| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.6B | $1.5B | -3.3% | 2.9% |
| Op. Income | $127M | $139M | $249M | -9.1% | -49.1% |
| Gross Margin | 21.2% | 20.0% | 27.8% | 1.1pp | -6.6pp |
| Net Margin | 3.5% | 3.8% | 9.6% | -0.4pp | -6.2pp |
| EPS (Diluted) | $0.39 | $0.44 | $1.03 | -11.4% | -62.1% |
| Free Cash Flow | -$36M | $101M | -$20M | -135.9% | -83.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $332M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $157M |
| Other Expenses | $48M |
| Operating Expenses | $205M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $127M |
| Interest Income | $0 |
| Interest Expense | $45M |
| Other Income/Expenses | -$45M |
| INCOME BEFORE TAX | $82M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $3M |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $0 |
| EBIT | $127M |
| EBITDA | $127M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $332M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $157M |
| Other Expenses | $48M |
| Operating Expenses | $205M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $127M |
| Interest Income | $0 |
| Interest Expense | $45M |
| Other Income/Expenses | -$45M |
| INCOME BEFORE TAX | $82M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $3M |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $0 |
| EBIT | $127M |
| EBITDA | $127M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $54M |
| Depreciation & Amortization | $100M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$108M |
| OPERATING CASH FLOW | $65M |
| Capital Expenditure | -$102M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $800.0K |
| NET CASH FROM INVESTING | -$101M |
| Net Debt Issuance | $60M |
| Common Stock Repurchased | -$100.0K |
| Common Dividends Paid | -$51M |
| Other Financing Activities | -$400.0K |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$36M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $58M |
| Short-Term Investments | $0 |
| Net Receivables | $751M |
| Inventory | $1.1B |
| Other Current Assets | $158M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $3.8B |
| Goodwill | $1.1B |
| Intangible Assets | $110M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $320M |
| TOTAL NON-CURRENT ASSETS | $5.3B |
| TOTAL ASSETS | $7.4B |
| Account Payables | $600M |
| Short-Term Debt | $350M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $273M |
| Other Non-Current Liabilities | $241M |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $5.6B |
| Common Stock | $152M |
| Additional Paid-In Capital | -$443M |
| Retained Earnings | $2.9B |
| Treasury Stock | -$898M |
| Accum. Other Comp. Income | $143M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $7.4B |
| Total Debt | $4.0B |
| Net Debt | $3.9B |
