| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.1B | $8.2B | $7.5B | -1.2% | 7.5% |
| Op. Income | $15M | $27M | $38M | -44.4% | -60.5% |
| Gross Margin | 13.4% | 13.1% | 12.6% | 0.3pp | 0.8pp |
| Net Margin | -0.1% | -0.0% | -0.3% | -0.1pp | 0.2pp |
| EPS (Diluted) | $-0.12 | $-0.05 | $-0.35 | -141.0% | 65.7% |
| Free Cash Flow | $120M | $192M | $49M | -37.5% | 144.9% |
| Item | Amount |
|---|---|
| REVENUE | $8.1B |
| Cost of Revenue | $7.0B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.1B |
| Operating Expenses | $1.1B |
| Cost & Expenses | $8.0B |
| OPERATING INCOME | $15M |
| Interest Income | $0 |
| Interest Expense | $36M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $81M |
| EBIT | $19M |
| EBITDA | $100M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $81M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | $78M |
| OPERATING CASH FLOW | $174M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$53M |
| Net Debt Issuance | -$113M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$114M |
| FREE CASH FLOW | $120M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $0 |
| Net Receivables | $998M |
| Inventory | $2.2B |
| Other Current Assets | $192M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $3.3B |
| Goodwill | $19M |
| Intangible Assets | $593M |
| Long-Term Investments | $7M |
| Tax Assets | $90M |
| Other Non-Current Assets | $199M |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $1.8B |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $196M |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $163M |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $6.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $650M |
| Retained Earnings | $1.1B |
| Treasury Stock | -$86M |
| Accum. Other Comp. Income | -$47M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | -$1M |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $3.6B |
| Net Debt | $3.5B |
