| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.1B | $1.3B | 17.8% | -0.6% |
| Op. Income | $103M | -$68M | $101M | 251.5% | 2.0% |
| Gross Margin | 34.7% | 24.8% | 34.6% | 9.8pp | 0.1pp |
| Net Margin | 6.0% | -6.0% | 6.0% | 12.0pp | 0.1pp |
| EPS (Diluted) | $0.45 | $-0.36 | $0.39 | 225.0% | 15.4% |
| Free Cash Flow | $89M | -$116M | $18M | 176.9% | 410.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $838M |
| GROSS PROFIT | $445M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $342M |
| Other Expenses | $0 |
| Operating Expenses | $342M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $103M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $78M |
| D&A | $59M |
| EBIT | $103M |
| EBITDA | $162M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $838M |
| GROSS PROFIT | $445M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $342M |
| Other Expenses | $0 |
| Operating Expenses | $342M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $103M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $78M |
| D&A | $59M |
| EBIT | $103M |
| EBITDA | $162M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $78M |
| Depreciation & Amortization | $59M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $31M |
| Other Non-Cash Items | -$136M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | $62M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$124M |
| NET CASH FROM INVESTING | -$62M |
| Net Debt Issuance | $93M |
| Common Stock Repurchased | $209M |
| Common Dividends Paid | -$21M |
| Other Financing Activities | -$210M |
| NET CASH FROM FINANCING | $71M |
| FREE CASH FLOW | $89M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $127M |
| Short-Term Investments | $0 |
| Net Receivables | $237M |
| Inventory | $718M |
| Other Current Assets | $189M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $2.4B |
| Goodwill | $225M |
| Intangible Assets | $41M |
| Long-Term Investments | $0 |
| Tax Assets | $48M |
| Other Non-Current Assets | $97M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $4.1B |
| Account Payables | $248M |
| Short-Term Debt | $0 |
| Deferred Revenue | $57M |
| Other Current Liabilities | $77M |
| TOTAL CURRENT LIABILITIES | $783M |
| Long-Term Debt | $203M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $57M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $2M |
| Additional Paid-In Capital | $373M |
| Retained Earnings | $2.4B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$35M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $4.1B |
| Total Debt | $2.0B |
| Net Debt | $1.9B |
