| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $762M | $875M | $861M | -12.8% | -11.5% |
| Op. Income | $74M | $110M | $57M | -32.7% | 30.6% |
| Gross Margin | 18.2% | 19.7% | 14.0% | -1.5pp | 4.2pp |
| Net Margin | 6.8% | 6.3% | 3.9% | 0.5pp | 2.9pp |
| EPS (Diluted) | $1.56 | $1.72 | $1.03 | -9.3% | 51.5% |
| Free Cash Flow | $27M | -$119M | -$22M | 122.9% | 223.0% |
| Item | Amount |
|---|---|
| REVENUE | $762M |
| Cost of Revenue | $624M |
| GROSS PROFIT | $139M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $65M |
| Other Expenses | $0 |
| Operating Expenses | $65M |
| Cost & Expenses | $688M |
| OPERATING INCOME | $74M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $66M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $30M |
| EBIT | $85M |
| EBITDA | $116M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $762M |
| Cost of Revenue | $624M |
| GROSS PROFIT | $139M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $65M |
| Other Expenses | $0 |
| Operating Expenses | $65M |
| Cost & Expenses | $688M |
| OPERATING INCOME | $74M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $66M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $30M |
| EBIT | $85M |
| EBITDA | $116M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $95M |
| Capital Expenditure | -$67M |
| Acquisitions (Net) | $55M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$84M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$95M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $302M |
| Short-Term Investments | $0 |
| Net Receivables | $567M |
| Inventory | $693M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $2.3B |
| Goodwill | $127M |
| Intangible Assets | $30M |
| Long-Term Investments | $151M |
| Tax Assets | $35M |
| Other Non-Current Assets | $52M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $276M |
| Short-Term Debt | $372M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $950M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $35M |
| Deferred Tax Liabilities | $144M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $378M |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $202M |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $1.8B |
| Net Debt | $1.5B |
