| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $612M | $632M | $673M | -3.3% | -9.1% |
| Op. Income | $101M | $112M | $113M | -9.8% | -10.8% |
| Gross Margin | 41.2% | 41.8% | 40.2% | -0.6pp | 1.0pp |
| Net Margin | 9.3% | 11.2% | 9.5% | -1.9pp | -0.3pp |
| EPS (Diluted) | $1.21 | $1.49 | $1.28 | -18.8% | -5.5% |
| Free Cash Flow | $3M | $125M | $20M | -97.9% | -86.9% |
| Item | Amount |
|---|---|
| REVENUE | $612M |
| Cost of Revenue | $360M |
| GROSS PROFIT | $252M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $151M |
| Other Expenses | $0 |
| Operating Expenses | $151M |
| Cost & Expenses | $511M |
| OPERATING INCOME | $101M |
| Interest Income | $708.0K |
| Interest Expense | $24M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | $79M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $16M |
| EBIT | $103M |
| EBITDA | $118M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $612M |
| Cost of Revenue | $360M |
| GROSS PROFIT | $252M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $151M |
| Other Expenses | $0 |
| Operating Expenses | $151M |
| Cost & Expenses | $511M |
| OPERATING INCOME | $101M |
| Interest Income | $708.0K |
| Interest Expense | $24M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | $79M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $16M |
| EBIT | $103M |
| EBITDA | $118M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $57M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$129.0K |
| Change in Working Capital | -$62M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $492.0K |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $61M |
| Common Stock Repurchased | -$72M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | -$26.0K |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $128M |
| Short-Term Investments | $0 |
| Net Receivables | $301M |
| Inventory | $431M |
| Other Current Assets | $60M |
| TOTAL CURRENT ASSETS | $920M |
| PP&E (Net) | $455M |
| Goodwill | $330M |
| Intangible Assets | $604M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $141M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $331M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $127M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $21M |
| Additional Paid-In Capital | $676M |
| Retained Earnings | $572M |
| Treasury Stock | -$982M |
| Accum. Other Comp. Income | -$73M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $215M |
| Minority Interest | $0 |
| TOTAL EQUITY | $215M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.7B |
| Net Debt | $1.6B |
