| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $890M | $846M | $970M | 5.2% | -8.2% |
| Op. Income | $79M | $97M | $156M | -18.6% | -49.4% |
| Gross Margin | 26.3% | 26.2% | 24.4% | 0.1pp | 1.9pp |
| Net Margin | 3.7% | 6.7% | 8.4% | -3.0pp | -4.6pp |
| EPS (Diluted) | $0.83 | $1.41 | $1.93 | -41.1% | -57.0% |
| Free Cash Flow | $0 | $33M | $100M | -100.0% | -100.0% |
| Item | Amount |
|---|---|
| REVENUE | $890M |
| Cost of Revenue | $656M |
| GROSS PROFIT | $234M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $155M |
| SG&A Expenses | $155M |
| Other Expenses | $0 |
| Operating Expenses | $155M |
| Cost & Expenses | $811M |
| OPERATING INCOME | $79M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $45M |
| EBIT | $69M |
| EBITDA | $114M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $890M |
| Cost of Revenue | $656M |
| GROSS PROFIT | $234M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $155M |
| SG&A Expenses | $155M |
| Other Expenses | $0 |
| Operating Expenses | $155M |
| Cost & Expenses | $811M |
| OPERATING INCOME | $79M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $45M |
| EBIT | $69M |
| EBITDA | $114M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $33M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $94M |
| Capital Expenditure | -$94M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$224M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $224M |
| NET CASH FROM INVESTING | -$56M |
| Net Debt Issuance | $45M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$18M |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $135M |
| Short-Term Investments | $0 |
| Net Receivables | $443M |
| Inventory | $418M |
| Other Current Assets | $80M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $1.1B |
| Goodwill | $114M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $478M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $381M |
| Short-Term Debt | $90M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $245M |
| TOTAL CURRENT LIABILITIES | $716M |
| Long-Term Debt | $763M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $175M |
| Other Non-Current Liabilities | $143M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $46M |
| Additional Paid-In Capital | $89M |
| Retained Earnings | $2.5B |
| Treasury Stock | -$330M |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $966M |
| Minority Interest | $0 |
| TOTAL EQUITY | $966M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $853M |
| Net Debt | $718M |
