Financial Performance - Q2 2025 - Revenue increased by 12% to $2.15 billion compared to $1.919 billion in Q2 2024[11] - EBITDA As Defined increased by 14% to $1.162 billion compared to $1.021 billion in Q2 2024, with a margin of 54.0% versus 53.2%[11] - Adjusted EPS increased by 14% to $9.11 compared to $7.99 in Q2 2024[11] Market Segment Performance - Q2 2025 (Pro Forma) - Commercial Transport OEM revenue decreased by 2%[9] - Business Jet/Helicopter OEM revenue increased by 4%[9] - Commercial Transport Aftermarket revenue increased by 11%[9] - Business Jet/Helicopter Aftermarket revenue increased by 23%[9] - Defense OEM growth outpaced Defense Aftermarket growth[9] Fiscal Year 2025 Outlook - Revenue guidance remains unchanged at a midpoint of $8.85 billion[12] - EBITDA As Defined guidance remains unchanged at a midpoint of $4.685 billion, representing 52.9% of sales[12] - Adjusted EPS guidance remains unchanged at a midpoint of $36.47[12] Capital Structure - Total secured debt is $20.33 billion, with a total net secured debt of $17.904 billion[17] - Total debt is $25.207 billion, with a total net debt of $22.781 billion[17] Interest Rate Sensitivity - Interest expense for FY25 is projected at $1.54 billion, including $40 million amortization of debt issuance costs and fees and $80 million of interest income[13, 20] - Approximately 75% of the company's $25 billion gross debt is hedged/fixed rate through fiscal year 2027[21]