| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.9B | $1.8B | -5.8% | -2.7% |
| Op. Income | $139M | $121M | $134M | 14.9% | 3.7% |
| Gross Margin | 12.2% | 11.1% | 11.6% | 1.0pp | 0.6pp |
| Net Margin | 7.2% | 3.6% | 4.5% | 3.6pp | 2.7pp |
| EPS (Diluted) | $2.71 | $1.42 | $1.58 | 90.8% | 71.5% |
| Free Cash Flow | $115M | $100M | $132M | 15.0% | -12.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $215M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $75M |
| Other Expenses | $1M |
| Operating Expenses | $76M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $139M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $108M |
| Income Tax Expense | -$19M |
| Net Income from Continuing Ops | $127M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $127M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $127M |
| D&A | $35M |
| EBIT | $139M |
| EBITDA | $174M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $215M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $75M |
| Other Expenses | $1M |
| Operating Expenses | $76M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $139M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $108M |
| Income Tax Expense | -$19M |
| Net Income from Continuing Ops | $127M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $127M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $127M |
| D&A | $35M |
| EBIT | $139M |
| EBITDA | $174M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $127M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $109M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$159M |
| OPERATING CASH FLOW | $122M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $11M |
| Common Stock Repurchased | -$110M |
| Common Dividends Paid | -$17M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$114M |
| FREE CASH FLOW | $115M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $0 |
| Net Receivables | $951M |
| Inventory | $0 |
| Other Current Assets | $205M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $260M |
| Goodwill | $2.9B |
| Intangible Assets | $721M |
| Long-Term Investments | $52M |
| Tax Assets | $0 |
| Other Non-Current Assets | $113M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $557M |
| Short-Term Debt | $448M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $132M |
| Other Non-Current Liabilities | $108M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $601M |
| Net Debt | $553M |
