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We provide advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers ( OEMs ) of complex products such as optical communication components, modules and sub-systems, industrial lasers, automotive components, medical devices and sensors. We offer a broad range of advanced optical and electro-mechanical capabiliti…
Operating margin is thin at 9.49%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 18.6%, still solid. Free cash flow declined 43% despite revenue growth, conversion is weakening.
Free cash flow declined 43% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$4.24B
▲ +18.6% YoY
Net Income (TTM)
$421M
▲ +12.3% YoY
Op. Margin
9.86%
▼ -0.1pp YoY
ROIC
18.24%
Cash Flow & Balance Sheet
FCF (TTM)
$46M
▼ -43.3% YoY
Op. Cash Flow (TTM)
$257M
▼ -20.5% YoY
Net Debt
-$941M
Net Cash Position
Cash & Equiv.
$945M
5Y CAGR: +15.8%
5Y CAGR: +13.9%
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