| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $675M | $713M | $599M | -5.5% | 12.6% |
| Op. Income | $73M | $78M | $37M | -5.7% | 100.2% |
| Gross Margin | 20.0% | 19.9% | 15.4% | 0.1pp | 4.6pp |
| Net Margin | 7.5% | 7.9% | 2.5% | -0.4pp | 4.9pp |
| EPS (Diluted) | $0.49 | $-0.89 | $0.15 | 155.1% | 226.7% |
| Free Cash Flow | -$107M | $95M | -$95M | -213.0% | -12.1% |
| Item | Amount |
|---|---|
| REVENUE | $675M |
| Cost of Revenue | $540M |
| GROSS PROFIT | $135M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $62M |
| Other Expenses | $0 |
| Operating Expenses | $62M |
| Cost & Expenses | $601M |
| OPERATING INCOME | $73M |
| Interest Income | $4M |
| Interest Expense | $9M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $24M |
| EBIT | $78M |
| EBITDA | $103M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $675M |
| Cost of Revenue | $540M |
| GROSS PROFIT | $135M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $62M |
| Other Expenses | $0 |
| Operating Expenses | $62M |
| Cost & Expenses | $601M |
| OPERATING INCOME | $73M |
| Interest Income | $4M |
| Interest Expense | $9M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $24M |
| EBIT | $78M |
| EBITDA | $103M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $50M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $106.0K |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$170M |
| OPERATING CASH FLOW | -$81M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | -$107M |
| Net Change in Cash | -$116M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $382M |
| Short-Term Investments | $7M |
| Net Receivables | $641M |
| Inventory | $221M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $746M |
| Goodwill | $50M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $143M |
| TOTAL NON-CURRENT ASSETS | $939M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $169M |
| Short-Term Debt | $0 |
| Deferred Revenue | $106M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $706M |
| Long-Term Debt | $483M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $88M |
| TOTAL NON-CURRENT LIABILITIES | $789M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $28M |
| Additional Paid-In Capital | $74M |
| Retained Earnings | $1.6B |
| Treasury Stock | -$543M |
| Accum. Other Comp. Income | -$409M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $773M |
| Minority Interest | $6M |
| TOTAL EQUITY | $779M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $833M |
| Net Debt | $451M |
