income of affiliates$(270.5)$18.7 $17.5 $(178.9)$(413.2)

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Table of ContentsSpirit AeroSystems Holdings, Inc. Notes to the Condensed Consolidated Financial Statements (unaudited)(U.S. Dollars in millions other than per share amounts)

(1)During the three months ended July 3, 2025, the Company recognized an additional $2.6 net gain in relation to the sale of its wholly-owned subsidiary, Fiber Materials, Inc., and recorded a ($132.5) loss for a valuation allowance on assets held for sale in relation to the Company’s Airbus Business, resulting in a net loss of $129.9 reflected within Loss on dispositions of businesses, net in the Condensed Consolidated Statement of Operations for the three months ended July 3, 2025. See Note