| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.9B | $1.8B | -8.1% | -5.1% |
| Op. Income | $52M | $130M | $129M | -60.0% | -59.6% |
| Gross Margin | 12.5% | 16.1% | 16.0% | -3.6pp | -3.5pp |
| Net Margin | 1.5% | -9.2% | 4.6% | 10.7pp | -3.2pp |
| EPS (Diluted) | $0.22 | $-1.54 | $0.73 | 114.3% | -69.9% |
| Free Cash Flow | -$54M | $95M | -$5M | -156.8% | -1016.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $220M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $168M |
| Other Expenses | $0 |
| Operating Expenses | $168M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $52M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $71M |
| EBIT | $47M |
| EBITDA | $118M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $220M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $168M |
| Other Expenses | $0 |
| Operating Expenses | $168M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $52M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $71M |
| EBIT | $47M |
| EBITDA | $118M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $71M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$68M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$86M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $25M |
| NET CASH FROM INVESTING | -$62M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | -$39M |
| Common Dividends Paid | -$20M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$68M |
| FREE CASH FLOW | -$54M |
| Net Change in Cash | -$97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $758M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $978M |
| Other Current Assets | $303M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $2.6B |
| Goodwill | $384M |
| Intangible Assets | $220M |
| Long-Term Investments | $47M |
| Tax Assets | $0 |
| Other Non-Current Assets | $287M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $329M |
| Short-Term Debt | $40M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $186M |
| Other Non-Current Liabilities | $228M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $393M |
| Retained Earnings | $4.3B |
| Treasury Stock | -$596M |
| Accum. Other Comp. Income | -$99M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $248.0K |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $1.2B |
| Net Debt | $436M |
