| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $899M | $923M | $1.0B | -2.6% | -10.2% |
| Op. Income | $137M | $167M | $150M | -18.0% | -8.7% |
| Gross Margin | 24.5% | 26.4% | 24.0% | -2.0pp | 0.5pp |
| Net Margin | 4.8% | 10.9% | 13.7% | -6.2pp | -8.9pp |
| EPS (Diluted) | $0.79 | $1.86 | $2.43 | -57.5% | -67.5% |
| Free Cash Flow | $155M | $215M | $112M | -27.9% | 38.4% |
| Item | Amount |
|---|---|
| REVENUE | $899M |
| Cost of Revenue | $679M |
| GROSS PROFIT | $220M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $68M |
| Other Expenses | $0 |
| Operating Expenses | $83M |
| Cost & Expenses | $762M |
| OPERATING INCOME | $137M |
| Interest Income | $7M |
| Interest Expense | $20M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $117M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $40M |
| EBIT | $135M |
| EBITDA | $175M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $899M |
| Cost of Revenue | $679M |
| GROSS PROFIT | $220M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $68M |
| Other Expenses | $0 |
| Operating Expenses | $83M |
| Cost & Expenses | $762M |
| OPERATING INCOME | $137M |
| Interest Income | $7M |
| Interest Expense | $20M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $117M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $40M |
| EBIT | $135M |
| EBITDA | $175M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $46M |
| Change in Working Capital | $90M |
| OPERATING CASH FLOW | $219M |
| Capital Expenditure | -$64M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$59M |
| Net Debt Issuance | -$88M |
| Common Stock Repurchased | -$39M |
| Common Dividends Paid | -$25M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$146M |
| FREE CASH FLOW | $155M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $258M |
| Short-Term Investments | $0 |
| Net Receivables | $671M |
| Inventory | $504M |
| Other Current Assets | $106M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $1.7B |
| Goodwill | $133M |
| Intangible Assets | $56M |
| Long-Term Investments | $16M |
| Tax Assets | $180M |
| Other Non-Current Assets | $180M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $459M |
| Short-Term Debt | $274M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $77M |
| TOTAL CURRENT LIABILITIES | $957M |
| Long-Term Debt | $856M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $39M |
| Other Non-Current Liabilities | $173M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $53M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.8B |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$335M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $155M |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $1.2B |
| Net Debt | $957M |
