| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.6B | $5.6B | $6.3B | 0.7% | -11.5% |
| Op. Income | $142M | $164M | $254M | -13.4% | -44.0% |
| Gross Margin | 10.8% | 11.6% | 11.8% | -0.7pp | -1.0pp |
| Net Margin | 1.1% | 1.5% | 3.3% | -0.4pp | -2.3pp |
| EPS (Diluted) | $0.66 | $0.91 | $2.25 | -27.5% | -70.7% |
| Free Cash Flow | $75M | $248M | -$117M | -69.9% | 163.5% |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $5.0B |
| GROSS PROFIT | $607M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $439M |
| Other Expenses | $26M |
| Operating Expenses | $465M |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $142M |
| Interest Income | $0 |
| Interest Expense | $64M |
| Other Income/Expenses | -$67M |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $34M |
| EBIT | $139M |
| EBITDA | $173M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $5.0B |
| GROSS PROFIT | $607M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $439M |
| Other Expenses | $26M |
| Operating Expenses | $465M |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $142M |
| Interest Income | $0 |
| Interest Expense | $64M |
| Other Income/Expenses | -$67M |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $34M |
| EBIT | $139M |
| EBITDA | $173M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $59M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $808.0K |
| OPERATING CASH FLOW | $106M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $330.0K |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$29M |
| Other Financing Activities | $32M |
| NET CASH FROM FINANCING | -$109M |
| FREE CASH FLOW | $75M |
| Net Change in Cash | -$43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $268M |
| Short-Term Investments | $0 |
| Net Receivables | $4.6B |
| Inventory | $5.6B |
| Other Current Assets | $222M |
| TOTAL CURRENT ASSETS | $10.7B |
| PP&E (Net) | $796M |
| Goodwill | $819M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $304M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $12.6B |
| Account Payables | $3.6B |
| Short-Term Debt | $524M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.7B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $206M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $7.6B |
| Common Stock | $87M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$319M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $12.6B |
| Total Debt | $3.2B |
| Net Debt | $2.9B |
