| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $699M | $701M | $710M | -0.3% | -1.7% |
| Op. Income | $143M | $160M | $147M | -10.5% | -2.6% |
| Gross Margin | 31.6% | 33.7% | 30.8% | -2.0pp | 0.9pp |
| Net Margin | 15.9% | 18.0% | 15.7% | -2.0pp | 0.2pp |
| EPS (Diluted) | $11.84 | $13.26 | $11.63 | -10.7% | 1.8% |
| Free Cash Flow | $145M | $107M | $100M | 35.0% | 44.8% |
| Item | Amount |
|---|---|
| REVENUE | $699M |
| Cost of Revenue | $478M |
| GROSS PROFIT | $221M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $45M |
| Other Expenses | $0 |
| Operating Expenses | $78M |
| Cost & Expenses | $555M |
| OPERATING INCOME | $143M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $148M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $28M |
| EBIT | $158M |
| EBITDA | $187M |
| EPS | $12 |
| EPS Diluted | $12 |
| Item | Amount |
|---|---|
| REVENUE | $699M |
| Cost of Revenue | $478M |
| GROSS PROFIT | $221M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $45M |
| Other Expenses | $0 |
| Operating Expenses | $78M |
| Cost & Expenses | $555M |
| OPERATING INCOME | $143M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $148M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $28M |
| EBIT | $158M |
| EBITDA | $187M |
| EPS | $12 |
| EPS Diluted | $12 |
| Item | Amount |
|---|---|
| Net Income | $111M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | $26M |
| OPERATING CASH FLOW | $161M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$149M |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | -$26M |
| Other Financing Activities | -$747.0K |
| NET CASH FROM FINANCING | -$196M |
| FREE CASH FLOW | $145M |
| Net Change in Cash | -$48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $70M |
| Short-Term Investments | $0 |
| Net Receivables | $454M |
| Inventory | $495M |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $815M |
| Goodwill | $380M |
| Intangible Assets | $358M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $573M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $3.2B |
| Account Payables | $260M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $106M |
| TOTAL CURRENT LIABILITIES | $402M |
| Long-Term Debt | $842M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $280M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $515.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $70M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $918M |
| Net Debt | $848M |
