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Management's Discussion and Analysis of Financial Condition and Results of Operations, Part II, Item 7A. There can be no assurance that future developments will be in accordance with management's expectations, assumptions or beliefs, or that the effect of future developments on us will be those anticipated by management.
$4.59
+$0.70 (+17.99%)
Price from 5 days ago
Operating margin is thin at 4.03%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 2.9% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 265% versus the prior year, cash generation momentum has weakened. ROIC dropped from 13.94% to 9.23%, capital efficiency is deteriorating.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.96B
▼ -2.9% YoY
Net Income (TTM)
-$345M
▼ -75.7% YoY
Op. Margin
4.58%
▼ -0.8pp YoY
ROIC
8.99%
▼ -4.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$210M
▼ -265.4% YoY
Op. Cash Flow (TTM)
-$178M
▼ -203.6% YoY
Net Debt
$424M
Cash & Equiv.
$380M
5Y CAGR: -0.8%
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