| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.3B | -3.7% | -2.5% |
| Op. Income | $176M | $187M | $121M | -5.9% | 45.5% |
| Gross Margin | 34.3% | 34.1% | 33.2% | 0.2pp | 1.2pp |
| Net Margin | 7.8% | 10.5% | 3.2% | -2.6pp | 4.7pp |
| EPS (Diluted) | $0.45 | $0.62 | $0.19 | -27.4% | 136.8% |
| Free Cash Flow | -$17M | $172M | $12M | -109.9% | -241.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $829M |
| GROSS PROFIT | $433M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $202M |
| Other Expenses | $38M |
| Operating Expenses | $257M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $176M |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $129M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $70M |
| EBIT | $173M |
| EBITDA | $243M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $829M |
| GROSS PROFIT | $433M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $202M |
| Other Expenses | $38M |
| Operating Expenses | $257M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $176M |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $129M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $70M |
| EBIT | $173M |
| EBITDA | $243M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $99M |
| Depreciation & Amortization | $70M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$162M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$43M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$44M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $575M |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $787M |
| Other Current Assets | $177M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $1.2B |
| Goodwill | $1.7B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $567M |
| TOTAL NON-CURRENT ASSETS | $4.6B |
| TOTAL ASSETS | $7.4B |
| Account Payables | $732M |
| Short-Term Debt | $20M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $153M |
| Other Non-Current Liabilities | $408M |
| TOTAL NON-CURRENT LIABILITIES | $4.0B |
| TOTAL LIABILITIES | $5.3B |
| Common Stock | $255M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $1.8B |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | -$520M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $46M |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $7.4B |
| Total Debt | $3.4B |
| Net Debt | $2.8B |
