| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $487M | — | $490M | — | -0.6% |
| Op. Income | $21M | — | $47M | — | -55.5% |
| Gross Margin | 8.6% | — | 17.3% | — | -8.8pp |
| Net Margin | 4.6% | — | 6.3% | — | -1.7pp |
| EPS (Diluted) | $0.26 | — | $0.36 | — | -27.8% |
| Free Cash Flow | -$16M | — | $92M | — | -117.7% |
| Item | Amount |
|---|---|
| REVENUE | $487M |
| Cost of Revenue | $445M |
| GROSS PROFIT | $42M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $466M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | -$19M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $37M |
| EBIT | $13M |
| EBITDA | $51M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $487M |
| Cost of Revenue | $445M |
| GROSS PROFIT | $42M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $466M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | -$19M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $37M |
| EBIT | $13M |
| EBITDA | $51M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | -$272M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$800.0K |
| NET CASH FROM INVESTING | -$298M |
| Net Debt Issuance | $193M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$10M |
| Other Financing Activities | -$500.0K |
| NET CASH FROM FINANCING | $182M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$106M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $80M |
| Short-Term Investments | $0 |
| Net Receivables | $164M |
| Inventory | $218M |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $484M |
| PP&E (Net) | $1.3B |
| Goodwill | $67M |
| Intangible Assets | $46M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $154M |
| Short-Term Debt | $13M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $228M |
| Long-Term Debt | $691M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $216M |
| Other Non-Current Liabilities | $67M |
| TOTAL NON-CURRENT LIABILITIES | $978M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $732M |
| Retained Earnings | $148M |
| Treasury Stock | -$184M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $696M |
| Minority Interest | $30M |
| TOTAL EQUITY | $726M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $709M |
| Net Debt | $628M |
