| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.9B | $5.6B | $5.6B | 5.0% | 5.3% |
| Op. Income | $142M | $73M | $142M | 93.4% | -0.1% |
| Gross Margin | 10.4% | 10.6% | 10.8% | -0.1pp | -0.4pp |
| Net Margin | 0.9% | 0.1% | 1.1% | 0.8pp | -0.2pp |
| EPS (Diluted) | $0.61 | $0.07 | $0.66 | 752.0% | -7.6% |
| Free Cash Flow | -$169M | $80M | $75M | -311.8% | -326.9% |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $615M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $464M |
| Other Expenses | $8M |
| Operating Expenses | $473M |
| Cost & Expenses | $5.8B |
| OPERATING INCOME | $142M |
| Interest Income | $0 |
| Interest Expense | $60M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $77M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $31M |
| EBIT | $137M |
| EBITDA | $167M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $615M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $464M |
| Other Expenses | $8M |
| Operating Expenses | $473M |
| Cost & Expenses | $5.8B |
| OPERATING INCOME | $142M |
| Interest Income | $0 |
| Interest Expense | $60M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $77M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $31M |
| EBIT | $137M |
| EBITDA | $167M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$218M |
| OPERATING CASH FLOW | -$145M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $80.0K |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $620M |
| Common Stock Repurchased | -$138M |
| Common Dividends Paid | -$28M |
| Other Financing Activities | -$298M |
| NET CASH FROM FINANCING | $155M |
| FREE CASH FLOW | -$169M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $175M |
| Short-Term Investments | $0 |
| Net Receivables | $4.5B |
| Inventory | $5.4B |
| Other Current Assets | $227M |
| TOTAL CURRENT ASSETS | $10.3B |
| PP&E (Net) | $867M |
| Goodwill | $818M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $403M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $12.4B |
| Account Payables | $3.7B |
| Short-Term Debt | $189M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.4B |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $237M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $7.6B |
| Common Stock | $81M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$316M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $12.4B |
| Total Debt | $3.2B |
| Net Debt | $3.0B |
