Ares Commercial Real Estate Corporation logo ACRE - Ares Commercial Real Estate Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 5
HOLD 5
SELL 3
STRONG
SELL
0
| PRICE TARGET: $5.00 DETAILS
HIGH: $5.00
LOW: $5.00
MEDIAN: $5.00
CONSENSUS: $5.00
UPSIDE: 2.67%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1
Revenue
Revenue 27.5 29.3 27.3 (4.3) 14.9 (0.5) 10.9 0.4 (26.0) 16.6 19.0 25.0 20.9 30.4 27.3 25.1 26.2 30.1 27.2 23.5 21.2 21.2 22.4 14.0 21.1 21.6 19.8 21.7 14.2 14.5 14.0 13.6 13.1 10.9 14.7 10.4 10.3 12.6 11.8 10.5 14.8 20.9 23.8 21.7 17.9 20.8 12.9 16.2 13.9 12.2 11.4 6.8 3.4 2.2 1.9 1.6 0.9
Cost of Revenue 6.4 8.9 12.6 (4.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6.8 7.1 0.1 (0.0) 0 0 0 0 0 0 0 0 0 0 4.3 0 5.9 5.4 4.6 0 4.7 4.5 4.0 5.5 2.3 0 0 1.1 0.4 0.4 0.3
Gross Profit 21.0 20.4 14.7 (0.3) 14.9 (0.5) 10.9 0.4 (26.0) 16.6 19.0 25.0 20.9 30.4 27.3 25.1 26.2 30.1 27.2 23.5 21.2 21.2 22.4 14.0 21.1 21.6 13.0 14.6 14.1 14.5 14.0 13.6 13.1 10.9 14.7 10.4 10.3 12.6 11.8 10.5 10.5 20.9 17.9 16.3 13.2 20.8 8.2 11.7 9.9 6.7 9.1 6.8 3.4 1.1 1.5 1.2 0.6
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 2.2 2.3 2.5 3.0 2.7 2.4 2.8 3.2 3.2 2.6 2.5 3.1 2.4 2.9 2.4 2.4 2.4 2.0 1.9 2.0 1.9 1.7 1.8 2.0 1.9 1.8 1.8 1.8 1.8 1.8 1.7 1.6 1.7 1.8 1.7 1.6 1.6 1.7 1.6 1.3 7.1 7.0 8.6 8.0 7.5 8.4 8.1 8.1 7.2 6.2 4.3 1.3 1.2 (0.6) 2.0 1.4 0.1
Other Expenses 11.0 8.7 7.5 7.7 12.2 (2.9) 8.1 (2.8) (29.3) 13.9 16.5 21.8 18.5 27.5 24.8 22.8 23.8 28.1 25.3 21.5 19.3 19.5 20.6 12.0 19.2 19.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.6 0 0 0
Operating Expenses 13.2 10.9 10 10.8 14.9 (0.5) 10.9 0.4 (26.0) 16.6 19.0 25.0 20.9 30.4 27.3 25.1 26.2 30.1 27.2 23.5 21.2 21.2 22.4 14.0 21.1 21.6 1.8 1.8 1.8 1.8 1.7 1.6 1.7 1.8 1.7 1.6 1.6 1.7 1.6 1.3 7.1 7.0 8.6 8.0 7.5 8.4 8.1 8.1 7.2 6.2 4.3 1.3 1.2 1.0 2.0 1.4 0.1
Operating Income
Operating Income 7.8 9.5 4.7 (11.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11.5 13.0 12.5 38.6 26.6 25.4 23.7 30.4 11.1 6.7 6.5 30.5 7.7 7.3 8.2 (39.2) 15.4 14.4 11.2 (19.5) 7.3 11.0 8.3 26.3 9.1 6.6 3.7 0.2 (0.6) (0.2) 0.5
Interest Expense 17.4 16.1 14.8 16.1 18.2 22.3 27.4 27.5 28.8 30.4 29.7 27.0 23.0 22.1 18.4 13.5 12.0 14.2 12.7 11.1 12.1 11.5 11.9 13.0 15.5 15.0 15.1 16.7 15.7 16.4 16.4 16.0 14.3 14.3 13.8 12.2 10.8 10.9 9.0 8.4 8.5 8.8 8.7 8.7 10.2 8.4 9.9 8.6 6.8 5.4 3.6 3.4 3.3 0 0.4 0.4 0.3
Interest Income 24.9 23.7 23.3 23.1 27.5 33.5 39.3 40.8 44.0 44.8 52.8 51.9 49.5 52.6 45.6 38.6 33.4 38.0 34.0 30.9 30.7 29.1 30.6 29.8 31.4 28.5 28.3 30.0 28.0 30.9 30.4 29.6 27.4 25.2 28.6 22.6 21.1 23.5 20.8 18.9 18.8 21.2 20.9 21.0 23.2 19.6 18.0 17.7 15.2 12.1 10.7 8.1 6.7 0 1.9 1.6 0.9
Profitability
EBITDA 8.7 11.4 6.7 (8.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 26.4 26.6 25.4 23.7 20.6 24.9 19.0 17.3 8.8 0 0 0 0 0 0 0 0 0 0 0 0 2.6 4.4 2.3 1.1 (0.6) (0.2) 0.5
EBIT 7.8 9.5 4.7 (11.0) (2.2) (2.2) (1.0) (0.8) (0.8) 0 (0.2) 0 0 0 0 0 0 0 0 0 0 (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.1) 10.1 10.2 9.4 9.4 7.0 11.1 6.7 6.5 8.8 (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.0) (0.0) (0.0) (0.0) (0.0) 6.6 3.3 0.2 (0.4) 0 0
Income Before Tax (9.6) (3.9) 4.7 (11.0) 9.6 (10.7) (5.9) (6.1) (12.3) (39.5) 9.2 (2.2) (6.3) 3.2 0.6 10.1 16.3 17.3 10.0 18.0 15.9 14.4 15.1 9.9 (17.3) 9.8 9.1 10.0 8.6 10.1 10.2 9.4 9.4 6.2 11.1 6.7 6.5 8.8 7.8 7.3 5.7 11.6 12.9 12.0 8.7 9.8 2.9 6.7 4.1 2.2 8.1 3.3 0.3 1.1 (0.6) (0.2) 0.5
Income Tax Expense 0.0 0.0 (0.0) 0 0.3 (0.0) (0.0) 0 0.0 (0.1) (0.0) (0.0) 0.1 0.3 0.0 0.1 0.1 0.1 0 0.4 0.2 0.0 0.2 0.2 0.0 0.2 0.0 0.2 0.1 0.0 0.2 0.1 0.1 0.0 0.1 0.0 0.1 0.1 0.2 0.0 (0.7) 0.6 1.2 0.8 (0.6) 0.7 (1.2) 0.1 (0.7) (0.3) 0.5 8.9 4.6 (1.1) 0.6 0 0
Net Income (9.6) (3.9) 4.7 (11.0) 9.3 (10.7) (5.9) (6.1) (12.3) (39.4) 9.2 (2.2) (6.4) 2.9 0.6 10.0 16.2 17.2 10.0 17.6 15.7 14.4 14.9 9.8 (17.3) 9.7 9.0 9.8 8.5 10.0 10.0 9.3 9.3 6.2 11.1 6.7 6.5 8.1 18.4 8.7 5.1 8.9 9.4 9.0 7.1 8.9 4.1 6.6 4.8 2.5 7.6 3.3 0.3 1.1 (0.6) (0.2) 0.5
Per Share Data
EPS (Basic) -0.17 -0.07 0.08 -0.20 0.17 -0.20 -0.11 -0.11 -0.23 -0.73 0.17 -0.04 -0.12 0.05 0.01 0.20 0.34 0.36 0.21 0.43 0.46 0.44 0.45 0.29 -0.54 0.34 0.32 0.34 0.30 0.35 0.35 0.33 0.33 0.22 0.39 0.24 0.23 0.28 0.65 0.31 0.18 0.31 0.33 0.31 0.25 0.31 0.14 0.23 0.17 0.13 0.52 0.32 0.04 0.17 -0.06 -0.03 -0.01
EPS (Diluted) -0.17 -0.07 0.08 -0.20 0.17 -0.20 -0.11 -0.11 -0.23 -0.73 0.17 -0.04 -0.12 0.05 0.01 0.20 0.34 0.36 0.21 0.43 0.45 0.43 0.44 0.29 -0.54 0.33 0.31 0.34 0.30 0.35 0.35 0.33 0.33 0.22 0.39 0.24 0.23 0.28 0.65 0.31 0.18 0.31 0.33 0.31 0.25 0.31 0.14 0.23 0.17 0.13 0.52 0.32 0.04 0.16 -0.06 -0.03 -0.01
Shares Outstanding 55.3 55.0 54.9 54.9 54.8 54.5 54.5 54.4 54.4 54.1 54.1 54.3 54.6 54.4 54.4 50.6 47.2 47.0 47.0 41.0 34.4 33.0 33.3 33.3 31.9 28.6 28.6 28.6 28.6 28.6 28.5 28.5 28.5 28.5 28.5 28.5 28.5 28.5 28.4 28.4 28.5 28.5 28.5 28.5 28.5 28.5 28.5 28.5 28.4 19.0 14.6 10.2 9.2 6.5 9.2 6.6 9.2
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Current Assets
Cash & Cash Equivalents 86.2 29.3 84.9 90.0 125.5 63.8 68.9 70.6 99.5 110.5 61.0 142.6 153.8 141.3 77.3 25.6 13.8 50.6 15.8 75.7 97.9 74.8 81.3 73.0 74.5 5.3 6.0 5.2 12.8 11.1 5.0 5.0 5.2 28.3 28.2 5.7 44.4 47.3 41.8 5.3 6.2
Short-Term Investments 0 0 0 0 0 0 27.0 0 0 28.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 18.9 17.8 18.3 1,183.0 1,223.8 1,520.5 17.1 1,835.1 1,874.7 35.7 5.7 2,120.0 3.0 3.0 2.5 2.4 2.3 2.6 2.5 2,015.5 1,887.1 1,791.6 1,752.7 1,768.0 1,841.5 1,682.5 36.8 124.2 1.7 52.4 55.6 52.3 66.9 0.9 0.9 0.9 0.9 0.2 38.3 1.5 27.7
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 20.2 (103.1) 9.9 9.6 10.6 (113.0) 46.0 19.1 (174.2) (66.7) 102.6 (156.7) (144.3) (79.8) (28.1) (16.0) (53.2) (18.3) 122.7 48.9 17.6 62.7 137.2 142.4 42.8 (36.8) (124.2) (1.7) (52.4) (55.6) (52.3) (66.9) (0.9) (0.9) (0.9) (0.9) (0.2) (38.3) (1.5) (27.7)
Total Current Assets 105.1 67.2 0 1,282.9 1,358.9 1,594.9 0 1,951.8 1,993.4 0 0 2,365.9 0 0 0 0 0 0 0 2,214.1 2,034.4 1,884.0 1,896.8 1,978.2 2,058.4 1,730.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Non-Current Assets
Property, Plant & Equipment 0 0 0 113.6 114.9 115.3 0 73.0 72.6 0 0 0 0 0 0 0 0 0 0 36.9 37.1 37.3 37.5 37.7 37.9 37.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 16.9 20.7 21.9 21.9 23.7 0 8.7 9.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 61.0
Long-Term Investments 76.8 130.2 0 7.8 8.6 8.7 27.0 28.1 28.1 28.1 0 28.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets (76.8) 1,403.9 (20.7) 12.5 15.3 8.6 (27.0) 8.1 6.7 (28.1) 0 6.2 0 0 0 0 0 0 0 5.9 19.4 8.2 14.8 5.4 5.1 15.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (61.0)
Total Non-Current Assets 0 1,550.9 0 155.7 160.7 156.3 0 117.9 117.3 0 0 34.2 0 0 0 0 0 0 0 42.7 56.4 45.5 52.3 43.1 43.0 53.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Assets 1,836.3 1,618.1 1,391.9 1,438.6 1,519.6 1,751.2 1,940.6 2,069.8 2,110.7 2,279.8 2,363.2 2,400.0 2,444.3 2,523.0 2,727.2 2,696.3 2,515.8 2,631.8 2,466.7 2,256.8 2,090.8 1,929.5 1,949.1 2,021.2 2,101.4 1,784.1 1,674.7 1,671.4 1,618.4 1,603.3 1,731.5 1,817.5 1,744.2 1,770.2 1,587.5 1,662.6 1,429 1,373.7 1,565.1 1,332.1 1,422.1
Current Liabilities
Account Payables 0 0.3 0.3 0 0 0 1.7 0 0 2.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.8 0.8 0.9 0.5 0.5 0.5 0.5 0.4 0.4 0.4 0.3 0 0.1 0.1 0.2
Short-Term Debt 224.6 858.2 41.6 149.5 149.5 359.7 0 0 0 0 909.5 0 953.2 0 1,102.7 378.2 389.4 636.0 509.8 125.4 104.7 277.5 639.2 748.7 860.2 711.1 491.4 57.4 448.3 36.3 716.0 804.2 738.0 744.5 555.9 669.0 487.1 0 607.4 408.3 415.1
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (56.6) 0 (35.7) 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 0 0 8.4 8.4 13.9 0 13.8 13.8 0 24.3 19.2 25.2 26.8 25.5 24.6 21.3 21.4 21.0 16.5 14.2 11.1 11.1 11.1 11.1 9.5 (507.7) (70.9) (464.1) (48.9) (730.3) (819.3) (752.0) (758.3) (569.5) (682.6) (501.2) (10.1) (620.2) (420.0) (428.2)
Total Current Liabilities 224.6 870.9 54.2 162.4 162.5 378.8 19.6 20.1 20.0 24.6 933.8 25.9 978.3 26.8 1,128.2 402.8 410.7 657.4 530.8 146.2 122.9 292.2 653.3 763.4 874.8 724.2 492.2 0.8 449.2 0.5 716.4 804.6 738.5 744.9 556.2 669.3 487.4 578.5 607.5 408.4 415.3
Non-Current Liabilities
Long-Term Debt 1,047.0 189.3 768.3 738.7 795.3 812.6 1,343.3 1,456.5 1,479.6 1,617.0 734.1 1,670.2 734.6 1,736.6 820.9 1,498.0 1,406.7 1,287.2 1,253.7 1,422.5 1,384.4 1,153.5 818.0 783.5 748.4 624.5 606.9 0 587.0 379.1 444.8 444.7 435.5 1,336.8 479.0 494.8 457.0 227.6 284.7 174.9 255.3
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 72.3 48.4 48.4 13.9 19.7 19.7 0 10.9 10.0 12.3 (734.1) 12.7 (734.6) (1,736.6) (820.9) (1,498.0) (1,406.7) (1,287.2) (1,253.7) 9.1 7.5 10.8 8.3 9.2 12.2 9.1 (606.9) 0 (587.0) (379.1) (444.8) (444.7) (435.5) (1,336.8) (479.0) (494.8) (457.0) (227.6) (284.7) (174.9) (255.3)
Total Non-Current Liabilities 1,119.3 237.6 816.6 752.6 815.0 832.3 1,343.3 1,467.4 1,489.6 1,629.3 0 1,682.9 0 0 0 0 0 0 0 1,431.6 1,391.9 1,164.3 826.4 792.7 760.5 633.6 606.9 606.4 587.0 379.1 444.8 444.7 435.5 378.8 479.0 494.8 457.0 149.9 284.7 174.9 255.3
Total Liabilities 1,343.9 1,108.6 870.9 914.9 977.5 1,211.1 1,376.8 1,487.5 1,509.6 1,653.9 1,680.2 1,708.8 1,726.0 1,775.5 1,960.1 1,910.3 1,826.5 1,953.2 1,793.9 1,577.8 1,514.8 1,456.5 1,479.7 1,556.1 1,635.3 1,357.8 1,249.0 1,245.7 1,193.3 1,177.7 1,307.4 1,395.3 1,323.4 1,351.0 1,167.0 1,245.6 1,011.1 944.0 1,099.9 877.8 968.1
Stockholders' Equity
Common Stock 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3
Retained Earnings (329.8) (311.8) (299.5) (295.8) (276.4) (277.4) (252.8) (233.1) (213.1) (187.0) (129.4) (120.5) (99.1) (73.3) (56.9) (38.3) (29.2) (28.6) (29.1) (22.5) (23.6) (25.1) (28.4) (32.3) (31.0) 2.4 2.3 2.8 2.6 3.6 2.5 0.8 (0.4) (1.8) (0.2) (3.6) (2.5) (1.3) (2.0) (13.0) (14.3)
Accumulated Other Comprehensive Income 0 0 0 0.0 0.0 0.0 0.2 0.2 0.2 0.2 0.7 1.0 3.1 7.5 11.4 12.4 10.5 2.8 0.0 0.1 0.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 492.4 509.6 521.0 523.7 542.1 540.1 563.8 582.3 601.1 625.8 683.0 691.2 718.3 747.5 767.1 786 689.3 678.6 672.7 679.0 576.0 473.0 469.3 465.1 466.1 426.3 425.7 425.8 425.1 425.6 424.2 422.2 420.7 419.2 420.5 417.0 417.9 419.0 418.3 407.3 407.0
Total Liabilities & Equity 1,836.3 1,618.1 1,391.9 1,438.6 1,519.6 1,751.2 1,940.6 2,069.8 2,110.7 2,279.8 2,363.2 2,400.0 2,444.3 2,523.0 2,727.2 2,696.3 2,515.8 2,631.8 2,466.7 2,256.8 2,090.8 1,929.5 1,949.1 2,021.2 2,101.4 1,784.1 1,674.7 1,671.4 1,618.4 1,603.3 1,731.5 1,817.5 1,744.2 1,770.2 1,587.5 1,662.6 1,429 1,373.7 1,565.1 1,332.1 1,422.1
Debt Metrics
Total Debt 1,271.6 1,047.5 809.9 888.2 944.8 1,172.4 1,343.3 1,456.5 1,479.6 1,617.0 1,643.6 1,670.2 1,687.7 1,736.6 1,923.6 1,876.1 1,796.1 1,923.2 1,763.5 1,547.9 1,489.1 1,431.0 1,457.3 1,532.2 1,608.5 1,335.6 1,098.3 606.4 1,035.3 379.1 1,160.8 1,248.9 1,173.5 378.8 1,034.9 1,163.8 944.1 149.9 892.2 583.2 670.4
Net Debt 1,185.5 1,018.2 725.0 798.2 819.3 1,108.6 1,274.5 1,385.9 1,380.0 1,506.5 1,582.6 1,527.6 1,534.0 1,595.3 1,846.3 1,850.5 1,782.4 1,872.6 1,747.7 1,472.2 1,391.2 1,356.3 1,376.0 1,459.3 1,534.0 1,330.4 1,092.3 601.2 1,022.5 368.0 1,155.7 1,243.8 1,168.3 350.5 1,006.7 1,158.0 899.7 102.6 850.4 577.9 664.3
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income (9.6) 0 4.7 (11.0) 9.3 (10.7) (5.9) (6.1) (12.3) (39.4) 9.2 (2.2) (6.4) 2.9 0.6 10.0 16.2 17.2 10.0 17.6 15.7 14.4 14.9 9.8 (17.3) 9.7 9.0 9.8 8.5 10.0 10.0 9.3 9.3 6.2 11.1 6.7 6.5 8.7 9.5 10.0 6.4
Depreciation & Amortization 0.9 2.0 1.1 0.2 2.2 3.4 1.9 0.8 0.8 1.9 1.2 0 1.0 (0.8) 1.7 0 0 9.9 0.2 0 2.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 5.7 0 0 1.5 7.6 0 0 1.7 6.3 0.1 0.1 0.1
Stock-Based Compensation 0 0 1.0 0.9 1.1 1.1 1.2 1.2 1.3 1.0 1.0 1.0 1.0 0.7 0.7 0.7 0.8 0.5 0 0.5 0.5 0.4 0.4 0.4 0.2 0.5 0.5 0.4 0.5 0.3 0.3 0.2 0.2 0.2 0.2 0.1 0.1 0.1 (0.1) 0.1 0.2
Change in Working Capital (63.0) (1.4) (3.3) (0.9) 0.9 (2.5) (1.4) (1.2) (0.7) (0.5) (4.3) (6.1) (8.6) (6.5) (6.2) (4.5) 2.1 (0.8) (7.0) (5.0) (3.5) (3.9) (5.5) (4.4) (1.7) (2.4) (1.0) (0.5) (2.7) 0.6 0.7 (1.0) 0.5 (0.1) 0.2 (1.0) (0.7) 0.1 4.4 4.8 33.9
Other Non-Cash Items 15.1 4.1 0.3 15.6 (5.4) 15.7 12.6 14.1 22.3 47.1 6.6 19.2 24.4 18.7 16.2 6.7 (2.9) 0.5 7.3 (3.3) 0.4 0.1 (4.2) 4.2 (0.1) 0.3 (0.2) (0.3) 0.4 (0.0) (0.8) (0.1) (0.4) 0.3 (0.6) 1.0 0.3 (0.6) (48.6) (0.5) (22.3)
Operating Cash Flow (56.6) 4.6 3.8 4.9 8.0 7.1 8.4 8.7 11.4 10.1 13.5 11.9 11.3 15.1 12.9 12.9 16.2 18.1 10.5 9.9 9.9 9.0 8.6 5.9 8.3 7.6 8.5 9.5 6.8 10.9 10.2 8.4 9.7 7.4 10.9 6.8 6.2 8.4 (33.2) 15.6 17.8
Investing Activities
Capital Expenditure 0 (0.3) (0.4) 0.0 (0.0) 0 0 0 0 0 0 0 0 0 0 0 0 (0.1) 0 0 0 (0.0) (0.0) (0.0) (0.2) (0.1) (1.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (0.5) (0.3) 0 0 0 0 0 0 0 0 0 0 0 (27.9) 0 0 0 0.6 (0.1) (0.6) (0.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 11.4 (31.3) 0 (0.1) 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (100.7) (258.5) 113.2 26.3 298.7 172.7 121.5 (0.3) 134.0 85.8 (47.7) 19.2 70.1 285.0 12.2 (165.9) 89.7 (125.1) (267.1) (176.0) (131.2) 23.4 87.8 80.9 (273.7) (106.5) 0.8 (58.3) (9.0) 139.3 86.3 (71.4) 3.7 (181.3) 100.4 (268.2) (56.7) 199.1 (276.1) 93.5 (59.9)
Investing Cash Flow (89.8) (290.1) 113.2 26.3 298.7 172.7 121.5 (0.3) 134.0 85.8 (47.7) 19.2 70.1 257.1 12.2 (165.9) 89.7 (124.6) (267.1) (176.6) (131.4) 23.4 87.8 80.9 (274.0) (106.6) (0.5) (58.3) (9.0) 139.3 86.3 (71.4) 3.7 (181.3) 100.4 (268.2) (56.7) 199.1 (276.1) 93.5 (59.9)
Financing Activities
Net Debt Issuance 222 237.3 (78.9) (57.7) (228.1) (171.3) (114.0) (21.2) (137.7) (26.7) (26.9) (17.7) (49.2) (189.0) 47.2 79.2 (128.3) 159.1 213.5 58.1 62.8 (26.5) (75.7) (76.2) 272.5 108.6 2.5 52.1 16.2 (134.4) (88.2) 71.2 (28.5) 182.7 (81.0) 233.2 68.7 (156.2) 356.2 (97.8) 48.2
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 (4.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1.1) (0.4)
Dividends Paid (8.4) (8.4) (8.4) (8.4) (13.9) (13.8) (13.8) (13.8) (18.2) (18.1) (19.2) (19.3) (19.3) (19.2) (19.2) (16.7) (16.7) (16.5) (16.5) (14.2) (11.1) (11.1) (11.1) (11.1) (9.6) (9.5) (9.5) (9.5) (8.9) (8.3) (8.0) (8.0) (7.7) (7.7) (7.7) (7.7) (7.4) (7.4) (7.4) (7.4) (7.2)
Other Financing Activities 0 (0.2) 0 0 (1.9) (0.7) (0.5) (2.3) (0.4) (1.7) (1.4) (0.7) (0.3) 0 (1.5) (1.0) (0.7) (3.4) 0 (1.2) (8.0) (1.4) (1.3) (1.4) (1.3) (0.7) (0.2) (1.5) (3.4) (1.4) (0.2) (0.4) (0.3) (1.0) 0 (2.9) (13.7) (38.4) (4.1) (2.6) (1.4)
Financing Cash Flow 213.6 228.7 (87.3) (66.1) (244.0) (185.8) (128.3) (37.2) (156.3) (46.5) (47.4) (42.3) (68.8) (208.2) 26.5 164.8 (142.8) 141.4 196.7 144.5 144.6 (38.9) (88.0) (88.7) 334.9 98.3 (7.3) 41.1 3.9 (144.2) (96.5) 62.8 (36.5) 174.1 (88.8) 222.7 47.6 (202.0) 344.7 (108.9) 39.2
Cash Position
Net Change in Cash 67.2 (56.7) 29.7 (34.9) 62.8 (6.1) 1.7 (28.9) (10.9) 49.4 (81.6) (11.2) 12.5 64.0 51.7 11.9 (36.9) 34.8 (59.9) (22.3) 23.2 (6.5) 8.3 (1.9) 69.2 (0.7) 0.7 (7.6) 1.7 6.1 (0.0) (0.2) (23.1) 0.1 22.5 (38.7) (2.9) 5.5 35.5 0.1 (2.8)
Cash at Beginning 67.2 123.9 94.1 129.1 66.3 72.3 70.6 99.5 110.5 61.0 142.6 153.8 141.3 77.3 25.6 13.8 50.6 15.8 75.7 97.9 74.8 81.3 73.0 74.9 5.6 6.3 5.6 13.2 11.5 5.4 5.4 5.6 28.7 28.2 5.7 44.4 47.3 41.8 6.3 6.2 9.0
Cash at End 134.3 67.2 123.9 94.1 129.1 66.3 72.3 70.6 99.5 110.5 61.0 142.6 153.8 141.3 77.3 25.6 13.8 50.6 15.8 75.7 97.9 74.8 81.3 73.0 74.9 5.6 6.3 5.6 13.2 11.5 5.4 5.4 5.6 28.3 28.2 5.7 44.4 47.3 41.8 6.3 6.2
Free Cash Flow (56.6) 4.3 3.4 4.9 8.0 7.1 8.4 8.7 11.4 10.1 13.5 11.9 11.3 15.1 12.9 12.9 16.2 18.0 10.5 9.9 9.9 9.0 8.6 5.9 8.0 7.5 7.2 9.5 6.8 10.9 10.2 8.4 9.7 7.4 10.9 6.8 6.2 8.4 (33.2) 15.6 17.8
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1
Income Statement
Revenue 27.5 29.3 27.3 (4.3) 14.9 (0.5) 10.9 0.4 (26.0) 16.6 19.0 25.0 20.9 30.4 27.3 25.1 26.2 30.1 27.2 23.5 21.2 21.2 22.4 14.0 21.1 21.6 19.8 21.7 14.2 14.5 14.0 13.6 13.1 10.9 14.7 10.4 10.3 12.6 11.8 10.5 14.8 20.9 23.8 21.7 17.9 20.8 12.9 16.2 13.9 12.2 11.4 6.8 3.4 2.2 1.9 1.6 0.9
Gross Profit 21.0 20.4 14.7 (0.3) 14.9 (0.5) 10.9 0.4 (26.0) 16.6 19.0 25.0 20.9 30.4 27.3 25.1 26.2 30.1 27.2 23.5 21.2 21.2 22.4 14.0 21.1 21.6 13.0 14.6 14.1 14.5 14.0 13.6 13.1 10.9 14.7 10.4 10.3 12.6 11.8 10.5 10.5 20.9 17.9 16.3 13.2 20.8 8.2 11.7 9.9 6.7 9.1 6.8 3.4 1.1 1.5 1.2 0.6
Operating Income 7.8 9.5 4.7 (11.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11.5 13.0 12.5 38.6 26.6 25.4 23.7 30.4 11.1 6.7 6.5 30.5 7.7 7.3 8.2 (39.2) 15.4 14.4 11.2 (19.5) 7.3 11.0 8.3 26.3 9.1 6.6 3.7 0.2 (0.6) (0.2) 0.5
Net Income (9.6) (3.9) 4.7 (11.0) 9.3 (10.7) (5.9) (6.1) (12.3) (39.4) 9.2 (2.2) (6.4) 2.9 0.6 10.0 16.2 17.2 10.0 17.6 15.7 14.4 14.9 9.8 (17.3) 9.7 9.0 9.8 8.5 10.0 10.0 9.3 9.3 6.2 11.1 6.7 6.5 8.1 18.4 8.7 5.1 8.9 9.4 9.0 7.1 8.9 4.1 6.6 4.8 2.5 7.6 3.3 0.3 1.1 (0.6) (0.2) 0.5
EPS (Diluted) -0.17 -0.07 0.08 -0.20 0.17 -0.20 -0.11 -0.11 -0.23 -0.73 0.17 -0.04 -0.12 0.05 0.01 0.20 0.34 0.36 0.21 0.43 0.45 0.43 0.44 0.29 -0.54 0.33 0.31 0.34 0.30 0.35 0.35 0.33 0.33 0.22 0.39 0.24 0.23 0.28 0.65 0.31 0.18 0.31 0.33 0.31 0.25 0.31 0.14 0.23 0.17 0.13 0.52 0.32 0.04 0.16 -0.06 -0.03 -0.01
Balance Sheet
Cash & Equivalents 86.2 29.3 84.9 90.0 125.5 63.8 68.9 70.6 99.5 110.5 61.0 142.6 153.8 141.3 77.3 25.6 13.8 50.6 15.8 75.7 97.9 74.8 81.3 73.0 74.5 5.3 6.0 5.2 12.8 11.1 5.0 5.0 5.2 28.3 28.2 5.7 44.4 47.3 41.8 5.3 6.2
Total Assets 1,836.3 1,618.1 1,391.9 1,438.6 1,519.6 1,751.2 1,940.6 2,069.8 2,110.7 2,279.8 2,363.2 2,400.0 2,444.3 2,523.0 2,727.2 2,696.3 2,515.8 2,631.8 2,466.7 2,256.8 2,090.8 1,929.5 1,949.1 2,021.2 2,101.4 1,784.1 1,674.7 1,671.4 1,618.4 1,603.3 1,731.5 1,817.5 1,744.2 1,770.2 1,587.5 1,662.6 1,429 1,373.7 1,565.1 1,332.1 1,422.1
Total Debt 1,271.6 1,047.5 809.9 888.2 944.8 1,172.4 1,343.3 1,456.5 1,479.6 1,617.0 1,643.6 1,670.2 1,687.7 1,736.6 1,923.6 1,876.1 1,796.1 1,923.2 1,763.5 1,547.9 1,489.1 1,431.0 1,457.3 1,532.2 1,608.5 1,335.6 1,098.3 606.4 1,035.3 379.1 1,160.8 1,248.9 1,173.5 378.8 1,034.9 1,163.8 944.1 149.9 892.2 583.2 670.4
Stockholders' Equity 492.4 509.6 521.0 523.7 542.1 540.1 563.8 582.3 601.1 625.8 683.0 691.2 718.3 747.5 767.1 786 689.3 678.6 672.7 679.0 576.0 473.0 469.3 465.1 466.1 426.3 425.7 425.8 425.1 425.6 424.2 422.2 420.7 419.2 420.5 417.0 417.9 419.0 418.3 407.3 407.0
Cash Flow
Operating Cash Flow (56.6) 4.6 3.8 4.9 8.0 7.1 8.4 8.7 11.4 10.1 13.5 11.9 11.3 15.1 12.9 12.9 16.2 18.1 10.5 9.9 9.9 9.0 8.6 5.9 8.3 7.6 8.5 9.5 6.8 10.9 10.2 8.4 9.7 7.4 10.9 6.8 6.2 8.4 (33.2) 15.6 17.8
Capital Expenditure 0 (0.3) (0.4) 0.0 (0.0) 0 0 0 0 0 0 0 0 0 0 0 0 (0.1) 0 0 0 (0.0) (0.0) (0.0) (0.2) (0.1) (1.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Free Cash Flow (56.6) 4.3 3.4 4.9 8.0 7.1 8.4 8.7 11.4 10.1 13.5 11.9 11.3 15.1 12.9 12.9 16.2 18.0 10.5 9.9 9.9 9.0 8.6 5.9 8.0 7.5 7.2 9.5 6.8 10.9 10.2 8.4 9.7 7.4 10.9 6.8 6.2 8.4 (33.2) 15.6 17.8