| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.7B | $5.6B | $6.2B | 1.1% | -8.7% |
| Op. Income | $155M | $142M | $236M | 9.2% | -34.3% |
| Gross Margin | 10.5% | 10.8% | 11.4% | -0.3pp | -0.9pp |
| Net Margin | 1.5% | 1.1% | 1.9% | 0.5pp | -0.4pp |
| EPS (Diluted) | $0.98 | $0.66 | $1.28 | 48.5% | -23.4% |
| Free Cash Flow | $308M | $75M | -$124M | 313.8% | 348.2% |
| Item | Amount |
|---|---|
| REVENUE | $5.7B |
| Cost of Revenue | $5.1B |
| GROSS PROFIT | $596M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $437M |
| Other Expenses | $4M |
| Operating Expenses | $441M |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $155M |
| Interest Income | $0 |
| Interest Expense | $62M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $30M |
| EBIT | $153M |
| EBITDA | $183M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.7B |
| Cost of Revenue | $5.1B |
| GROSS PROFIT | $596M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $437M |
| Other Expenses | $4M |
| Operating Expenses | $441M |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $155M |
| Interest Income | $0 |
| Interest Expense | $62M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $30M |
| EBIT | $153M |
| EBITDA | $183M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $87M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$23M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $232M |
| OPERATING CASH FLOW | $338M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $17.0K |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | -$295M |
| Common Stock Repurchased | -$52M |
| Common Dividends Paid | -$29M |
| Other Financing Activities | -$27M |
| NET CASH FROM FINANCING | -$403M |
| FREE CASH FLOW | $308M |
| Net Change in Cash | -$95M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $172M |
| Short-Term Investments | $0 |
| Net Receivables | $4.4B |
| Inventory | $5.3B |
| Other Current Assets | $226M |
| TOTAL CURRENT ASSETS | $10.1B |
| PP&E (Net) | $767M |
| Goodwill | $774M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $330M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $11.9B |
| Account Payables | $3.6B |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.2B |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $160M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $7.1B |
| Common Stock | $86M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$531M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $11.9B |
| Total Debt | $2.8B |
| Net Debt | $2.6B |
