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We have incurred, and in the future expect to incur, significant capital and operating expenditures to comply with such laws and regulations. The cost of complying with such laws and regulations could significantly affect our businesses.
21.03% operating margin is above average. ROIC at 12.23%.
Revenue growth slowed to 2.1%, essentially flat. Margins also contracted 2.2pp. This is a business that needs a catalyst.
Free cash flow declined 44% versus the prior year, cash generation momentum has weakened. ROIC dropped from 15.36% to 12.23%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$2.31B
▲ +2.1% YoY
Net Income (TTM)
$424M
▼ -8.5% YoY
Op. Margin
21.03%
▼ -2.2pp YoY
ROIC
12.23%
▼ -3.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$197M
▼ -44.1% YoY
Op. Cash Flow (TTM)
$614M
▲ +12.0% YoY
Net Debt
$1.50B
Cash & Equiv.
$298M
5Y CAGR: +7.3%
5Y CAGR: -19.6%
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