Electronic connectors company · DE · FY ends May · Revenue $978M · -3.23% margin · $43M FCF
The business is unprofitable at the operating level (-2.28% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 6.0% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$15M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$978M
▼ -6.0% YoY
Net Income (TTM)
-$64M
▲ +49.2% YoY
Op. Margin
-3.23%
▲ +7.8pp YoY
ROIC
-2.41%
▲ +5.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$43M
▼ -463.0% YoY
Op. Cash Flow (TTM)
$69M
▼ -44.4% YoY
Net Debt
$230M
Cash & Equiv.
$134M
5Y CAGR: +0.5%
Continue Research