| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $741M | $777M | $756M | -4.6% | -1.9% |
| Op. Income | $130M | $149M | $142M | -12.9% | -8.4% |
| Gross Margin | 47.3% | 46.7% | 46.6% | 0.6pp | 0.7pp |
| Net Margin | 11.9% | 15.9% | 18.1% | -4.0pp | -6.2pp |
| EPS (Diluted) | $0.59 | $0.82 | $0.88 | -28.0% | -33.0% |
| Free Cash Flow | $93M | $148M | $71M | -37.4% | 30.0% |
| Item | Amount |
|---|---|
| REVENUE | $741M |
| Cost of Revenue | $391M |
| GROSS PROFIT | $350M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $160M |
| Other Expenses | $20M |
| Operating Expenses | $220M |
| Cost & Expenses | $611M |
| OPERATING INCOME | $130M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $111M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $88M |
| D&A | $33M |
| EBIT | $126M |
| EBITDA | $159M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $741M |
| Cost of Revenue | $391M |
| GROSS PROFIT | $350M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $160M |
| Other Expenses | $20M |
| Operating Expenses | $220M |
| Cost & Expenses | $611M |
| OPERATING INCOME | $130M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $111M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $88M |
| D&A | $33M |
| EBIT | $126M |
| EBITDA | $159M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $88M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$29M |
| OPERATING CASH FLOW | $110M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | -$55M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$120M |
| FREE CASH FLOW | $93M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $334M |
| Short-Term Investments | $0 |
| Net Receivables | $555M |
| Inventory | $356M |
| Other Current Assets | $125M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $165M |
| Goodwill | $1.7B |
| Intangible Assets | $462M |
| Long-Term Investments | $338M |
| Tax Assets | $0 |
| Other Non-Current Assets | $228M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $373M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $843M |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $219M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $84M |
| Retained Earnings | $1.6B |
| Treasury Stock | -$682M |
| Accum. Other Comp. Income | $71M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $10M |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $2.1B |
| Net Debt | $1.8B |
