National CineMedia, Inc. logo NCMI - National CineMedia, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 6
HOLD 11
SELL 0
STRONG
SELL
0
| PRICE TARGET: $7.50 DETAILS
HIGH: $8.00
LOW: $7.00
MEDIAN: $7.50
CONSENSUS: $7.50
UPSIDE: 150.84%
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 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1
Revenue
Revenue 34 93.2 63.4 51.8 34.9 86.3 62.4 54.7 37.4 90.8 24.7 14.8 34.9 91.7 54.5 67.1 35.9 63.5 31.7 14 5.4 15.7 6 4 64.7 147.2 110.5 110.2 76.9 137.4 110.1 113.7 80.2 140.7 116.4 97.1 71.9 142.5 113.5 115.4 76.2 136.4 111.7 121.5 76.9 123.1 100.8 99.9 70.2 122.7 135.1 122.8 82.2 115.9 143.7 110.1 79.1 114.6 136 114 70.8 118.1 125.7 99.1 84.6 118.6 95.7 92.9 73.5 112.4 107.7 86.7 62.7 94.6 97.6 83.7 32.4 74.1 60.7 57.1 27.4
Cost of Revenue 38.1 37.2 35.5 43.4 24.8 32.9 36.2 41 36.6 30.4 23.4 6.1 27.7 30 29.7 33.6 24.6 30.3 23.9 16.3 6.4 9.3 4.7 2.7 26.8 36.8 9.6 9.9 7.3 10.9 10.3 9.2 7 11 8.9 7.5 5 9.2 7.5 8.3 5 8.9 7.8 8.3 5.8 8.3 6.5 6.6 5 17.4 13.3 12.3 11.5 37.3 36.9 35.9 34.5 33.8 34.6 36.2 28.1 33.5 29.9 29.9 20.5 54.8 14.2 10.7 12.9 30.4 28.5 27.1 24.6 22.9 24.3 21.8 10.2 (124.9) 0 0 0
Gross Profit (4.1) 56 27.9 8.4 10.1 53.4 26.2 13.7 0.8 60.4 1.3 8.7 7.2 61.7 24.8 33.5 11.3 33.2 7.8 (2.3) (1) 6.4 1.3 1.3 37.9 110.4 100.9 100.3 69.6 126.5 99.8 104.5 73.2 129.7 107.5 89.6 66.9 133.3 106 107.1 71.2 127.5 103.9 113.2 71.1 114.8 94.3 93.3 65.2 105.3 121.8 110.5 70.7 78.6 106.8 74.2 44.6 80.8 101.4 77.8 42.7 84.6 95.8 69.2 64.1 63.8 81.5 82.2 60.6 82 79.2 59.6 38.1 71.7 73.3 61.9 22.2 199 60.7 57.1 27.4
Operating Expenses
R&D Expenses 0 0 0 0 0 3.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.7 0 0 0 3.6 0 0 0 3.4 0 0 0 1.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 22.8 23.1 20.7 20.4 23.6 22.9 23 23 23.5 29.4 13.6 13.6 30.3 25.9 21.2 20.1 19.9 16.5 17.8 18.5 17.9 17.4 13.3 14.1 23.7 28.1 50.7 52.3 48.5 32.1 47.5 54.3 28.6 27.1 47.8 29.4 52.2 29.2 25.4 28.5 33.5 34.7 48.1 48.7 24.7 21.7 21.6 43.5 22.6 21.3 23.4 23.1 23.1 21.7 23.7 23.9 22.7 21.5 22.3 23.3 23.1 26.3 23.7 21.6 33.7 (18.7) 31.2 19.6 18.1 18.8 18.1 17.7 18.5 19 17.9 15.6 7.7 9.3 15.9 15.9 12.1
Other Expenses 0 9.1 9 0 10.4 7.3 10.7 0 0 10.6 0 0 7.5 7.7 7.8 7.8 13.9 8.7 8.7 8.8 9.4 9.8 9.3 11 9.3 9.6 0.5 0.1 0.2 0.1 0.4 (1.2) 0.1 0.1 31.2 31.9 0.1 31.8 32.2 32.1 31.9 31.3 (0.1) 31.6 (0.1) 0.1 (0.7) (0.1) (0.1) 29 31 (1.2) 26 5.5 5 5 4.9 4.8 5.1 4.3 4.6 4.5 5 4.3 4 22.8 4 22.7 20.3 3.5 3.9 2.8 1.9 0.7 1.6 1.8 0.7 (105.4) 45.2 42.3 24.7
Operating Expenses 22.8 32.2 29.7 20.4 34 33.5 33.7 23 23.5 40 13.6 13.6 37.8 33.6 29 27.9 33.8 25.2 26.5 27.3 27.3 27.2 22.6 25.1 33 37.7 60.9 62.6 58.7 65.7 57.5 64.3 62.2 59.5 57.2 61.3 61.8 61 57.6 60.6 65.4 66 56.1 56.9 54.4 53.1 51.6 51.3 52.4 50.3 54.4 52.5 49.1 27.2 28.7 28.9 27.6 26.3 27.4 27.6 27.7 30.8 28.7 25.9 37.7 4.1 35.2 42.3 38.4 22.3 22 20.5 20.4 19.7 19.5 17.4 8.4 (96.1) 61.1 58.2 36.8
Operating Income
Operating Income (26.9) 23.8 (1.8) (12) (23.9) 19.9 (7.5) (9.3) (22.7) 20.4 (12.3) (4.9) (30.6) 28.1 (4.2) 5.6 (22.5) 8 (18.7) (29.6) (28.3) (20.8) (21.3) (23.8) 4.9 72.7 40 37.7 10.9 60.8 42.3 40.2 11 70.2 50.3 28.3 5.1 72.3 48.4 46.5 5.8 61.5 47.8 55.4 (16.7) 57.9 40.7 40.3 12.8 55 67.4 58 21.6 51.4 78.1 45.3 17 54.5 74 50.2 15 53.8 67.1 43.3 26.4 59.7 46.3 39.9 22.2 59.2 57.2 39.1 17.7 50.5 53.8 44 13.3 0.9 (0.4) (1.1) (9.4)
Interest Expense 0.2 0.2 0.1 0.1 0.2 0.4 0.4 0.4 0.4 0.4 0.3 3.1 24 22.4 19.8 20.4 17.2 16.6 16.6 16.9 14.7 14.9 13.7 13.6 13.6 15.6 13.8 14.2 14.4 13.1 14.4 14.1 13.8 22.4 13.1 13.1 13.2 16.3 17.7 16.9 17 16.5 16.5 16.6 16.7 17.6 16.2 16.5 16.9 16.4 16.2 16.2 16.7 24 14.3 14.3 17.1 12.6 15.3 14.6 10.9 25.6 11.1 18.7 11 23.3 11.7 10.6 13.1 0 12.9 15.1 16 0.1 16.2 16.4 16.4 0.5 0 0 0
Interest Income 0.2 0.2 0.3 0.4 0.6 0.7 0.7 0.7 0 0 0 0 0 (0.1) 0 0 0 0 0 0.1 0 0 0.1 0.3 0.2 0.7 0.4 0.5 0.5 0.5 0.3 0.4 0.2 0.2 0.2 0.4 0.4 0.2 0.3 0.4 0.6 0.2 0.5 0.3 0.6 0.6 0.3 0.5 0.4 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.3 0.1 0.1 0 0.1 (3.6) 0.1 (3.5) 0.4 1.8 0.1 0.1 0 0.1 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA (17.4) 38.6 10.7 (1.3) (20.1) 35.9 7.5 2.3 (23.8) 34.7 188.4 549.5 (22.5) 40.3 6 19.6 (20.7) 29.3 (8.2) (21.2) (17.9) 140.8 (11) (14.7) 14.3 77.1 51.1 47.8 21.4 71.2 52.3 50.2 20.5 168.9 59.9 39.3 15.2 81.8 57.5 55.7 19.7 69.7 55.8 64.5 (9.8) 70.6 51.3 50.2 20.6 62.9 74.6 60.4 24.6 63.9 82.6 21.3 22.4 70.5 73.4 48.5 20.8 72.6 72.1 43.2 25.2 77 34.6 44 27.7 63.6 60.4 42.3 20.1 54.1 56.6 45.9 14.2 6.5 0.7 0 (8.2)
EBIT (26.9) 29.5 1.7 (10.6) (30.5) 25.3 (3.2) (8.3) (34.3) 24.1 182.1 548.4 (30) 32.5 (1.9) 11.8 (28.8) 20.6 (16.9) (30) (27.3) 131 (20.3) (24) 5 67.5 40.9 37.5 11.2 60.8 42.3 40.2 11 174.2 50.3 29.3 5.1 72.5 48.6 46.9 6.4 61.7 48.2 55.7 (17.8) 56.2 37.7 38.2 10.6 55 64.9 54.2 19.2 58.4 77.6 16.3 17.5 43.6 68.3 44.2 16.2 68.1 60.3 38.9 21.2 72.8 42.7 44.5 24.2 59.7 56.6 39.1 17.7 52 53.8 44.5 13.8 5.1 (0.4) (1.1) (9.4)
Income Before Tax (28.6) 29.3 1.6 (10.7) (30.7) 24.9 (3.6) (8.7) (34.7) 23.7 181.8 545.3 (54) 10.1 (21.7) (8.6) (46) 4 (33.5) (46.9) (42) 116.1 (34) (37.6) (8.6) 51.9 27.1 23.3 (3.2) 47.7 25.4 33 (2.5) 143.2 34.2 12.7 (11) 56.2 20.6 30 (10.6) 45.2 31.7 39.1 (34.5) 38.6 21.5 21.7 (6.3) 60.8 48.7 38 2.5 34.4 59.2 (2) 0.4 31 54.4 33.7 0.9 42.5 49.2 24.7 10.2 49.5 30.6 29.4 9.2 14.7 44.3 24 1.7 34 37.6 27.6 5.1 0.7 (0.6) (1.2) (9.4)
Income Tax Expense 0 0 0 0 0 0.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 169.9 (3.1) (4.2) (0.4) 6.4 4.3 2.3 (0.6) 6.8 (0.3) 16 1 119.8 2.3 1.8 (1.5) 7.9 (1.1) 4.5 (2.1) 11.5 4.8 5.8 (4.3) 5.7 2.1 3.8 (1.7) 7.2 6.4 6 0.6 17.9 10.2 (1.1) (0.3) 6.2 8.5 5.4 (0.7) 6.6 6.6 2.7 0.9 (9.7) 12.3 10.2 3.8 7.5 16.3 10.5 0.7 13.6 15.2 11.3 2.2 0 0 0 0
Net Income (28.6) 29.3 1.6 (10.7) (30.7) 24.7 (3.6) (8.7) (34.7) 23.7 181.8 545.3 (45.5) 6.1 (8.9) (0.7) (25.2) 8.6 (15.2) (22.7) (19.4) (35.2) (12.7) (13.8) (3.7) 19.1 9.2 8.9 (1.1) 16.3 11.2 4.2 (1.9) (5.4) 9.4 1.5 (5) 14.7 8.2 6.8 (4.3) 6.6 7.7 10.1 (9) 8.1 4.8 3.6 (3.1) 19 13.7 9.5 (1) (0.5) 16.7 (1.9) (0.9) 6.7 16.8 9 (1) 11.6 11.8 4.6 1.2 11.2 6.6 7.1 5.4 1.1 10.9 4.3 (0.4) 8.2 9.2 6.3 1 0.7 (0.6) (1.2) (9.4)
Per Share Data
EPS (Basic) -0.31 0.31 0.02 -0.11 -0.32 0.26 -0.04 -0.09 -0.36 0.24 2.90 31.33 -3.13 0.75 -1.09 -1.83 -6.73 1.10 -1.89 -2.83 -2.47 -4.51 -1.63 -1.77 -0.48 2.50 1.20 1.10 -0.14 2.10 1.50 0.50 -0.25 -0.71 1.47 0.25 -0.83 2.50 1.40 1.10 -0.72 1.10 1.30 1.70 -1.53 1.40 0.80 0.60 -0.50 3.30 2.40 1.70 -0.18 -0.09 3.10 -0.35 -0.17 1.20 3.10 1.70 -0.19 2.30 2.50 1.10 0.30 2.70 1.60 1.70 1.28 -3.30 2.60 1.00 -0.10 1.90 2.20 1.50 0.20 0.17 -0.14 -0.29 -2.24
EPS (Diluted) -0.31 0.31 0.02 -0.11 -0.32 0.25 -0.04 -0.09 -0.36 0.24 2.89 31.33 -3.13 0.75 -1.09 -1.83 -6.73 1.10 -1.89 -2.83 -2.47 -4.51 -1.63 -1.77 -0.48 2.40 1.20 1.10 -0.14 2.10 1.40 0.50 -0.25 -0.71 1.46 0.25 -0.83 2.40 1.30 1.10 -0.72 1.10 1.30 1.70 -1.53 1.40 0.80 0.60 -0.50 3.20 2.40 1.70 -0.18 -0.09 3.00 -0.35 -0.17 1.20 3.10 1.60 -0.19 2.30 2.40 1.10 0.30 2.70 1.60 1.70 1.28 -3.30 2.60 1.00 -0.10 1.90 2.20 1.50 0.20 0.17 -0.14 -0.13 -1.00
Shares Outstanding 93.2 93.7 93.7 94.0 95.4 94.9 95.2 96.4 96.4 97.5 62.9 17.4 14.6 8.2 8.2 7 8.1 8.1 8 8.0 7.8 7.8 7.8 7.7 7.4 8.0 7.7 8.1 7.7 7.7 8.0 8.4 6.3 7.6 6.5 6.1 6.0 6.1 6.3 6.2 6.0 6.0 5.9 5.9 5.9 5.9 6 6 5.9 5.9 5.7 5.6 5.0 5.1 5.6 5.4 5.4 5.4 5.4 5.4 5.4 5.3 4.8 4.2 4.2 4.2 4.2 4.2 4.2 4.2 4.2 4.2 4.2 4.2 4.2 4.2 4.2 4.2 4.2 4.2 4.2
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 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1 2007 Q3
Current Assets
Cash & Cash Equivalents 51.6 75.1 29.9 40.3 59.7 75.1 49.4 53.8 60.1 34.6 17.2 15.5 71.1 61.7 73.5 73.1 113.8 101.2 110.1 147.4 190.7 180.3 217.7 245.4 193.2 55.9 46.3 42.8 64 75.6 27.3 34.4 81.2 59.5 30.4 51.6 30.2 68.7 54 64.4 73.7 53.8 82.6 91.1 61.6 71.3 22.7
Short-Term Investments 0 0 0 0 0.1 0.1 0.1 0 0 0 0 1 0.7 0.7 0.3 0.3 0.3 0.3 0 0.3 0.3 0.3 1.3 1.5 16.8 17.5 8.1 11.2 8.3 0 29.2 18 0 0 3.7 0 28.4 0 0 0 0 2.1 0 0 0 0 0
Net Receivables 70.1 85.3 59.1 57.1 57.3 85.3 69.5 50.7 48.6 96.6 69.3 0.2 39.2 92 58.8 63.6 43 53 28.5 11.8 7.5 14.3 10.8 26.7 113.7 177.4 125.8 132.3 110.2 161.6 122.4 128.8 115 165 123 105.8 99.2 168.5 137.6 126.3 97.6 86.4 58.1 89.3 79.3 67.9 75
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 (10.2) 4 4.8 (8.3) (12) 4.1 (12.4) 5.2 (16.5) (12.3) (24.5) (29.2) 0 0 1.6 0 2.1 0
Other Current Assets 4.1 17.5 6.7 3.6 7.1 17.4 6.6 3 8.7 8.4 6.3 7.1 10.7 10 4.7 5.3 6.7 3.9 15 16 14.2 1.9 3.6 4.1 3.5 3.5 4.6 0 0 0 0.4 4.7 4.7 0 0.5 0.4 0.3 0.4 0.7 7.5 19.6 0 0 3 0 0.9 2.4
Total Current Assets 125.8 177.9 95.7 101 124.2 177.9 125.6 116.4 117.4 143.8 103.4 23.8 121.7 164.4 137.3 142.3 163.8 158.4 153.6 175.5 212.7 199.9 233.4 277.7 327.2 254.3 187.6 191 187.2 230.9 183.3 190.7 192.6 212.6 161.7 145.4 163.3 221.1 180 173.7 161.7 151 142.7 185 146.1 142.2 102.4
Non-Current Assets
Property, Plant & Equipment 26.8 16.4 17.1 28.1 16.1 16.4 15.3 26.8 27.2 20.1 14.6 0 28.6 13 30.1 13.5 14.2 40.1 21.8 23.5 25.2 27.5 28.3 29.9 32.8 54.7 32.1 32.4 32.2 33.6 32.8 32 31.5 30.7 29.2 30 29.8 29.6 28.1 27.6 26.9 18.8 22.7 23.7 26.5 27.4 17.4
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (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 0 0 0 0 0 0
Intangible Assets 300.8 350.8 314.4 322 341.1 350.8 364.4 375 384.6 394.3 408.9 0 580.9 586.7 596.8 606.3 610.7 606.3 613.9 620.2 626.5 627.8 634.4 640.5 646.7 643.7 658.3 669.6 682.7 684.5 699.5 711.8 724.2 717.2 732.6 744.5 755.1 560.5 567.7 574.8 581.1 282.1 172.8 134.2 137.9 139.4 0
Long-Term Investments 8.9 3.8 7.1 4.3 3.9 3.8 1.3 1 1 0.7 0.9 19.6 1.3 1.2 1.8 1.7 1.8 1.8 1.2 1.3 1.2 2 2.6 4 6.4 8.5 9.6 10.9 13.3 13.2 13.4 16.4 16.3 19.7 19.4 21.8 27.6 26.2 22.4 35.3 40.7 6.7 6.8 7.4 0 0 0
Other Non-Current Assets 6.4 19.7 17.6 6.6 18.5 19.7 19.5 8 8.4 8.8 8.8 0 6.7 27.1 8.6 28.3 30.3 10.8 26.2 26.7 25.4 29 29 28.9 28.8 6.7 28.6 27.7 27.9 5.7 10.3 10.9 6.6 6.9 11.5 12.2 10.6 10.9 15 15.2 15.2 8.9 9.7 10.2 16.6 14 21
Total Non-Current Assets 342.9 390.7 356.2 361 379.6 390.7 400.5 410.8 421.2 423.9 435.6 19.6 618.5 628 638.1 647.6 657.8 659 666.5 675.5 682.3 686.3 864.4 870.2 877.4 875.7 896.5 913 930.7 910.9 936.7 942 965.1 935.5 991.7 976.3 988.6 836.3 849.8 872 875.9 574.5 477.7 443.2 457.5 462.2 336.2
Total Assets 468.7 568.6 451.9 462 503.8 568.6 526.1 527.2 538.6 567.7 539 43.4 740.2 792.4 775.4 789.9 821.6 817.4 820.1 851 895 886.2 1,097.8 1,147.9 1,204.6 1,130 1,084.1 1,104 1,117.9 1,141.8 1,120 1,132.7 1,157.7 1,434.7 1,153.4 1,121.7 1,151.9 1,057.4 1,029.8 1,045.7 1,037.6 725.5 620.4 628.2 603.6 604.4 438.6
Current Liabilities
Account Payables 26.1 23 20.8 19.4 19.8 23 16.2 16.3 16.2 21.7 18.8 2.4 24 25 18.3 16.9 13.1 16.3 15.1 14 9.4 13.7 9.4 12.3 12.7 20.7 16.5 15.5 13.3 18 17.6 16.5 17 19.3 14 12.8 11.6 17.4 14.1 11.7 14.1 28 13.8 41.5 6.4 9 5
Short-Term Debt 1.5 0 0 2.1 0 0 0 0 1.2 0 0 0 1,123.2 1,121.1 222.4 220.2 3.2 5.3 3.2 3.2 3.2 2.7 2.7 2.7 2.7 4.3 2.7 2.7 2.7 2.7 2.7 2 0 0 0 0 0 0 0 0 0 3.2 4.1 28.7 4 4 0
Deferred Revenue 26.3 23.6 9.6 18.6 18.4 23.6 14.5 0 13 0 9.3 3.8 9.2 10.2 9.6 8.5 9.8 12.6 11.1 6.4 4.9 0 7 7.7 7.5 7.6 10.4 10.7 6.9 7.3 6.5 10.2 6.1 7.1 5.7 8.3 7.3 10.3 15.4 14.3 10.1 8 4.4 2.8 7.3 4.2 2.1
Other Current Liabilities 8.9 26.9 18.1 10.5 1.9 8 3.1 18.2 6.7 16.4 9.1 0 42.4 2.2 30.3 24.6 24.3 27.7 21.5 19.8 21.3 13.6 24.4 0 0 73.1 0 51.4 0 67.2 54.6 49.4 47.5 72.2 62.3 45.3 46 80.7 64 26.1 16.7 0 0 (24.3) 0 0 36.7
Total Current Liabilities 69.3 73.5 50.5 57.9 54.3 73.5 51.1 47.5 42.5 58.4 51.8 9.8 1,204.8 1,203.1 290.2 280.2 57.7 69.8 61.4 53.4 46.9 50 50.4 63.2 80.2 119.5 104.5 91.2 75.5 110.5 93.9 90.1 79.4 109.7 91.7 74.8 70.4 120.6 104.6 82.2 69.2 60.8 35.8 92.2 54.7 52.6 62
Non-Current Liabilities
Long-Term Debt 12 22.5 0 0 0 10 10 10 10 10 10 0 0 0 901 900.4 1,143.3 1,094.3 1,093.6 1,093.8 1,094.1 1,049.6 1,050.5 1,050.9 1,051.6 923.9 894 915.4 925.7 920.9 914.8 939.5 944.8 923.3 910.8 920.3 939.8 924.3 911.9 932.4 944.8 777 805 799 801.2 802 768
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 0.1 0 68.2 58.5 58.3 48.3 48.3 48.9 50 55.9 53.8 53.3 55.8 57.5 55.8
Other Non-Current Liabilities 33.8 61.4 39.9 42.7 66.8 61.4 67.2 70.3 71.9 59.8 62.6 52.9 49.8 53.3 19.4 21.3 22.2 16.4 29.3 31.2 31.1 32.6 184.1 185.1 185 183.8 183.4 184 197.1 199.6 201.7 198.2 217.8 116.3 144.6 136.4 137.5 145.4 146.3 148.6 146.9 213.5 128.3 176.8 191.5 206.3 187.1
Total Non-Current Liabilities 54.6 83.9 50.9 54.1 78.7 83.9 89.5 91.8 93.8 74.8 77.9 52.9 67.2 53.3 939 941 1,185.3 1,131.1 1,143.9 1,146.6 1,147.4 1,104.8 1,257.8 1,259.7 1,260.7 1,131.7 1,101.9 1,123.3 1,147.1 1,120.5 1,116.5 1,137.7 1,162.7 1,039.6 1,123.6 1,115.2 1,135.6 1,118 1,106.5 1,129.9 1,141.7 1,046.4 1,047.3 1,029.1 1,048.5 1,065.8 955.2
Total Liabilities 123.9 157.4 101.4 112 133 157.4 140.6 139.3 136.3 133.2 129.7 62.7 1,272 1,256.4 1,229.2 1,221.2 1,243 1,200.9 1,205.3 1,200 1,194.3 1,154.8 1,308.2 1,322.9 1,340.9 1,251.2 1,206.4 1,214.5 1,222.6 1,231 1,210.4 1,227.8 1,242.1 1,145 1,215.3 1,190 1,206 1,238.6 1,211.1 1,212.1 1,210.9 1,107.2 1,083.1 1,121.3 1,103.2 1,118.4 1,017.2
Stockholders' Equity
Common Stock 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.6 2.5 1.7 1.7 1.3 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.6 0.6 0.6 0.6 0.6 0.6 0.4 0.4 0.4 0.4 0.4 0.4
Retained Earnings 204.3 280.9 213.5 214.8 237.9 280.9 258.3 263.8 281.8 316.6 293 111.3 (415.9) (370.4) (376.5) (364.9) (361.4) (332) (336.7) (317.4) (290.3) (266.4) (225.6) (207.4) (188.3) (171.1) (176.9) (172.6) (168) (153.6) (156.8) (154.9) (145.6) (303.5) (250.5) (246.2) (234) (215.6) (216.4) (210.3) (204.3) (23.4) (20.2) (14.5) (3.5) (3.8) 16.6
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (190.5) (191.5) 0 (196.6) (197.6) (198.9) (207.5) (208.4) (75.6) (73.8) 0 (70) (66.7) (64.7) (62.5) (68.7) (69.3) (72.9) (70.4) (69.3) (68.3) (66.8) (64.1) (64.5) (62.8) (63.5) (14.7) (12.5) (11.8) (12.9) (16.6) (6.5)
Total Stockholders' Equity 344.8 411.2 350.5 350 370.8 411.2 385.5 387.9 402.3 434.5 409.3 (19.3) (531.8) (515.3) (564.8) (554.6) (552.1) (526.7) (532.5) (514.2) (488.4) (473.1) (433.2) (415.7) (396.6) (379.5) (386.9) (383.7) (380.8) (89.2) (372.2) (381.2) (84.4) 2 (361.3) (68.3) (428.4) (181.2) (181.3) (166.4) (173.3) (491.4) (504.2) (516.1) (499.6) (514) (578.6)
Total Liabilities & Equity 468.7 568.6 451.9 462 503.8 568.6 526.1 527.2 538.6 567.7 539 43.4 740.2 792.4 775.4 789.9 821.6 817.4 820.1 851 895 886.2 1,097.8 1,147.9 1,204.6 1,130 1,084.1 1,104 1,117.9 1,141.8 1,120 1,132.7 1,157.7 1,434.7 1,153.4 1,121.7 1,151.9 1,057.4 1,029.8 1,045.7 1,037.6 725.5 620.4 628.2 603.6 604.4 438.6
Debt Metrics
Total Debt 22.3 22.5 13 13.5 11.9 24.2 22.3 22.7 23.1 16 16.4 0 1,140.6 1,121.1 1,142 1,142.1 1,168.5 1,120 1,119.8 1,120.6 1,121.3 1,076.7 1,078.2 1,079 1,080.1 952.2 922.7 943.3 954 923.6 917.5 941.5 944.8 923.3 910.8 920.3 939.8 924.3 911.9 932.4 944.8 780.2 809.1 803.3 805.2 806 768
Net Debt (29.3) (52.6) (16.9) (26.8) (47.8) (50.9) (27.1) (31.1) (37) (18.6) (0.8) (15.5) 1,069.5 1,059.4 1,068.5 1,069 1,054.7 1,018.8 1,009.7 973.2 930.6 896.4 860.5 833.6 886.9 896.3 876.4 900.5 890 848 890.2 907.1 863.6 863.8 880.4 868.7 909.6 855.6 857.9 868 871.1 726.4 726.5 712.2 743.6 734.7 745.3
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 (28.6) 39.8 1.6 (10.7) (30.7) 24.7 (3.6) (8.7) (34.7) 23.7 181.7 545.3 (54) 10.1 (8.9) (8.6) (46) 8.6 (33.5) (46.9) (42) (53.8) (30.9) (33.4) (8.2) 45.5 22.8 21 (2.6) 40.9 25.7 17.1 (3.5) 25.4 31.9 10.9 (9.5) 48.3 21.7 25.5 (8.5)
Depreciation & Amortization 9.5 0 9 9.3 10.4 10.6 10.7 10.6 10.5 10.6 6.3 1.1 7.5 7.7 7.8 7.8 8.1 8.7 8.7 8.8 9.4 9.8 9.3 9.3 9.3 9.6 10.2 10.3 10.2 10.4 10 10 9.5 9.4 9.4 9.2 9.6 9.3 8.9 8.9 8.7
Stock-Based Compensation 0 0 0 2.9 2.7 3 3.1 3.5 2.6 1.5 1 0.5 1.5 2 0 1.6 1.4 0 1.7 2.1 2.7 1.1 0.8 0.1 0.2 1.3 1.4 2 0.8 1.6 1.3 2.1 2.8 2.9 2.8 2.8 2.7 4.6 3.4 3.7 6.6
Change in Working Capital 34.8 (25.7) (9.6) (4.7) 15.9 (3.7) (9.6) 2.1 33.1 (17.3) (21.8) 0.5 49.6 (28.7) 13.2 (14) (2.4) (15.1) (7.6) (2.2) 6.1 (6.6) 15.4 72.4 49.2 (44.2) 8.2 (26.7) 30.1 (30.5) 12.5 (22.1) 39 (35.5) (15) (18.1) 50.5 (31.8) (2.3) (12.5) 2.5
Other Non-Cash Items 2.4 (5.8) (0.5) (1.7) 2.2 (4.1) 9.7 0.2 0.3 38.5 (194) 4.4 6.4 (1.7) (8.4) (3.6) 15.3 (4.9) (0.2) 1.6 (1.2) (151.2) (12.9) 5 8 11.7 7.2 4.5 8.2 2.4 3.4 (6.2) 1 (93.8) 3.9 5.1 5.4 4.4 14.5 4.8 4.1
Operating Cash Flow 18.1 8.3 0.5 (4.9) 6 30.5 (2) 7.7 24.1 15.6 (26.8) (5.9) 10.4 (10.6) 3.7 (16.8) (23.6) (2.7) (30.9) (36.6) (25) (30.6) (21.5) 49.3 58.1 30 54.3 13.3 46 31.5 52.6 16.7 49.5 34.9 35.4 11.6 57 42.6 45 22.2 23.7
Investing Activities
Capital Expenditure (0.3) (2.2) (1) (1.7) (0.7) (2.4) (0.6) (1.3) (1.5) (1.6) (0.6) (0.1) (1) (0.9) (0.5) (0.8) (0.7) (1.8) (1) (0.9) (2) (1.4) (1.4) (1.9) (3.3) (4.2) (3) (3.9) (2.9) (4.3) (2.8) (3.7) (3.5) (4.3) (3.3) (3) (3.1) (4.6) (2.9) (3.8) (3.9)
Acquisitions 0 0 0 0 0 0.6 (0.4) 0.2 0 0.6 34 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.2) 0 0 0 (0.2) (0.2) 0.1 (0.2) 0.7 0.5 1.1 0
Purchases of Investments 0 (7.5) (2) 0 0 (1) (0.1) 0 0 0 (34) 0 0 0 0 0 0 0 0 0 0 0 0 (1) (7.2) (14.6) (4.5) (2.5) (2.9) (5.9) (17) (6) (7.9) (12.7) 0 (4.7) (17) (9.7) (19.1) (8.8) (17.1)
Sales/Maturities of Investments 0.2 0 0 0 0 0 0.2 0.2 0.2 0.6 1 0 0 0.3 0 0 0 0 0.3 0 0 1.5 1.4 17.6 11.3 6.2 6.9 2 19.4 11.3 8.9 10 2 2.8 17.9 18.5 12 12.3 17.7 21.2 11.6
Other Investing Activities 0 (0.3) 0 0 0 0 0.4 (0.2) 0 (0.6) 34 0 0.3 2.2 0 0 0 0 0 0 0 0 0 0 0 4.2 2.4 (0.5) 1.4 3 (8.1) 4 (5.9) 4.4 (0.2) (0.1) 1.6 2.1 (0.5) (1.1) (5.5)
Investing Cash Flow (0.1) (9.6) (3.4) (1.7) (0.7) (2.8) (0.5) (1.1) (1.3) (1) 34.4 (0.1) (0.7) 1.6 (0.5) (0.8) (0.7) (1.8) (0.7) (0.9) (2) 0.1 0 14.7 0.8 (8.4) (0.6) (4.4) 15 3.9 (10.9) 0.3 (9.4) (10) 14.4 10.8 (6.7) 0.8 (4.3) 8.6 (9.4)
Financing Activities
Net Debt Issuance 0 12 (1.5) (10) (10) 0 0 0 0 0 0 0 (0.8) (0.8) (0.2) (20.6) 48.4 (0.1) (0.8) (0.8) 49.3 (1.4) (0.6) (0.7) 127.3 28.3 (21.6) (10.7) 4.7 6 (24.1) (9.1) 21 12 (10) (20) 15 12 (26.9) (13) 19
Stock Repurchased (1.2) (2.7) 0 (10.4) (8.9) (2) (1.9) (9.2) 0 0 0 0 0 0.1 (0.1) 0 (0.2) (0.3) (0.3) (0.3) (1.1) 0 0 (0.1) (0.9) 0 0 (0.1) (1.2) (0.2) (0.1) 0 (2.1) (0.1) 0 (0.1) (4.5) (0.1) (0.1) (0.1) (4.6)
Dividends Paid (2.8) (2.9) (2.8) (5.7) 0 0 0 0 (0.3) 0 (0.1) 0 (0.4) 0 (2.5) (2.5) (4.5) (4) (4.1) (4) (4.8) (5.5) (5.5) (9.9) (47.9) (35.7) (28.6) (19.3) (41.9) (32.3) (30) (21.6) (52.6) (43.8) (28.6) (18.4) (55.2) (38.6) (21.9) (14.3) (47.4)
Other Financing Activities 0 (0.4) (0.2) 10 (1.5) 0 0 (0.7) 0 0 0 (49.6) (1.2) 0 0 0 (6.8) 0 (0.5) (0.7) (6) 0 (0.1) (1.1) (0.1) (4.6) 0 0 (27.9) 18.4 5.4 (6.4) (28.2) 6.5 4.6 (4.5) (38.3) 42.9 (3.6) (1.3) 1.2
Financing Cash Flow (4) 6 (4.5) (16.1) (20.4) (2) (1.9) (9.9) (0.3) 0 (0.1) (49.6) (2.4) (0.7) (2.8) (23.1) 36.9 (4.4) (5.7) (5.8) 37.4 (6.9) (6.2) (11.8) 78.4 (12) (50.2) (30.1) (38.4) (21.3) (48.8) (28.6) (24.3) (25.1) (34) (38) (43.1) (26) (52.5) (27.6) (31.8)
Cash Position
Net Change in Cash 14 4.7 (7.4) (22.7) (15.1) 25.7 (4.4) (3.3) 22.5 14.6 7.5 (55.6) 7.3 (9.7) 0.4 (40.7) 12.6 (8.9) (37.3) (43.3) 10.4 (37.4) (27.7) 52.2 137.3 9.6 3.5 (21.2) 22.6 14.1 (7.1) (11.6) 15.8 (0.2) 15.8 (15.6) 7.2 17.4 (11.8) 3.2 (17.5)
Cash at Beginning 37.6 32.9 40.3 63 78.1 52.4 56.8 60.1 37.6 23 15.5 71.1 63.8 73.5 73.1 113.8 101.2 110.1 147.4 190.7 180.3 217.7 245.4 193.2 55.9 46.3 42.8 64 41.4 27.3 34.4 46 30.2 30.4 14.6 30.2 23 5.6 17.4 14.2 31.7
Cash at End 51.6 37.6 32.9 40.3 63 78.1 52.4 56.8 60.1 37.6 23 15.5 71.1 63.8 73.5 73.1 113.8 101.2 110.1 147.4 190.7 180.3 217.7 245.4 193.2 55.9 46.3 42.8 64 41.4 27.3 34.4 46 30.2 30.4 14.6 30.2 23 5.6 17.4 14.2
Free Cash Flow 17.8 6.1 (0.5) (6.6) 5.3 28.1 (2.6) 6.4 22.6 14 (27.4) (6) 9.4 (11.5) 3.2 (17.6) (24.3) (4.5) (31.9) (37.5) (27) (32) (22.9) 47.4 54.8 25.8 51.3 9.4 43.1 27.2 49.8 13 46 30.6 32.1 8.6 53.9 38 42.1 18.4 19.8
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 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1
Income Statement
Revenue 34 93.2 63.4 51.8 34.9 86.3 62.4 54.7 37.4 90.8 24.7 14.8 34.9 91.7 54.5 67.1 35.9 63.5 31.7 14 5.4 15.7 6 4 64.7 147.2 110.5 110.2 76.9 137.4 110.1 113.7 80.2 140.7 116.4 97.1 71.9 142.5 113.5 115.4 76.2 136.4 111.7 121.5 76.9 123.1 100.8 99.9 70.2 122.7 135.1 122.8 82.2 115.9 143.7 110.1 79.1 114.6 136 114 70.8 118.1 125.7 99.1 84.6 118.6 95.7 92.9 73.5 112.4 107.7 86.7 62.7 94.6 97.6 83.7 32.4 74.1 60.7 57.1 27.4
Gross Profit (4.1) 56 27.9 8.4 10.1 53.4 26.2 13.7 0.8 60.4 1.3 8.7 7.2 61.7 24.8 33.5 11.3 33.2 7.8 (2.3) (1) 6.4 1.3 1.3 37.9 110.4 100.9 100.3 69.6 126.5 99.8 104.5 73.2 129.7 107.5 89.6 66.9 133.3 106 107.1 71.2 127.5 103.9 113.2 71.1 114.8 94.3 93.3 65.2 105.3 121.8 110.5 70.7 78.6 106.8 74.2 44.6 80.8 101.4 77.8 42.7 84.6 95.8 69.2 64.1 63.8 81.5 82.2 60.6 82 79.2 59.6 38.1 71.7 73.3 61.9 22.2 199 60.7 57.1 27.4
Operating Income (26.9) 23.8 (1.8) (12) (23.9) 19.9 (7.5) (9.3) (22.7) 20.4 (12.3) (4.9) (30.6) 28.1 (4.2) 5.6 (22.5) 8 (18.7) (29.6) (28.3) (20.8) (21.3) (23.8) 4.9 72.7 40 37.7 10.9 60.8 42.3 40.2 11 70.2 50.3 28.3 5.1 72.3 48.4 46.5 5.8 61.5 47.8 55.4 (16.7) 57.9 40.7 40.3 12.8 55 67.4 58 21.6 51.4 78.1 45.3 17 54.5 74 50.2 15 53.8 67.1 43.3 26.4 59.7 46.3 39.9 22.2 59.2 57.2 39.1 17.7 50.5 53.8 44 13.3 0.9 (0.4) (1.1) (9.4)
Net Income (28.6) 29.3 1.6 (10.7) (30.7) 24.7 (3.6) (8.7) (34.7) 23.7 181.8 545.3 (45.5) 6.1 (8.9) (0.7) (25.2) 8.6 (15.2) (22.7) (19.4) (35.2) (12.7) (13.8) (3.7) 19.1 9.2 8.9 (1.1) 16.3 11.2 4.2 (1.9) (5.4) 9.4 1.5 (5) 14.7 8.2 6.8 (4.3) 6.6 7.7 10.1 (9) 8.1 4.8 3.6 (3.1) 19 13.7 9.5 (1) (0.5) 16.7 (1.9) (0.9) 6.7 16.8 9 (1) 11.6 11.8 4.6 1.2 11.2 6.6 7.1 5.4 1.1 10.9 4.3 (0.4) 8.2 9.2 6.3 1 0.7 (0.6) (1.2) (9.4)
EPS (Diluted) -0.31 0.31 0.02 -0.11 -0.32 0.25 -0.04 -0.09 -0.36 0.24 2.89 31.33 -3.13 0.75 -1.09 -1.83 -6.73 1.10 -1.89 -2.83 -2.47 -4.51 -1.63 -1.77 -0.48 2.40 1.20 1.10 -0.14 2.10 1.40 0.50 -0.25 -0.71 1.46 0.25 -0.83 2.40 1.30 1.10 -0.72 1.10 1.30 1.70 -1.53 1.40 0.80 0.60 -0.50 3.20 2.40 1.70 -0.18 -0.09 3.00 -0.35 -0.17 1.20 3.10 1.60 -0.19 2.30 2.40 1.10 0.30 2.70 1.60 1.70 1.28 -3.30 2.60 1.00 -0.10 1.90 2.20 1.50 0.20 0.17 -0.14 -0.13 -1.00
Balance Sheet
Cash & Equivalents 51.6 75.1 29.9 40.3 59.7 75.1 49.4 53.8 60.1 34.6 17.2 15.5 71.1 61.7 73.5 73.1 113.8 101.2 110.1 147.4 190.7 180.3 217.7 245.4 193.2 55.9 46.3 42.8 64 75.6 27.3 34.4 81.2 59.5 30.4 51.6 30.2 68.7 54 64.4 73.7 53.8 82.6 91.1 61.6 71.3 22.7
Total Assets 468.7 568.6 451.9 462 503.8 568.6 526.1 527.2 538.6 567.7 539 43.4 740.2 792.4 775.4 789.9 821.6 817.4 820.1 851 895 886.2 1,097.8 1,147.9 1,204.6 1,130 1,084.1 1,104 1,117.9 1,141.8 1,120 1,132.7 1,157.7 1,434.7 1,153.4 1,121.7 1,151.9 1,057.4 1,029.8 1,045.7 1,037.6 725.5 620.4 628.2 603.6 604.4 438.6
Total Debt 22.3 22.5 13 13.5 11.9 24.2 22.3 22.7 23.1 16 16.4 0 1,140.6 1,121.1 1,142 1,142.1 1,168.5 1,120 1,119.8 1,120.6 1,121.3 1,076.7 1,078.2 1,079 1,080.1 952.2 922.7 943.3 954 923.6 917.5 941.5 944.8 923.3 910.8 920.3 939.8 924.3 911.9 932.4 944.8 780.2 809.1 803.3 805.2 806 768
Stockholders' Equity 344.8 411.2 350.5 350 370.8 411.2 385.5 387.9 402.3 434.5 409.3 (19.3) (531.8) (515.3) (564.8) (554.6) (552.1) (526.7) (532.5) (514.2) (488.4) (473.1) (433.2) (415.7) (396.6) (379.5) (386.9) (383.7) (380.8) (89.2) (372.2) (381.2) (84.4) 2 (361.3) (68.3) (428.4) (181.2) (181.3) (166.4) (173.3) (491.4) (504.2) (516.1) (499.6) (514) (578.6)
Cash Flow
Operating Cash Flow 18.1 8.3 0.5 (4.9) 6 30.5 (2) 7.7 24.1 15.6 (26.8) (5.9) 10.4 (10.6) 3.7 (16.8) (23.6) (2.7) (30.9) (36.6) (25) (30.6) (21.5) 49.3 58.1 30 54.3 13.3 46 31.5 52.6 16.7 49.5 34.9 35.4 11.6 57 42.6 45 22.2 23.7
Capital Expenditure (0.3) (2.2) (1) (1.7) (0.7) (2.4) (0.6) (1.3) (1.5) (1.6) (0.6) (0.1) (1) (0.9) (0.5) (0.8) (0.7) (1.8) (1) (0.9) (2) (1.4) (1.4) (1.9) (3.3) (4.2) (3) (3.9) (2.9) (4.3) (2.8) (3.7) (3.5) (4.3) (3.3) (3) (3.1) (4.6) (2.9) (3.8) (3.9)
Free Cash Flow 17.8 6.1 (0.5) (6.6) 5.3 28.1 (2.6) 6.4 22.6 14 (27.4) (6) 9.4 (11.5) 3.2 (17.6) (24.3) (4.5) (31.9) (37.5) (27) (32) (22.9) 47.4 54.8 25.8 51.3 9.4 43.1 27.2 49.8 13 46 30.6 32.1 8.6 53.9 38 42.1 18.4 19.8