Industrial Logistics Properties Trust logo ILPT - Industrial Logistics Properties Trust

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 4
HOLD 3
SELL 2
STRONG
SELL
0
| PRICE TARGET: $7.40 DETAILS
HIGH: $7.40
LOW: $7.40
MEDIAN: $7.40
CONSENSUS: $7.40
DOWNSIDE: 17.32%
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
Revenue
Revenue 116.4 113.9 110.9 112.1 111.9 110.5 108.9 110.6 112.2 108.9 110.1 108.0 110.3 106.3 103.2 107.2 71.4 56.5 55.0 54.2 54.2 60.1 65.1 65.1 64.3 62.2 61.0 60.1 46.0 42.1 40.4 39.4 40.6 39.4 39.1 38.6 39.4 38.1
Cost of Revenue 26.1 347.1 15.2 15.7 14.2 16.2 15.3 15.1 15.9 13.6 14.9 15.1 16.5 14.2 14.3 13.3 9.4 8.3 7.6 8.1 7.2 8.4 9.2 8.9 8.8 8.7 8.6 7.5 5.6 5.2 4.9 4.6 4.6 4.6 4.6 4.3 4.3 4.3
Gross Profit 90.3 (233.2) 95.7 96.4 97.8 94.3 93.6 95.5 96.4 95.3 95.2 92.9 93.8 92.2 88.9 93.9 61.9 48.2 47.4 46.0 47.0 51.7 55.9 56.2 55.5 53.5 52.4 52.6 40.4 36.8 35.5 34.8 36.0 34.8 34.5 34.3 35.1 33.8
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
SG&A Expenses 9.5 8.5 10.6 9.7 8.2 7.6 7.2 7.9 7.7 7.4 7.7 8.1 7.9 8.0 9.1 9.7 6.1 4.0 4.7 4.2 3.8 4.7 5.2 4.8 4.8 4.1 4.5 4.9 3.8 2.9 2.9 2.9 2.6 9.3 0.5 2.6 4.6 2.0
Other Expenses 40.8 (228.5) (1.8) 50.3 51.8 51.9 52.1 52.6 53.9 54.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 47.9 47.7 36.6 33.9 10.4 9.7 10.4 9.5 10.5 9.6 9.5 9.2
Operating Expenses 50.3 (220.0) 8.8 60.0 60.0 59.5 59.3 60.6 61.6 62.3 7.7 8.1 7.9 8.0 9.1 9.7 6.1 4.0 4.7 4.2 3.8 4.7 5.2 4.8 4.8 4.1 52.4 52.6 40.4 36.8 13.4 12.6 13.0 18.7 11.0 12.1 14.2 11.3
Operating Income
Operating Income 40.0 (13.2) 87.0 36.5 37.7 34.8 34.3 34.9 34.8 33.0 87.5 84.8 85.9 84.2 79.8 84.2 55.9 44.2 42.6 41.8 43.2 46.9 50.7 51.3 50.6 49.4 25.5 26.8 23.6 22.9 22.1 22.2 23.0 16.0 23.5 22.1 20.9 22.5
Interest Expense 61.7 64.0 63.5 67.9 69.8 71.7 73.9 73.6 73.2 73.0 72.9 71.8 70.8 71.8 89.7 77.5 41.0 9.2 9.1 8.6 8.7 11.0 12.9 13.2 14.5 14.6 14.7 13.9 7.6 4.7 4.1 3.6 3.8 0.8 0.6 0.6 0.6 0.6
Interest Income 1.0 (4.0) 0 2.0 2.0 2.5 3.1 2.9 2.9 2.6 2.4 1.8 1.1 0.8 1.1 0.4 0.5 0 0 0 0 0 0 0.0 0.1 0.2 0.1 0.1 0.4 0.1 0.1 0.1 0.0 0 0 0 0 0
Profitability
EBITDA 73.1 97.7 74.1 74.8 81.2 79.1 80.6 81.3 81.2 81.5 76.7 75.5 75.7 74.8 70.6 73.1 48.4 38.9 37.8 37.1 37.9 41.3 44.7 45.8 45.0 43.5 42.8 42.9 33.2 30.6 29.4 29.2 29.9 22.9 30.3 29.0 27.7 29.3
EBIT 41.1 56.5 33.1 33.4 39.7 37.3 37.4 37.8 37.6 38.1 33.7 31.4 31.1 28.7 22.8 34.5 26.2 25.9 25.5 25.6 25.6 26.7 26.7 27.8 27.2 26.1 25.6 27.0 24.0 23.0 22.2 22.3 23.0 16.0 23.5 22.1 20.9 22.5
Income Before Tax (20.6) (10.6) (30.4) (30.4) (31.1) (34.3) (35.4) (33.4) (33.9) (41.4) (36.1) (36.5) (35.5) (41.8) (83.9) (151.3) (9.7) 63.3 18.4 18.9 19.4 40.2 13.8 14.7 12.8 11.7 10.9 13.0 16.4 18.3 18.2 18.7 19.2 15.3 22.9 21.6 20.4 21.9
Income Tax Expense 0.1 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 (0.0) 0.1 0.0 0.0 (0.1) 0.0 0.0 0.1 0.1 0.1 0.0 0.1 0.1 0.0 0.1 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
Net Income (9.4) (1.8) (21.6) (21.3) (21.5) (24.1) (25.0) (23.2) (23.4) (31.2) (26.1) (25.8) (24.8) (31.0) (45.6) (143.5) (6.5) 63.2 18.3 18.8 19.3 40.3 14.1 14.8 12.8 11.7 10.9 13.1 16.8 18.3 18.1 18.7 19.2 15.3 22.9 21.6 20.4 21.9
Per Share Data
EPS (Basic) -0.14 -0.03 -0.33 -0.32 -0.33 -0.37 -0.38 -0.35 -0.36 -0.48 -0.40 -0.40 -0.38 -0.48 -0.70 -2.20 -0.10 0.97 0.28 0.29 0.30 0.62 0.22 0.22 0.20 0.18 0.17 0.20 0.26 0.28 0.28 0.29 0.31 0.23 0.35 0.33 0.31 0.32
EPS (Diluted) -0.14 -0.03 -0.33 -0.32 -0.33 -0.37 -0.38 -0.35 -0.36 -0.48 -0.40 -0.40 -0.38 -0.48 -0.70 -2.20 -0.10 0.97 0.28 0.29 0.30 0.62 0.22 0.22 0.20 0.18 0.17 0.20 0.26 0.28 0.28 0.29 0.31 0.23 0.35 0.33 0.31 0.32
Shares Outstanding 66.2 66.2 66.1 65.9 65.8 65.8 65.8 65.6 65.6 65.6 65.5 65.4 65.3 65.3 65.2 65.2 65.2 65.2 65.2 65.1 65.1 65.1 65.1 65.1 65.1 65.1 65.1 65.0 65.0 65.0 65.0 65.0 61.4 65.0 65 65 65 0
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 2016 Q4
Current Assets
Cash & Cash Equivalents 99.5 94.8 83.2 58.6 108.0 131.7 153.9 146.2 128.4 112.3 83.3 71.7 61.2 48.3 26.4 291.9 275.1 29.4 44.1 30.5 26.1 22.8 39.1 33.3 19.9 28.4 23.3 15.3 16.1 9.6 11.1 15.6 19.8 (20.4) (20.9) (22.5)
Short-Term Investments 0 0 0 0 0 0 111.1 0 0 0 51.3 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 137.6 136.7 130.1 130.9 131.5 129.2 122.7 118.2 116.2 119.2 113.7 110.6 111.0 107.0 100.3 90.2 77.4 75.9 74.2 72.5 70.4 69.5 70.6 68.3 66.5 64.3 61.4 60.6 60.0 58.3 57.0 57.0 56.9 51.7 50.8 47.0
Inventory 0 0 0 0 0 0 0 0 0 0 (51.3) 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 86.3 88.2 125.5 126.2 128.8 110.8 111.1 112.4 108.1 133.4 196.8 175.9 83.9 92.5 100.3 145.1 878.3 (105.3) (118.3) (103.0) 1.4 2.7 22.9 13.7 11.3 6.1 0 0 0 0 0 0 0 0 0 0
Total Current Assets 323.4 319.7 338.8 315.7 368.2 371.6 387.7 376.7 352.6 364.9 393.8 358.3 256.2 247.8 227.0 527.1 1,230.8 105.3 118.3 103.0 98.0 95.0 132.6 115.3 97.7 98.8 84.8 76.0 76.1 67.9 68.1 72.6 76.8 51.7 50.8 47.0
Non-Current Assets
Property, Plant & Equipment 156.1 164.2 172.3 181.0 190.1 199.2 208.8 220.0 231.6 4,776.7 255.0 267.9 282.9 297.4 313.4 327.3 282.3 63.4 79.5 76.9 1,660.3 1,667.7 123.1 130.2 137.2 2,204.5 145.6 149.8 96.9 75.8 75.5 73.8 76.5 79.1 81.7 89.6
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
Intangible Assets 0 0 0 0 0 0 208.8 0 0 12.9 255.0 267.9 0 0 0 0 0 0 0 0 78.4 8.9 0 130.2 137.2 10.4 145.6 149.8 96.9 75.8 75.5 73.8 76.5 79.1 81.7 89.6
Long-Term Investments 134.4 132.8 119.1 117.9 114.7 116.7 117.6 117.5 116.1 115.4 124.4 129.1 127.3 124.4 145.7 143.7 143.4 143.0 63.3 62.9 62.5 60.6 0 0.0 0.3 0 9.3 9.3 9.1 8.6 0 0 0 0 0 0
Other Non-Current Assets 4,552.8 4,573.3 4,588.7 4,624.0 4,690.6 4,718.8 4,532.0 4,775.7 4,827.2 293.8 4,861.2 4,906.8 4,968.5 5,006.6 5,033.5 4,957.7 4,447.2 1,596.8 1,787.0 1,691.9 9.9 83.6 2,243.2 2,260.2 2,277.4 141.1 2,091.8 2,053.0 1,548.3 1,315.1 1,287.4 1,241.1 1,203.5 1,201.8 1,203.0 1,196.0
Total Non-Current Assets 4,843.4 4,870.2 4,880.1 4,922.9 4,995.5 5,034.7 5,067.1 5,113.1 5,174.9 5,198.8 5,240.5 5,303.8 5,378.8 5,428.4 5,492.6 5,428.7 4,873.0 1,803.3 1,929.8 1,831.7 1,811.1 1,820.7 2,366.3 2,390.3 2,414.6 2,356.1 2,382.9 2,352.6 1,742.0 1,466.7 1,438.5 1,388.8 1,356.5 1,360.0 1,366.5 1,375.3
Total Assets 5,166.8 5,189.9 5,218.8 5,238.5 5,363.6 5,406.3 5,454.8 5,489.8 5,527.6 5,563.7 5,634.3 5,662.1 5,635.0 5,676.2 5,719.6 5,955.8 6,103.8 1,908.6 2,048.1 1,934.7 1,909.0 1,915.7 2,499.0 2,505.6 2,512.3 2,454.9 2,467.7 2,428.6 1,818.1 1,534.6 1,506.6 1,461.3 1,433.2 1,411.7 1,417.2 1,422.3
Current Liabilities
Account Payables 76.3 74.6 87.1 70.3 71.3 76.8 85.6 74.0 73.9 61.0 81.2 68.8 75.9 73.5 86.7 78.2 68.9 27.8 16.9 14.5 7.8 7.8 19.2 18.0 18.6 9.5 22.9 18.7 16.1 12.0 11.8 10.2 11.1 11.1 11.3 3.1
Short-Term Debt 0 0 0 0 0 0 2,635 1,235 0 21.0 0 0 0 0 0 1,380.0 1,356.6 182 354 244 0 0 320 0 0 0 0 0 0 0 0 0 0 0 750 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 (21.0) 0 0 0 0 0 0 0 8.4 11.8 8.9 0 0 8.1 7.5 10.7 0 12.1 8.3 8.7 6.0 7.7 5.9 8.4 5.8 7.7 6.5
Other Current Liabilities 0 0 0.1 0.3 0 0 0 0 0 9.7 11.9 10.3 0 0 0 0 10.5 (8.4) 0 0 0 0 0.2 (16.8) 258.1 0 (21.7) (18.4) (17.5) 406.1 (16.6) (14.3) (19.4) (19.9) (11.3) 0
Total Current Liabilities 82.7 84.4 96.0 77.2 76.5 81.5 2,726.4 1,313.8 79.5 77.4 93.1 79.1 81.7 78.4 91.2 1,465.6 1,442.1 212.0 386.1 269.5 14.7 14.7 350.6 347.8 297.1 16.5 687.7 638.2 76.6 432.7 401.4 352.6 325.4 774.0 22.6 16.8
Non-Current Liabilities
Long-Term Debt 4,189.4 4,193.2 4,196.8 4,200.3 4,296.1 4,300.5 1,669.9 3,071.6 4,308.0 4,285.0 4,303.6 4,301.3 4,245.7 4,244.5 4,243.3 3,030.6 3,031.8 646.1 646.0 645.9 862.7 866.6 1,048.5 1,048.2 1,096.8 1,406.6 749.6 749.5 693.8 462.2 0 0 0 49.4 814.0 64.3
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 (7.5) (10.7) 0 (12.1) (8.3) (8.7) (6.0) (7.7) (5.9) (8.4) (5.8) (7.7) (6.5)
Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 21.0 0 0 0 0 0 0 0 0 6.9 6.8 30.4 31.3 (1.4) 328.9 274.4 36.1 659.5 617.7 58.0 7.8 437.1 391.6 361.1 762.8 (740.7) 28.1
Total Non-Current Liabilities 4,200.4 4,204.9 4,209.2 4,213.6 4,310.2 4,315.5 1,685.7 3,088.3 4,325.6 4,324.5 4,323.1 4,321.7 4,267.1 4,267.0 4,266.9 3,055.3 3,057.8 658.6 666.0 666.1 893.1 897.8 1,071.0 1,071.2 1,120.4 1,442.7 774.5 774.7 717.8 73.6 74.0 74.5 75.0 75.5 840.6 92.4
Total Liabilities 4,283.1 4,289.2 4,305.2 4,290.8 4,386.7 4,397.0 4,412.0 4,402.1 4,405.1 4,401.9 4,416.2 4,400.8 4,348.8 4,345.4 4,358.1 4,520.9 4,499.8 870.5 1,052.1 935.6 907.8 912.6 1,421.6 1,419.0 1,417.5 1,459.2 1,462.2 1,412.8 794.4 506.3 475.4 427.0 400.4 849.5 863.2 109.2
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 0.7 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 0.5 0.5 1,313.2
Retained Earnings (162.1) (152.7) (150.9) (129.3) (108.0) (86.5) (62.4) (37.4) (14.2) 9.2 (324.8) 66.5 92.4 117.2 148.2 193.9 337.4 343.9 280.7 262.4 243.6 0 183.9 (19.6) 155.0 0 130.5 119.6 106.4 89.7 71.4 53.2 34.5 15.3 0 0
Accumulated Other Comprehensive Income 1.6 (0.8) (1.3) (0.9) (1.6) (1.1) (1.7) 5.2 7.2 10.2 22.1 26.5 14.9 21.9 12.3 7.6 3.9 0 0 0 (10.5) (8.3) 0 (19.6) (12.9) (4.3) 0.1 0.1 0.1 (52.6) 0 0 0 (44.6) 0 (34.4)
Total Stockholders' Equity 479.7 489.7 494.1 519.1 539.5 562.0 585.9 618.3 643.2 670.0 713.5 744.3 758.6 790.7 812.4 853.6 1,014.2 1,038.0 996.0 999.1 1,001.2 1,003.2 983.7 988.3 994.3 995.7 1,005.4 1,015.8 1,023.7 1,028.3 1,031.2 1,034.3 1,032.8 562.2 554.0 1,313.2
Total Liabilities & Equity 5,166.8 5,189.9 5,218.8 5,238.5 5,363.6 5,406.3 5,454.8 5,489.8 5,527.6 5,563.7 5,634.3 5,662.1 5,635.0 5,676.2 5,719.6 5,955.8 6,103.8 1,908.6 2,048.1 1,934.7 1,909.0 1,915.7 2,499.0 2,505.6 2,512.3 2,454.9 2,467.7 2,428.6 1,818.1 1,534.6 1,506.6 1,461.3 1,433.2 1,411.7 1,417.2 1,422.3
Debt Metrics
Total Debt 4,200.4 4,204.9 4,209.2 4,213.6 4,310.2 4,315.5 4,320.7 4,323.3 4,325.6 4,324.5 4,323.1 4,321.7 4,267.1 4,267.0 4,266.9 4,435.3 4,414.4 840.6 1,013.0 903.4 862.7 866.6 1,384.3 1,384.6 1,378.8 1,406.6 1,417.7 1,376.2 761.6 480.5 448.1 403.6 371.2 819.8 834.9 86.7
Net Debt 4,100.9 4,110.1 4,126.1 4,155.0 4,202.3 4,183.8 4,166.8 4,177.1 4,197.2 4,212.1 4,239.8 4,250.0 4,205.8 4,218.8 4,240.5 4,143.5 4,139.3 811.2 968.9 872.9 836.6 843.7 1,345.2 1,351.3 1,358.9 1,378.2 1,394.4 1,360.8 745.5 470.9 437.0 388.1 351.4 840.2 855.8 109.2
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
Operating Activities
Net Income (17.9) (10.6) (30.4) (30.4) (31.2) (34.4) (35.4) (23.2) (23.4) (41.4) (36.2) (36.6) (35.5) (41.8) (45.6) (151.3) (9.8) 63.2 18.3 18.8 19.3 40.1 13.8 14.6 12.7 11.7 10.9 13.1 16.8 18.3 18.1 18.7 19.2 15.3 22.9 21.6 20.4 21.9
Depreciation & Amortization 32.0 32.1 30.4 23.7 41.5 40.5 41.9 42.3 42.5 43.4 43.0 44.1 44.6 46.1 48.5 38.6 22.2 13.0 12.7 11.8 12.3 14.6 18.0 18.0 17.8 17.4 17.2 15.9 9.2 7.4 6.8 6.6 6.6 6.5 6.5 6.6 6.5 6.5
Stock-Based Compensation 0 0 0 0 0 (1.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.9 0 0 0 0 0 0 0 0
Change in Working Capital (5.0) (8.1) 8.3 9.0 1.6 (18.0) (6.4) 7.2 5.2 (9.1) 1.7 3.9 (3.0) (6.5) (16.7) (6.0) 27.3 (8.2) (3.0) 4.3 1.0 (7.4) (1.3) 1.5 (0.3) (3.4) (3.7) 8.4 2.9 1.3 (0.7) (1.5) (3.5) 4.1 (2.5) 2.0 (1.6) 1.5
Other Non-Cash Items 6.8 (5.2) 14.4 16.2 (0.5) (0.3) (3.5) (15.5) (16.4) (0.9) (5.1) (2.0) (4.9) 3.5 3.3 143.0 16.9 (46.3) (1.7) (2.0) (3.0) (25.7) (0.4) (0.6) (0.8) 1.5 0.2 (1.2) (0.6) (0.4) 0.1 (0.1) (0.2) (1.2) (1.1) (1.2) (1.3) (1.4)
Operating Cash Flow 15.9 8.2 22.7 18.4 11.4 (13.5) (3.4) 10.8 8.0 (8.0) 3.4 9.5 1.2 1.3 (10.6) 24.3 56.6 21.7 26.3 33.0 29.7 21.6 30.0 33.5 29.4 27.1 24.6 36.2 28.3 26.5 24.4 23.7 22.1 24.7 25.8 28.9 24.0 28.4
Investing Activities
Capital Expenditure 0 0 0 0 0 0 0 (1.5) (2.1) (5.8) (6.3) 0 0 0 (3.4) 0 0 0 (1.0) (0.6) 0 0 0 0 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 2.0 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 0 0 0 0 (17.0) 0 0 (26.2) 0 0 0 0 0 (37.6) 0 0 0 (100.6) (34.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 12.9 17.9 17.9 16.5 16.5 16.0 11.5 13.0 0 0 25.1 115.7 0 1.2 0.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (4.7) 5.3 4.4 5.9 (11.7) 0.4 (2.5) (1.5) (2.1) 25.6 4.4 (3.5) (3.5) 11.2 (589.4) 1.4 (3,558.2) 158.0 1.4 (1.4) (0.8) 71.3 (1.4) (0.5) (73.9) (1.2) (36.9) (573.4) (281.9) (38.4) (52.4) (43.4) (1.3) (1.6) (1.6) (1.6) (1.5) (0.3)
Investing Cash Flow (4.7) 5.3 4.4 5.9 (11.7) (3.6) 15.4 16.4 (11.8) 36.3 14.0 8.0 9.4 11.2 (628.5) 26.5 (3,442.5) 158.0 (99.1) (35.2) (0.8) 71.3 (1.4) (0.5) (73.9) (1.2) (36.9) (573.4) (281.9) (38.4) (52.4) (43.4) (1.3) (1.6) (1.6) (1.6) (1.5) (0.3)
Financing Activities
Net Debt Issuance (4.8) (1,129.3) (4.7) 1,138.7 (4.6) (4.6) (4.5) (4.5) (4.5) (4.4) (4.5) 49.9 (5.5) (5.5) 931.8 (5.4) 3,301.4 (172) 133 27 (4) (99) 0 6.2 (45) 10 42 558 287 33 45 33 (448) (14.3) (0.0) (0.0) (0.0) (0.0)
Stock Repurchased (0.0) (0.0) (0.4) (0.0) (0.0) (0.0) (0.3) (0.0) (0.0) (0.0) (0.1) (0.0) (0.0) (0.0) (0.2) (0.0) 0 (0.0) (0.7) (0.2) 0 0 (0.4) (0.0) (0.0) (0.0) (0.2) (0.0) 0 (0.1) (0.1) 0 0 0 0 0 0 0
Dividends Paid (3.3) 2.6 (1.3) (0.7) (0.7) (0.7) (0.7) (0.7) (0.7) (0.7) (0.7) (0.7) (0.7) (0.7) 43.2 (21.6) (21.6) (21.6) (21.6) (21.5) (21.6) (21.5) (21.5) (21.5) (21.5) (21.5) (21.5) (21.5) (21.5) (21.5) (21.5) (17.6) (9.2) (37.3) (39.5) (36.7) (40.4) (36.5)
Other Financing Activities (0.3) 1,118.5 (2.0) (1,239.9) (0.2) (0.1) (0.2) 0 (0.3) (0.0) (0.1) (1.5) (0.0) 7.7 (1,247.0) (8.3) 498.1 (0.8) (23) 0 0 (1.5) (1.8) (1.9) 107.6 (3.3) 0 (0.1) (5.4) (1.2) 0 0 456.3 28.5 15.2 9.4 17.9 8.4
Financing Cash Flow (8.4) (8.2) (8.5) (102.0) (5.5) (5.4) (5.6) (5.2) (5.5) (5.1) (5.3) 47.8 (6.2) 1.6 (272.2) (35.2) 3,777.9 (194.4) 87.7 5.2 (25.6) (122.0) (23.7) (17.2) 41.1 (14.8) 20.3 536.4 260.1 10.3 23.5 15.4 (0.9) (23.1) (24.3) (27.3) (22.5) (28.1)
Cash Position
Net Change in Cash 2.8 5.3 18.6 (77.6) (5.8) (22.5) 6.4 22.1 (9.2) 23.2 12.1 65.2 4.4 14.1 (310.3) 15.5 392.0 (14.7) 13.6 4.4 3.3 (29.1) 5.0 15.8 (3.4) 11.2 8.0 (0.8) 6.5 (1.5) (4.5) 15.4 (0.9) 0 0 0 0 0
Cash at Beginning 183.0 177.7 159.1 236.7 242.5 264.9 258.6 236.5 245.7 222.5 210.4 145.2 140.8 126.7 436.9 421.4 29.4 44.1 30.5 26.1 22.8 51.9 47.0 31.2 34.5 23.3 15.3 16.1 9.6 11.1 15.6 0.1 20.7 0 0 0 0 0
Cash at End 185.8 183.0 177.7 159.1 236.7 242.5 264.9 258.6 236.5 245.7 222.5 210.4 145.2 140.8 126.7 436.9 421.4 29.4 44.1 30.5 26.1 22.8 51.9 47.0 31.2 34.5 23.3 15.3 16.1 9.6 11.1 15.6 19.8 0 0 0 0 0
Free Cash Flow 15.9 8.2 22.7 18.4 11.4 (13.5) (3.4) 9.4 5.9 (13.8) (2.9) 9.5 1.2 1.3 (14.0) 24.3 56.6 21.7 25.3 32.4 29.7 21.6 30.0 33.5 29.4 27.1 24.6 36.2 28.3 26.5 24.4 23.7 22.1 24.7 25.8 28.9 24.0 28.4
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
Income Statement
Revenue 116.4 113.9 110.9 112.1 111.9 110.5 108.9 110.6 112.2 108.9 110.1 108.0 110.3 106.3 103.2 107.2 71.4 56.5 55.0 54.2 54.2 60.1 65.1 65.1 64.3 62.2 61.0 60.1 46.0 42.1 40.4 39.4 40.6 39.4 39.1 38.6 39.4 38.1
Gross Profit 90.3 (233.2) 95.7 96.4 97.8 94.3 93.6 95.5 96.4 95.3 95.2 92.9 93.8 92.2 88.9 93.9 61.9 48.2 47.4 46.0 47.0 51.7 55.9 56.2 55.5 53.5 52.4 52.6 40.4 36.8 35.5 34.8 36.0 34.8 34.5 34.3 35.1 33.8
Operating Income 40.0 (13.2) 87.0 36.5 37.7 34.8 34.3 34.9 34.8 33.0 87.5 84.8 85.9 84.2 79.8 84.2 55.9 44.2 42.6 41.8 43.2 46.9 50.7 51.3 50.6 49.4 25.5 26.8 23.6 22.9 22.1 22.2 23.0 16.0 23.5 22.1 20.9 22.5
Net Income (9.4) (1.8) (21.6) (21.3) (21.5) (24.1) (25.0) (23.2) (23.4) (31.2) (26.1) (25.8) (24.8) (31.0) (45.6) (143.5) (6.5) 63.2 18.3 18.8 19.3 40.3 14.1 14.8 12.8 11.7 10.9 13.1 16.8 18.3 18.1 18.7 19.2 15.3 22.9 21.6 20.4 21.9
EPS (Diluted) -0.14 -0.03 -0.33 -0.32 -0.33 -0.37 -0.38 -0.35 -0.36 -0.48 -0.40 -0.40 -0.38 -0.48 -0.70 -2.20 -0.10 0.97 0.28 0.29 0.30 0.62 0.22 0.22 0.20 0.18 0.17 0.20 0.26 0.28 0.28 0.29 0.31 0.23 0.35 0.33 0.31 0.32
Balance Sheet
Cash & Equivalents 99.5 94.8 83.2 58.6 108.0 131.7 153.9 146.2 128.4 112.3 83.3 71.7 61.2 48.3 26.4 291.9 275.1 29.4 44.1 30.5 26.1 22.8 39.1 33.3 19.9 28.4 23.3 15.3 16.1 9.6 11.1 15.6 19.8 (20.4) (20.9) (22.5)
Total Assets 5,166.8 5,189.9 5,218.8 5,238.5 5,363.6 5,406.3 5,454.8 5,489.8 5,527.6 5,563.7 5,634.3 5,662.1 5,635.0 5,676.2 5,719.6 5,955.8 6,103.8 1,908.6 2,048.1 1,934.7 1,909.0 1,915.7 2,499.0 2,505.6 2,512.3 2,454.9 2,467.7 2,428.6 1,818.1 1,534.6 1,506.6 1,461.3 1,433.2 1,411.7 1,417.2 1,422.3
Total Debt 4,200.4 4,204.9 4,209.2 4,213.6 4,310.2 4,315.5 4,320.7 4,323.3 4,325.6 4,324.5 4,323.1 4,321.7 4,267.1 4,267.0 4,266.9 4,435.3 4,414.4 840.6 1,013.0 903.4 862.7 866.6 1,384.3 1,384.6 1,378.8 1,406.6 1,417.7 1,376.2 761.6 480.5 448.1 403.6 371.2 819.8 834.9 86.7
Stockholders' Equity 479.7 489.7 494.1 519.1 539.5 562.0 585.9 618.3 643.2 670.0 713.5 744.3 758.6 790.7 812.4 853.6 1,014.2 1,038.0 996.0 999.1 1,001.2 1,003.2 983.7 988.3 994.3 995.7 1,005.4 1,015.8 1,023.7 1,028.3 1,031.2 1,034.3 1,032.8 562.2 554.0 1,313.2
Cash Flow
Operating Cash Flow 15.9 8.2 22.7 18.4 11.4 (13.5) (3.4) 10.8 8.0 (8.0) 3.4 9.5 1.2 1.3 (10.6) 24.3 56.6 21.7 26.3 33.0 29.7 21.6 30.0 33.5 29.4 27.1 24.6 36.2 28.3 26.5 24.4 23.7 22.1 24.7 25.8 28.9 24.0 28.4
Capital Expenditure 0 0 0 0 0 0 0 (1.5) (2.1) (5.8) (6.3) 0 0 0 (3.4) 0 0 0 (1.0) (0.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Free Cash Flow 15.9 8.2 22.7 18.4 11.4 (13.5) (3.4) 9.4 5.9 (13.8) (2.9) 9.5 1.2 1.3 (14.0) 24.3 56.6 21.7 25.3 32.4 29.7 21.6 30.0 33.5 29.4 27.1 24.6 36.2 28.3 26.5 24.4 23.7 22.1 24.7 25.8 28.9 24.0 28.4