| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.7B | $1.7B | -3.2% | -7.6% |
| Op. Income | $19M | $212M | $306M | -91.3% | -93.9% |
| Gross Margin | 17.4% | 21.5% | 27.5% | -4.2pp | -10.1pp |
| Net Margin | -2.3% | 7.7% | 12.4% | -10.0pp | -14.7pp |
| EPS (Diluted) | $-0.25 | $0.88 | $1.48 | -128.4% | -116.9% |
| Free Cash Flow | -$50M | $4M | -$120M | -1253.5% | 58.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $278M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $181M |
| SG&A Expenses | $181M |
| Other Expenses | $78M |
| Operating Expenses | $259M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $19M |
| Interest Income | $0 |
| Interest Expense | $43M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | -$36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$36M |
| D&A | $121M |
| EBIT | $19M |
| EBITDA | $139M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$36M |
| Depreciation & Amortization | $121M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $38M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $99M |
| Capital Expenditure | -$149M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$600.0K |
| NET CASH FROM INVESTING | -$149M |
| Net Debt Issuance | $76M |
| Common Stock Repurchased | -$600.0K |
| Common Dividends Paid | -$52M |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | -$50M |
| Net Change in Cash | -$42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $0 |
| Net Receivables | $695M |
| Inventory | $1.3B |
| Other Current Assets | $90M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $3.8B |
| Goodwill | $1.0B |
| Intangible Assets | $321M |
| Long-Term Investments | $48M |
| Tax Assets | $0 |
| Other Non-Current Assets | $63M |
| TOTAL NON-CURRENT ASSETS | $5.3B |
| TOTAL ASSETS | $7.5B |
| Account Payables | $846M |
| Short-Term Debt | $390M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $117M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $247M |
| Other Non-Current Liabilities | $251M |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $5.8B |
| Common Stock | $151M |
| Additional Paid-In Capital | -$497M |
| Retained Earnings | $2.7B |
| Treasury Stock | -$634M |
| Accum. Other Comp. Income | -$74M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $7.5B |
| Total Debt | $4.1B |
| Net Debt | $4.0B |
