Braemar Hotels & Resorts Inc. logo BHR - Braemar Hotels & Resorts Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 2
HOLD 5
SELL 0
STRONG
SELL
0
| PRICE TARGET: $9.83 DETAILS
HIGH: $17.00
LOW: $3.50
MEDIAN: $9.00
CONSENSUS: $9.83
UPSIDE: 294.78%
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
Revenue
Revenue 209.0 165.6 143.6 179.1 215.8 173.3 148.4 187.6 219.1 177.5 159.8 186.7 215.3 171.6 161.2 174.9 161.9 130.4 116.2 97.1 83.8 51.8 44.8 12.9 117.5 121.7 118.9 118.5 128.5 98.9 108.8 121.1 102.5 92.6 108.1 116.1 97.3 94.0 99.7 112.4 99.8 88.2 90.8 92.8 77.8 76.8 84.8 84.0 61.8 55.1 61.0 63.3 54.1 61.2 54.0
Cost of Revenue 179.7 172.8 127.7 132.9 135.7 142.7 132.3 138.4 153.4 141.9 133.9 134.6 144.2 106.1 130.4 118.9 107.2 101.9 94.5 80.2 68.1 54.5 49.3 32.7 100.5 97.8 90 84.4 94.5 78.2 80.1 81.8 72.1 68.4 81.5 81.3 69.9 70.1 73.4 77.7 72.5 68.0 63.5 61.6 57.4 55.4 58.5 57.2 45.6 39.7 41.1 39.7 37.7 41.1 35.8
Gross Profit 29.3 (7.3) 15.8 46.1 80.1 30.6 16.1 49.2 65.7 35.6 25.9 52.1 71.1 65.5 30.8 56.0 54.7 28.5 21.7 16.9 15.7 (2.7) (4.6) (19.8) 17.0 23.9 28.9 34.1 34.0 20.7 28.8 39.3 30.4 24.1 26.6 34.8 27.4 23.9 26.3 34.8 27.3 20.2 27.3 31.3 20.4 21.3 26.3 26.7 16.2 15.4 19.9 23.6 16.4 20.1 18.2
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
SG&A Expenses 4.9 0.2 3.8 4.9 2.9 3.3 8.9 12.3 (2.2) 4.3 2.5 12.1 10.8 32.9 8.1 9.7 9.8 2.6 2.1 2.4 1.6 1.8 1.4 1.5 1.9 1.8 3.6 2.9 2.6 9.2 3.1 2.6 2.6 7.9 1.6 1.9 3.9 8.4 3.8 12.5 3.9 3.1 2.4 1.6 1.6 1.4 0.9 1.0 1.0 2.3 2.8 2.7 3.8 3.5 2.6
Other Expenses (15.4) (7.9) (17.8) 23.4 40.5 23.6 (63.1) 24.7 25.4 25.5 22.7 22.6 22.5 20.5 19.6 19.5 18.4 18.9 18.6 17.4 17.9 18.0 8.4 18.6 18.3 (8.2) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.0) (0.1) (0.2) (0.1) (0.1) 11.3 (0.0) 11.4 (0.1) 1.2 0.1 10.6 10.7 10.7 8.8 8.0 7.8 7.6 (2.0) 0 0
Operating Expenses (10.6) (7.7) (14.0) 28.3 43.4 26.8 (54.3) 37.0 23.2 29.8 25.2 34.7 33.3 53.4 27.7 29.2 28.3 21.6 20.7 19.7 19.5 19.8 9.8 20.1 20.3 (6.4) 20.4 21.4 19.3 17.6 17.6 17.4 15.6 14.4 15.7 15.3 15.8 10.0 15.0 23.8 15.8 14.5 13.7 12.2 12.1 11.9 11.5 11.7 9.8 10.3 10.5 10.3 11.2 10.9 9.9
Operating Income
Operating Income 39.9 0.5 29.8 17.9 36.7 3.8 70.3 12.2 42.5 5.8 0.7 17.4 37.8 12.1 3.1 26.8 26.5 6.9 1.1 (2.8) (3.7) (22.4) (14.3) (39.9) (3.2) 30.3 7.3 12.7 14.1 3.2 11.2 21.4 14.3 9.6 9.6 12.4 7.2 13.9 11.2 10.5 11.5 5.4 13.3 19.1 8.3 9.5 14.7 14.8 4.8 (8.4) 9.4 13.3 5.2 9.2 8.3
Interest Expense 21.2 20.5 25.2 25.4 24.8 26.4 27.9 27.3 26.5 24.4 23.3 23.6 22.9 18.9 14.5 10.3 8.5 8.6 8.4 7.2 6.8 6.9 8.9 17.4 11.9 12.6 13.6 14.1 14.2 13.7 13.1 12.7 10.2 10.2 10.6 9.9 8.2 9.8 9.8 9.9 9.8 9.0 8.7 8.5 8.9 9.4 9.7 10.0 8.6 8.2 8.4 8.3 7.9 0 7.8
Interest Income 0.8 1.3 1.5 1.5 1.9 2.6 2.7 1.1 0.8 1.0 1.0 2.3 2.1 1.7 0.7 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.2 0.3 0.4 0.6 0.5 0.2 0.2 0.2 0.2 0.2 0.1 0.0 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 7.8 0
Profitability
EBITDA 63.2 10.5 52.5 41.6 60.5 28.7 92.1 38.2 69.0 30.2 22.3 43.1 64.4 35.2 25.9 47.7 45.3 25.8 19.1 14.3 14.4 (4.8) 3.0 (24.4) 16.4 48.4 21.7 27.3 30.5 14.4 21.9 27.5 21.9 25.2 28.3 33.0 19.3 20.7 22.5 21.9 20.7 18.1 21.2 28.8 18.7 20.0 25.3 25.5 13.5 (0.5) 17.1 20.9 10.6 16.5 15.6
EBIT 40.6 (12.3) 29.3 18.2 37.0 5.0 66.9 13.4 43.4 4.6 (0.5) 20.4 41.8 14.6 6.2 28.0 26.7 6.8 0.7 (4.1) (4.1) (23.0) (15.7) (43.1) (2.1) 30.0 4.8 8.8 13.8 3.0 13.2 26.7 15.0 37.8 10.7 10.8 7.4 11.2 30.6 14.1 10.9 3.6 2.1 18.1 9.6 9.4 14.7 14.8 4.8 (8.4) 9.4 13.3 3.2 9.2 8.3
Income Before Tax 19.5 (35.5) 4.1 (7.2) 12.1 (21.4) 39.0 (13.9) 16.9 (19.9) (23.8) (3.2) 18.9 (4.3) (8.3) 17.8 18.2 (1.7) (7.7) (11.3) (10.9) (29.9) (24.6) (60.6) (14.0) 17.4 (8.8) (5.2) (0.4) (14.0) 0.1 14.1 4.8 27.6 0.1 0.9 (0.8) 1.4 20.8 3.4 0.2 (6.2) (7.2) 9.0 0.1 (0.5) 4.6 4.7 (4.2) (16.9) 1.0 5.0 (4.7) 1.4 0.5
Income Tax Expense 1.4 1.5 (0.6) (0.3) 1.5 0.4 (0.9) (0.1) 1.5 1.6 (1.2) (0.1) 2.3 0.3 0.1 1.1 2.6 0.6 0.6 0.1 0.1 0.2 (1.5) (4.4) 1.4 0.3 0.2 0.4 0.9 (0.1) 0.7 1.2 0.6 (0.9) 0.3 0.5 (0.5) 0.6 (0.5) 1.2 0.4 (0.1) 0.1 (0.2) 0.5 0.5 0.2 0.2 0.2 0.1 1.0 0.7 0.6 1.1 1.1
Net Income 17.7 (33.6) 5.7 (5.5) 11.0 (18.7) 12.6 (11.6) 15.9 (19.2) (22.0) (1.8) 16.0 (3.2) (8.0) 14.4 14.7 (1.8) (6.9) (9.2) (8.7) (25.7) (18.7) (47.9) (12.9) 15.2 (9.4) (4.5) (1.0) (12.4) (1.9) 11.5 4.0 24.9 (1) (0.9) (0.0) 0.4 16.9 2.2 (0.1) (6.4) (6.8) 6.7 (0.2) (2.1) 3.4 3.5 (2.9) (11.4) 0.4 3.8 (4.6) (0.9) (0.3)
Per Share Data
EPS (Basic) 0.30 -0.49 0.08 -0.24 -0.04 -0.47 -0.02 -0.33 0.19 -0.47 -0.50 -0.20 0.05 -0.26 -0.24 0.14 0.16 -0.07 -0.15 -0.32 -0.28 -0.77 -0.63 -1.53 -0.48 0.38 -0.37 -0.22 -0.11 -0.44 -0.12 0.30 0.07 0.73 -0.09 -0.09 -0.07 -0.03 0.61 0.04 -0.00 -0.23 -0.25 0.27 -0.01 -0.08 0.13 0.14 -0.13 -0.71 0.02 0.24 -0.29 -0.06 -0.02
EPS (Diluted) 0.21 -0.46 0.08 -0.24 -0.04 -0.47 -0.02 -0.33 0.19 -0.47 -0.50 -0.20 0.05 -0.26 -0.24 0.12 0.16 -0.06 -0.15 -0.32 -0.28 -0.77 -0.63 -1.53 -0.48 0.36 -0.37 -0.22 -0.11 -0.44 -0.12 0.29 0.07 0.65 -0.09 -0.09 -0.07 -0.03 0.55 0.04 -0.00 -0.23 -0.25 0.27 -0.01 -0.08 0.13 0.14 -0.13 -0.71 0.02 0.24 -0.29 -0.06 -0.02
Shares Outstanding 68.4 68.2 68.2 67.0 66.7 66.5 66.5 66.5 66.5 65.8 65.8 65.8 66.5 70.8 69.7 70.7 89.9 61.0 59.2 47.8 39.6 36.5 33.7 32.9 32.3 32.4 32.3 32.3 32.1 32.1 31.1 32.0 31.7 31.6 31.5 30.6 27.3 25.5 25.6 27.9 28.3 28.3 26.8 24.0 24.1 25.0 25.3 25.3 22.2 16.0 16.1 16.1 15.9 16.0 16.1
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 92.7 124.4 116.3 80.2 81.7 135.5 168.7 114.6 137.1 85.6 149.5 191.5 344.6 261.5 412.8 299.1 185.2 216.0 195.5 157.7 85.7 78.6 88.2 102.6 141.8 72.0 82.6 80.4 73.8 182.6 163.8 169.2 95.2 137.5 126.8 129.7 161.3 126.8 128.6 130.0 101.9
Short-Term Investments 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
Net Receivables 37.0 32.8 64.7 32.7 73.8 31.8 58.2 49.9 64.8 56.9 52.2 48.6 64.7 79.0 51.2 53.1 70.3 52.9 17.3 18.7 17.6 13.6 17.3 7.7 13.8 19.1 38.5 31.7 38.1 17.7 25.7 28.4 48.6 36.2 55.8 35.3 43.5 37.0 32.6 35.7 36.0
Inventory 4.9 4.7 4.6 4.7 4.7 4.7 4.6 4.6 4.7 5.0 4.9 0 0 5.2 0 0 4.3 3.1 2.7 2.5 2.4 2.6 2.4 2.6 2.7 2.8 2.4 2.3 2.4 1.9 1.8 1.9 1.4 1.4 1.7 1.8 1.8 1.5 1.4 1.4 1.5
Other Current Assets 105.6 0 47.7 93.8 54.5 85.9 48.5 177.3 82.4 80.9 71.3 (240.1) (409.3) 54.2 (464.0) (352.2) 48.7 47.4 71.3 86.0 65.8 52.2 55.0 57.3 70.5 81.1 63.7 78.3 93.6 80.3 80.9 87.4 69.3 51.5 31.6 40.6 42.2 41.5 45.6 105.6 41.4
Total Current Assets 240.3 161.9 255.7 211.7 224.7 258.1 285.7 351.3 300.1 238.4 278.0 0 0 407.0 0 0 308.5 323.8 287.0 264.9 171.4 146.9 163.0 170.2 228.8 175.0 187.2 192.7 207.8 282.4 272.3 287.0 214.6 226.6 220.4 207.3 248.9 206.8 208.3 272.7 180.8
Non-Current Assets
Property, Plant & Equipment 30.6 30.7 34.4 1,811.9 34.7 1,813.5 34.2 34.3 78.1 78.4 78.7 78.9 79.2 79.4 79.7 80.0 80.2 80.5 1,532.6 1,470.6 1,487.5 1,505.8 1,518.3 1,530.1 1,551.4 1,564.0 83.0 82.4 82.3 1,299.9 1,283.4 1,278.1 1,148.3 1,145.8 1,231.1 1,252.5 1,157.3 1,014.5 1,018.9 1,020.0 1,082.8
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 2.7 2.7 2.8 2.9 3.0 3.1 0 0 0 0 3.6 0 0 3.9 0 0 4.2 4.3 4.4 4.5 4.5 4.6 4.7 4.8 4.9 5.0 5.1 5.2 5.3 27.7 27.8 28.0 22.5 22.5 22.6 22.7 22.8 22.8 22.9 23 23.1
Long-Term Investments 1,545.1 1,558.4 17.4 17.3 42.5 41.7 43.0 1.5 1.6 1.7 1.7 0 0 1.7 0 0 1.6 1.7 1.6 1.6 1.6 1.7 1.8 1.8 1.9 1.9 6.7 8.0 12.7 11.9 16.6 14.6 20.6 18.1 11.8 9.9 11.5 8.4 9.3 9.7 54.6
Other Non-Current Assets 30.9 (1,558.4) 1,699.0 20.4 1,793.0 19.6 1,811.5 1,821.2 1,898.1 1,904.9 18.5 (82.6) (83.0) 1,905.7 (83.7) (84.0) 1,653.7 1,469.3 14.4 18.6 15.6 14.9 14.4 15.0 15.4 13.0 12.3 10.8 10.3 1,314.5 1,293.1 1,287.4 1,165.3 1,156.5 4.5 1,259.1 1,167.7 1,019.0 1,023.7 1,029.9 1,091.2
Total Non-Current Assets 1,609.2 33.5 1,753.6 1,852.5 1,873.3 1,878.0 1,891.9 1,860.4 1,981.3 1,988.4 1,989.7 0 0 1,990.7 0 0 1,739.7 1,555.7 1,553.0 1,495.3 1,509.3 1,527.1 1,539.1 1,551.7 1,573.7 1,584.0 1,579.4 1,567.8 1,553.9 1,354.1 1,337.6 1,329.9 1,208.4 1,197.2 1,271.6 1,291.7 1,201.9 1,050.2 1,055.9 1,062.6 1,168.9
Total Assets 1,849.5 1,861.7 2,009.3 2,064.2 2,098.0 2,136.1 2,177.7 2,211.7 2,281.4 2,226.8 2,267.6 2,261.5 2,409.5 2,397.7 2,210.1 2,092.6 2,048.1 1,879.5 1,840.0 1,760.1 1,680.8 1,674.0 1,702.1 1,722.0 1,802.5 1,758.9 1,766.6 1,760.4 1,761.7 1,636.5 1,609.8 1,616.9 1,423.0 1,423.8 1,492.0 1,499.0 1,450.8 1,257.0 1,264.1 1,335.3 1,349.7
Current Liabilities
Account Payables 135.2 0 150.1 131.1 136.1 84.9 144.9 129.7 144.2 149.9 144.1 0 0 134.0 0 0 118.5 96.3 89.3 84.5 74.1 61.6 64.9 69.8 87.4 93.8 97.9 85.5 76.8 64.1 67.4 64.0 57.5 56.8 59.9 54.6 52.9 44.8 51.1 58.3 47.8
Short-Term Debt 117.2 74.3 5.4 135.0 43.4 293.2 0 0 0 0 401.5 844.2 986.2 0 667.2 627.5 234.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 551.8 150
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 (401.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (502.5) (42) (179.5) 0 (179.5) (179.5) (477.7) (200.1) (192) (232.0) (232) (566.1) (485.4) (539.7) (150)
Other Current Liabilities (135.2) 0 0 13.9 0 71.5 0 113.5 0 0 0.0 (462.5) (176.0) 0 136.9 (507.5) (232.6) 0 5.9 6.4 6.3 6.1 4.6 4.2 8.1 11.9 0 0 0 0 0 0 0 0 0 0.0 0 374.1 0 (487.8) (144.4)
Total Current Liabilities 117.2 74.3 168.8 280.1 195.8 454.0 161.2 255.7 160.0 162.7 154.6 381.6 810.3 154.3 804.2 120.0 126.1 100.6 95.2 90.9 80.5 68.7 71.2 76.7 95.6 110.1 114.4 102.1 93.5 78.5 82.1 75.9 68.3 68.4 72.5 69.4 65.5 58.4 60.8 128.2 58.6
Non-Current Liabilities
Long-Term Debt 1,035.5 1,080.1 1,159.3 1,075.9 1,159.3 916.8 1,208.0 1,128.4 1,223.3 1,162.4 777.2 291.8 291.4 1,334.1 569.6 610.0 1,238.1 1,172.7 1,172.8 1,144.2 1,118.8 1,130.6 1,133.0 1,123.3 1,134.5 1,058.5 1,057.5 1,047.7 1,046.7 985.9 985.7 985.2 821.1 821.0 906.8 907.0 856.2 195.5 766.0 776.0 834.1
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 173.8 162.2 434.3 26.9 27.3 24.3 484.1 504.6 507.3 510.9 22.6 (352.3) (352.0) 414.3 (630.4) (670.8) 20.6 126.9 20.7 18.5 18.8 18.1 17.3 19.4 17.9 17.5 29.5 28.0 26.5 29.0 16.7 21.6 5.2 5.2 5.2 5.1 5.1 574.1 5.0 5.0 5.0
Total Non-Current Liabilities 1,229.3 1,262.3 1,613.6 1,122.8 1,206.5 959.9 1,711.2 1,652.1 1,790.9 1,733.7 1,261.8 0 0 1,809.1 0 0 1,321.5 1,360.6 1,254.4 1,223.5 1,198.5 1,209.6 1,211.3 1,203.7 1,213.5 1,137.1 1,148.2 1,136.5 1,133.9 1,014.9 1,002.5 1,006.8 826.3 826.2 912.0 912.1 861.2 769.7 771.0 781.0 839.1
Total Liabilities 1,346.6 1,336.6 1,782.4 1,402.9 1,402.3 1,413.9 1,872.4 1,907.8 1,950.8 1,896.4 1,416.4 1,369.3 1,504.5 1,963.4 1,455.2 1,439.6 1,447.6 1,461.1 1,349.6 1,314.4 1,279.0 1,278.2 1,282.5 1,280.4 1,309.0 1,247.2 1,262.5 1,238.5 1,227.4 1,093.4 1,084.5 1,082.7 894.6 894.5 984.5 981.6 926.7 828.1 831.9 909.2 897.8
Stockholders' Equity
Common Stock 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.6 0.6 0.4 0.4 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
Retained Earnings (561.6) (568.5) (515.8) (502.4) (482.6) (477.8) (442.2) (437.3) (412.0) (412.2) (377.7) (341.2) (324.8) (324.7) (307.7) (290.3) (303.3) (309.2) (303.8) (295.6) (278.4) (266.0) (237.8) (212.4) (166.1) (150.6) (155.0) (137.8) (132.6) (115.4) (99.2) (87.8) (91.8) (88.8) (106.9) (99.1) (91.2) (93.3) (90.7) (105.0) (92.7)
Accumulated Other Comprehensive Income 0 0 (0.0) (0.1) 0.1 (0.7) (0.7) 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 0 0 (298.0) 0 0 0 0 0 0
Total Stockholders' Equity 484.9 504.0 211.9 646.7 672.7 695.6 276.9 282.3 307.3 307.0 831.3 869.7 884.2 410.1 728.3 627.6 574.7 398.8 467.2 432.6 389.9 383.2 403.6 421.1 465.9 476.2 469.7 485.4 488.6 503.6 481.3 491.6 486.9 487.4 467.0 475.3 480.9 374.8 375.1 369.4 406.7
Total Liabilities & Equity 1,849.5 1,861.7 2,009.3 2,064.2 2,098.0 2,136.1 2,177.7 2,211.7 2,281.4 2,226.8 2,267.6 2,261.5 2,409.5 2,397.7 2,210.1 2,092.6 2,048.1 1,879.5 1,840.0 1,760.1 1,680.8 1,674.0 1,702.1 1,722.0 1,802.5 1,758.9 1,766.6 1,760.4 1,761.7 1,636.5 1,609.8 1,616.9 1,423.0 1,423.8 1,492.0 1,499.0 1,450.8 1,257.0 1,264.1 1,335.3 1,349.7
Debt Metrics
Total Debt 1,172.8 1,174.4 1,184.7 1,230.9 1,222.7 1,230.0 1,227.2 1,147.5 1,283.6 1,222.8 1,239.2 1,196.5 1,338.3 1,394.8 1,297.6 1,298.3 1,533.5 1,233.6 1,233.7 1,205.0 1,179.7 1,191.5 1,193.9 1,184.3 1,195.6 1,119.6 1,118.6 1,108.5 1,107.4 985.9 985.7 985.2 821.1 821.0 906.8 907.0 856.2 764.6 766.0 776.0 834.1
Net Debt 1,080.1 1,050.1 1,068.4 1,150.7 1,141.0 1,094.5 1,058.5 1,032.9 1,146.5 1,137.2 1,089.7 1,005.0 993.7 1,133.3 884.8 999.2 1,348.4 1,017.6 1,038.1 1,047.3 1,094.0 1,112.9 1,105.7 1,081.8 1,053.8 1,047.6 1,036.1 1,028.1 1,033.6 803.3 821.9 816.0 725.8 683.4 780.0 777.3 694.8 637.8 637.4 646.0 732.2
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
Operating Activities
Net Income 17.7 (33.6) 4.7 (6.8) 10.7 (21.8) 12.6 (13.8) 15.5 (21.5) (22.6) (3.1) 16.6 (4.6) (8.4) 16.7 15.6 (2.3) (8.2) (11.4) (11.0) (30.1) (23.1) (56.1) (15.4) 15.2 (9.0) (5.6) (1.3) (13.9) (0.6) 12.9 4.3 28.4 (0.2) 0.4 (0.3) 0.8 21.3 2.3 (0.1)
Depreciation & Amortization 22.6 22.7 23.3 23.5 23.5 23.6 25.1 24.8 25.5 25.6 22.8 22.7 22.6 20.6 19.7 19.7 18.6 19.0 18.4 18.4 18.5 18.2 18.7 18.8 18.5 18.4 17.0 18.6 16.8 15.1 14.5 14.9 13.0 12.7 14.2 13.5 12.0 11.6 11.2 11.3 11.9
Stock-Based Compensation 0 0 0.1 (0.0) (0.0) (0.1) 0 1.1 1.1 2.4 1.6 3.0 2.2 2.3 3.4 3.3 2.3 2.9 3.0 2.8 1.4 1.9 2.0 2.0 2.0 0 2.4 2.0 1.5 1.3 1.7 1.4 2.6 0.7 (0.9) 0.6 (1.7) 0.6 1.2 2.9 (0.6)
Change in Working Capital (20.5) 5.5 3.0 3.2 (22.1) 2.0 15.3 10.9 (7.3) 1.0 6.2 (2.6) 2.3 (11.9) 12.1 12.8 (7.6) (11.4) 9.8 8.8 3.8 (5.3) (1.1) 10.7 (7.8) 4.3 1.6 11.6 (18.9) 7.8 (0.8) 9.4 (16.3) 8.7 2.3 7.9 (5.8) 5.9 (1.3) (4.9) (2.1)
Other Non-Cash Items 2.2 13.7 (36.8) 3.3 3.1 3.0 (53.0) 1.0 1.2 3.0 3.0 (0.4) (1.5) (1.1) (2.7) (1.4) (0.0) 0.5 0.6 0.9 (0.6) 0.8 (8.8) 2.9 1.8 (20.7) 4.3 6.1 1.1 8.5 (0.5) (3.8) 0.2 (27.1) 0.4 3.2 1.0 3.6 (18.5) (2.7) 1.4
Operating Cash Flow 21.9 8.3 (5.8) 23.0 15.1 6.7 0.0 24.1 36.0 11.7 11.0 19.6 42.3 5.5 24.1 51.0 28.8 8.8 23.6 19.5 12.0 (14.7) (12.3) (22.4) (0.9) 17.3 16.5 33.1 (0.6) 17.8 14.2 34.7 3.9 24.0 16.0 26.1 4.6 23.3 14.2 9.0 10.6
Investing Activities
Capital Expenditure (12.1) (23.4) 0 15.3 0 0 (15.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 21.5 0 0 0 (28.1) (26.6) (34.3) (148.7) (33.0) (19.2) (124.7) (20.2) 88.3 (11.0) (102.1) (163.3) (6.8) 73.1 (3.6) (3.4)
Acquisitions 0 (20.0) 0 0 0 0 3.0 0 0 (0.0) (0.1) (0.1) (0.1) 0 (0.2) (0.2) 0 (0.1) (0.1) 0 0 0.0 0 0 (0.0) 0 (0.2) 0.3 (0.2) (183.0) 0.0 (173.4) (2) (248.2) (0.0) (89.6) (154.0) 0 0 0 0
Purchases of Investments 0 5.5 0 0 0 0 (48.1) 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 0 250.5 0 0 161.0 0 0 0 0
Sales/Maturities of Investments 0 125.2 0 0 0 0 155.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.6 0 0 0 0 0 0 0 (2.3) 0 0 2.3 0 0 0 0
Other Investing Activities (11.9) 1.3 118.2 2.5 (14.2) (17.2) (0.5) (15.9) (22.8) (21.5) (19.4) (17.3) (18.6) (278.6) (16.6) (8.9) (97.7) (17.9) (13.3) (5.8) (4.5) (19.1) (9.2) (3.2) (6.6) 11.0 (26.8) (34.6) (36.8) 190.7 (19.2) 24.7 (17.7) 11.9 (11.0) (12.5) 154.0 (7.7) 0.3 49.3 (1.0)
Investing Cash Flow (11.9) 88.6 118.2 2.5 (14.2) (17.2) 94.3 (15.9) (22.8) (21.5) (19.5) (17.4) (18.7) (278.6) (16.8) (9.1) (97.7) (18.0) (13.4) (5.8) (4.5) 2.4 (9.2) (3.2) (6.6) (16.5) (26.8) (34.3) (148.9) (25.3) (19.2) (100.1) (22.2) 100.2 (11.0) (102.1) (161.0) (14.5) 73.4 45.8 (4.4)
Financing Activities
Net Debt Issuance 0 (64.7) (48.4) 0 (2.2) 0 17.9 (30) 62 (9.5) 42.1 (142.1) (54.2) 99.8 (0.2) (0.2) 2.8 (0.5) (21.0) 31.3 (10.8) (1.8) (1.7) (10) 75 0 10.5 0 61.9 (0.7) (0.5) 176.4 (0.7) (87.8) (0.9) 50.3 97.7 (2.0) (67.0) (2.1) (2.1)
Stock Repurchased (17.0) (17.6) (0.7) (0.1) (0.1) 0 (25.3) (0.4) 0 (5.1) (3.9) (1.1) (26.3) (6.4) (0.9) (0.6) (0.0) 0 0 (0.3) (0.0) (0.0) (2.9) (0.0) (0.0) 0 (0.2) 0 (0.2) (0.1) (0.0) (0.1) (0.1) (0.2) (0.1) (0.1) (0.0) (0.0) (14.5) (24.7) 0.1
Dividends Paid 0 (11.4) (11.7) (12.0) (12.2) (12.5) (12.8) (13.1) (13.1) (13.1) (13.3) (13.5) (12.6) (7.8) (5.6) (4.4) (3.0) (2.2) (1.9) (2.4) (2.6) (2.6) (2.6) (2.6) (8.5) (8.5) (8.5) (8.5) (8.0) (7.7) (7.5) (7.6) (7.5) (7.5) (7.5) (7.4) (4.6) (4.6) (4.7) (4.2) (3.4)
Other Financing Activities (11.2) (0.3) (4.9) 0.5 (9.1) 0.3 (38.0) 1.3 (2.6) (2.9) (1.1) 1.4 0.4 (3.0) (1.1) (1.2) (1.6) 0.3 (1.1) 0.3 (0.4) (0.0) 1.1 (5.0) (2.7) (2.6) (2.0) (0.0) (2.6) (2.2) (0.5) (9.6) (0.1) (1.7) (2.5) (0.7) 95.8 (4.1) (2.6) (0.0) (3.8)
Financing Cash Flow (28.2) (94.1) (84.1) (26.1) (49.8) (21.6) (58.2) (46.6) 39.7 (30.5) 23.8 (155.4) 5.3 176.0 106.3 30.9 31.9 32.3 14.9 76.3 4.4 2.5 0.4 (17.6) 64.3 (10.4) (0.2) (8.5) 51.1 27.2 (8.6) 159.1 (8.4) (97.2) (11.1) 43.4 188.9 (10.7) (89.1) (26.6) (9.4)
Cash Position
Net Change in Cash (18.1) 2.9 28.3 (0.5) (48.8) (32.1) 50.2 (38.4) 52.9 (40.3) 15.4 (153.1) 28.9 (97.1) 113.7 72.8 (37.0) 23.1 25.2 90.1 11.9 (9.7) (21.1) (43.2) 56.8 (9.6) (10.5) (9.7) (98.4) 19.7 (13.5) 93.7 (26.7) 27.0 (6.1) (32.6) 32.4 (1.8) (1.4) 28.1 (3.1)
Cash at Beginning 166.8 164.0 135.7 136.2 185.1 217.1 166.9 219.4 166.5 206.8 191.5 344.6 315.7 412.8 299.1 226.3 263.4 240.3 215.1 125.0 113.2 122.9 144.0 187.2 130.4 139.9 150.4 160.1 258.5 238.8 252.3 158.6 185.3 158.4 164.5 197.1 164.6 128.6 130.0 101.9 105.0
Cash at End 148.7 166.8 164.0 135.7 136.2 185.1 217.1 181.1 219.4 166.5 206.8 191.5 344.6 315.7 412.8 299.1 226.3 263.4 240.3 215.1 125.0 113.2 122.9 144.0 187.2 130.4 139.9 150.4 160.1 258.5 238.8 252.3 158.6 185.3 158.4 164.5 197.1 126.8 128.6 130.0 101.9
Free Cash Flow 9.9 (15.0) (5.8) 38.4 15.1 6.7 (15.6) 24.1 36.0 11.7 11.0 19.6 42.3 5.5 24.1 51.0 28.8 8.8 23.6 19.5 12.0 6.8 (12.3) (22.4) (0.9) (10.8) (10.1) (1.2) (149.4) (15.2) (5.0) (90.0) (16.3) 112.3 5.0 (76.1) (158.7) 16.5 87.3 5.4 7.2
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
Income Statement
Revenue 209.0 165.6 143.6 179.1 215.8 173.3 148.4 187.6 219.1 177.5 159.8 186.7 215.3 171.6 161.2 174.9 161.9 130.4 116.2 97.1 83.8 51.8 44.8 12.9 117.5 121.7 118.9 118.5 128.5 98.9 108.8 121.1 102.5 92.6 108.1 116.1 97.3 94.0 99.7 112.4 99.8 88.2 90.8 92.8 77.8 76.8 84.8 84.0 61.8 55.1 61.0 63.3 54.1 61.2 54.0
Gross Profit 29.3 (7.3) 15.8 46.1 80.1 30.6 16.1 49.2 65.7 35.6 25.9 52.1 71.1 65.5 30.8 56.0 54.7 28.5 21.7 16.9 15.7 (2.7) (4.6) (19.8) 17.0 23.9 28.9 34.1 34.0 20.7 28.8 39.3 30.4 24.1 26.6 34.8 27.4 23.9 26.3 34.8 27.3 20.2 27.3 31.3 20.4 21.3 26.3 26.7 16.2 15.4 19.9 23.6 16.4 20.1 18.2
Operating Income 39.9 0.5 29.8 17.9 36.7 3.8 70.3 12.2 42.5 5.8 0.7 17.4 37.8 12.1 3.1 26.8 26.5 6.9 1.1 (2.8) (3.7) (22.4) (14.3) (39.9) (3.2) 30.3 7.3 12.7 14.1 3.2 11.2 21.4 14.3 9.6 9.6 12.4 7.2 13.9 11.2 10.5 11.5 5.4 13.3 19.1 8.3 9.5 14.7 14.8 4.8 (8.4) 9.4 13.3 5.2 9.2 8.3
Net Income 17.7 (33.6) 5.7 (5.5) 11.0 (18.7) 12.6 (11.6) 15.9 (19.2) (22.0) (1.8) 16.0 (3.2) (8.0) 14.4 14.7 (1.8) (6.9) (9.2) (8.7) (25.7) (18.7) (47.9) (12.9) 15.2 (9.4) (4.5) (1.0) (12.4) (1.9) 11.5 4.0 24.9 (1) (0.9) (0.0) 0.4 16.9 2.2 (0.1) (6.4) (6.8) 6.7 (0.2) (2.1) 3.4 3.5 (2.9) (11.4) 0.4 3.8 (4.6) (0.9) (0.3)
EPS (Diluted) 0.21 -0.46 0.08 -0.24 -0.04 -0.47 -0.02 -0.33 0.19 -0.47 -0.50 -0.20 0.05 -0.26 -0.24 0.12 0.16 -0.06 -0.15 -0.32 -0.28 -0.77 -0.63 -1.53 -0.48 0.36 -0.37 -0.22 -0.11 -0.44 -0.12 0.29 0.07 0.65 -0.09 -0.09 -0.07 -0.03 0.55 0.04 -0.00 -0.23 -0.25 0.27 -0.01 -0.08 0.13 0.14 -0.13 -0.71 0.02 0.24 -0.29 -0.06 -0.02
Balance Sheet
Cash & Equivalents 92.7 124.4 116.3 80.2 81.7 135.5 168.7 114.6 137.1 85.6 149.5 191.5 344.6 261.5 412.8 299.1 185.2 216.0 195.5 157.7 85.7 78.6 88.2 102.6 141.8 72.0 82.6 80.4 73.8 182.6 163.8 169.2 95.2 137.5 126.8 129.7 161.3 126.8 128.6 130.0 101.9
Total Assets 1,849.5 1,861.7 2,009.3 2,064.2 2,098.0 2,136.1 2,177.7 2,211.7 2,281.4 2,226.8 2,267.6 2,261.5 2,409.5 2,397.7 2,210.1 2,092.6 2,048.1 1,879.5 1,840.0 1,760.1 1,680.8 1,674.0 1,702.1 1,722.0 1,802.5 1,758.9 1,766.6 1,760.4 1,761.7 1,636.5 1,609.8 1,616.9 1,423.0 1,423.8 1,492.0 1,499.0 1,450.8 1,257.0 1,264.1 1,335.3 1,349.7
Total Debt 1,172.8 1,174.4 1,184.7 1,230.9 1,222.7 1,230.0 1,227.2 1,147.5 1,283.6 1,222.8 1,239.2 1,196.5 1,338.3 1,394.8 1,297.6 1,298.3 1,533.5 1,233.6 1,233.7 1,205.0 1,179.7 1,191.5 1,193.9 1,184.3 1,195.6 1,119.6 1,118.6 1,108.5 1,107.4 985.9 985.7 985.2 821.1 821.0 906.8 907.0 856.2 764.6 766.0 776.0 834.1
Stockholders' Equity 484.9 504.0 211.9 646.7 672.7 695.6 276.9 282.3 307.3 307.0 831.3 869.7 884.2 410.1 728.3 627.6 574.7 398.8 467.2 432.6 389.9 383.2 403.6 421.1 465.9 476.2 469.7 485.4 488.6 503.6 481.3 491.6 486.9 487.4 467.0 475.3 480.9 374.8 375.1 369.4 406.7
Cash Flow
Operating Cash Flow 21.9 8.3 (5.8) 23.0 15.1 6.7 0.0 24.1 36.0 11.7 11.0 19.6 42.3 5.5 24.1 51.0 28.8 8.8 23.6 19.5 12.0 (14.7) (12.3) (22.4) (0.9) 17.3 16.5 33.1 (0.6) 17.8 14.2 34.7 3.9 24.0 16.0 26.1 4.6 23.3 14.2 9.0 10.6
Capital Expenditure (12.1) (23.4) 0 15.3 0 0 (15.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 21.5 0 0 0 (28.1) (26.6) (34.3) (148.7) (33.0) (19.2) (124.7) (20.2) 88.3 (11.0) (102.1) (163.3) (6.8) 73.1 (3.6) (3.4)
Free Cash Flow 9.9 (15.0) (5.8) 38.4 15.1 6.7 (15.6) 24.1 36.0 11.7 11.0 19.6 42.3 5.5 24.1 51.0 28.8 8.8 23.6 19.5 12.0 6.8 (12.3) (22.4) (0.9) (10.8) (10.1) (1.2) (149.4) (15.2) (5.0) (90.0) (16.3) 112.3 5.0 (76.1) (158.7) 16.5 87.3 5.4 7.2