| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $821M | $970M | $905M | -15.4% | -9.3% |
| Op. Income | $42M | $156M | $69M | -73.1% | -39.1% |
| Gross Margin | 19.4% | 24.4% | 20.9% | -5.1pp | -1.5pp |
| Net Margin | 3.3% | 8.4% | 4.8% | -5.1pp | -1.5pp |
| EPS (Diluted) | $0.65 | $1.93 | $1.02 | -66.3% | -36.3% |
| Free Cash Flow | -$25M | $100M | -$33M | -125.0% | 24.2% |
| Item | Amount |
|---|---|
| REVENUE | $821M |
| Cost of Revenue | $662M |
| GROSS PROFIT | $159M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $73M |
| Other Expenses | $44M |
| Operating Expenses | $117M |
| Cost & Expenses | $779M |
| OPERATING INCOME | $42M |
| Interest Income | $2M |
| Interest Expense | $11M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $40M |
| EBIT | $44M |
| EBITDA | $84M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $821M |
| Cost of Revenue | $662M |
| GROSS PROFIT | $159M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $73M |
| Other Expenses | $44M |
| Operating Expenses | $117M |
| Cost & Expenses | $779M |
| OPERATING INCOME | $42M |
| Interest Income | $2M |
| Interest Expense | $11M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $40M |
| EBIT | $44M |
| EBITDA | $84M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$50M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | $12M |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | -$18M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$31M |
| FREE CASH FLOW | -$25M |
| Net Change in Cash | -$51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $154M |
| Short-Term Investments | $0 |
| Net Receivables | $442M |
| Inventory | $372M |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $1.0B |
| Goodwill | $119M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $463M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $386M |
| Short-Term Debt | $23M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $155M |
| TOTAL CURRENT LIABILITIES | $616M |
| Long-Term Debt | $794M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $162M |
| Other Non-Current Liabilities | $149M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $45M |
| Additional Paid-In Capital | $78M |
| Retained Earnings | $2.5B |
| Treasury Stock | -$268M |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $908M |
| Minority Interest | $0 |
| TOTAL EQUITY | $908M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $817M |
| Net Debt | $663M |
