| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.3B | $5.7B | $5.7B | -6.1% | -6.0% |
| Op. Income | $143M | $155M | $190M | -7.8% | -24.7% |
| Gross Margin | 11.1% | 10.5% | 11.8% | 0.5pp | -0.8pp |
| Net Margin | 1.7% | 1.5% | 1.6% | 0.1pp | 0.1pp |
| EPS (Diluted) | $1.01 | $0.98 | $0.97 | 3.1% | 4.1% |
| Free Cash Flow | $114M | $308M | $457M | -63.0% | -75.0% |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $4.7B |
| GROSS PROFIT | $588M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $435M |
| Other Expenses | $9M |
| Operating Expenses | $445M |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $143M |
| Interest Income | $0 |
| Interest Expense | $61M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $78M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | $88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $88M |
| D&A | $29M |
| EBIT | $139M |
| EBITDA | $168M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $4.7B |
| GROSS PROFIT | $588M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $435M |
| Other Expenses | $9M |
| Operating Expenses | $445M |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $143M |
| Interest Income | $0 |
| Interest Expense | $61M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $78M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | $88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $88M |
| D&A | $29M |
| EBIT | $139M |
| EBITDA | $168M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $88M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$41M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $50M |
| OPERATING CASH FLOW | $141M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $37M |
| Common Stock Repurchased | -$101M |
| Common Dividends Paid | -$28M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$101M |
| FREE CASH FLOW | $114M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $189M |
| Short-Term Investments | $0 |
| Net Receivables | $4.1B |
| Inventory | $5.3B |
| Other Current Assets | $241M |
| TOTAL CURRENT ASSETS | $9.8B |
| PP&E (Net) | $758M |
| Goodwill | $795M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $364M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $11.7B |
| Account Payables | $3.3B |
| Short-Term Debt | $145M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.0B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $181M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $6.8B |
| Common Stock | $85M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$448M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.9B |
| TOTAL LIABILITIES & EQUITY | $11.7B |
| Total Debt | $2.8B |
| Net Debt | $2.6B |
