| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.7B | $9.0B | $9.4B | 7.3% | 2.6% |
| Op. Income | $63M | $50M | $46M | 27.3% | 37.6% |
| Gross Margin | 2.8% | 1.3% | 1.3% | 1.5pp | 1.5pp |
| Net Margin | 0.3% | -3.1% | -0.2% | 3.4pp | 0.5pp |
| EPS (Diluted) | $0.50 | $-5.11 | $-0.37 | 109.8% | 235.1% |
| Free Cash Flow | -$60M | $13M | $99M | -570.3% | -160.7% |
| Item | Amount |
|---|---|
| REVENUE | $9.7B |
| Cost of Revenue | $9.4B |
| GROSS PROFIT | $271M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $77M |
| SG&A Expenses | $77M |
| Other Expenses | $138M |
| Operating Expenses | $215M |
| Cost & Expenses | $9.6B |
| OPERATING INCOME | $63M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $100.0K |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $20M |
| EBIT | $63M |
| EBITDA | $83M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $9.7B |
| Cost of Revenue | $9.4B |
| GROSS PROFIT | $271M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $77M |
| SG&A Expenses | $77M |
| Other Expenses | $138M |
| Operating Expenses | $215M |
| Cost & Expenses | $9.6B |
| OPERATING INCOME | $63M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $100.0K |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $20M |
| EBIT | $63M |
| EBITDA | $83M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$122M |
| OPERATING CASH FLOW | -$46M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $102M |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | -$60M |
| Net Change in Cash | -$42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $151M |
| Short-Term Investments | $0 |
| Net Receivables | $2.8B |
| Inventory | $739M |
| Other Current Assets | $657M |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $347M |
| Goodwill | $740M |
| Intangible Assets | $305M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $3.4B |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $779M |
| TOTAL CURRENT LIABILITIES | $4.2B |
| Long-Term Debt | $790M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $601M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $5.6B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$60M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $8M |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $799M |
| Net Debt | $648M |
