Analyst Ratings

Date	Action	Analyst	Rating	Target
Feb-13-26	Reiterated	Wedbush	Outperform	$70 → $100
Feb-13-26	Reiterated	DA Davidson	Buy	$29 → $100
Feb-09-26	Reiterated	Wedbush	Outperform	$70 → $100
Aug-07-25	Reiterated	Wedbush	Outperform	$50 → $70
May-03-24	Upgrade	Wedbush	Neutral → Outperform	$5.00 → $50
Nov-10-23	Upgrade	DA Davidson	Neutral → Buy	$7.00 → $29
May-04-23	Downgrade	Wedbush	Outperform → Neutral
Oct-24-22	Downgrade	DA Davidson	Buy → Neutral
Aug-12-22	Downgrade	JP Morgan	Neutral → Underweight
Jul-08-22	Upgrade	Wedbush	Neutral → Outperform	$5.00

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023
Total Revenue	3,856	3,806	3,751	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	2,842	2,802	2,831
Gross Profit	1,016	1,003	920
Selling, General and Administrative Excl. Other	456	585	644
Research and Development	85	84	94
Other Operating Expense	142	0	0
Operating Income	333	335	182
Interest Expense	88	86	155
Unusual Expense	—	—	—
Non-Operating Income (Expense)	102	127	-20
Net Income Before Taxes	142	122	50
Income Taxes	33	24	64
Consolidated Net Income	108	95	-16
Net Income From Continuing Operations	112	98	-14
Net Income	108	95	-16
EPS (Recurring)	2.99	2.57	-0.44
EPS (Basic, Before Extraordinaries)	2.99	2.57	-0.44
EPS (Diluted)	2.95	2.54	-0.44
EBITDA	356	335	335
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	28.41	26.73	—
Price To Sales Ratio	0.76	0.66	—
Gross Margin	26.35	26.35	24.53
Operating Margin	8.64	8.80	4.85
Net Margin	2.80	2.50	-0.43
Shares Outstanding	35	37	38
Market Capitalization	2,933	2,512	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Millstreet Capital Management LLC	10% Owner	Jun 15 '26	Sale	83.91	1,765	148,105	4,435,896	Jun 16 12:00 AM
Millstreet Capital Management LLC	10% Owner	Jun 12 '26	Sale	82.12	159,675	13,112,192	4,437,661	Jun 16 12:00 AM
Millstreet Capital Management LLC	10% Owner	Jun 11 '26	Sale	82.06	1,108	90,922	4,597,336	Jun 12 12:00 AM
Millstreet Capital Management LLC	10% Owner	Jun 10 '26	Sale	82.08	17,660	1,449,568	4,598,444	Jun 12 12:00 AM
Millstreet Capital Management LLC	10% Owner	Jun 08 '26	Sale	82.99	88,334	7,330,989	4,616,104	Jun 10 12:00 AM
Marquez Octavio	President and CEO	May 27 '26	Buy	79.56	621	49,408	217,507	May 27 12:00 AM
Marquez Octavio	President and CEO	May 26 '26	Buy	79.37	629	49,926	216,886	May 27 12:00 AM
Timko Thomas S	EVP, CFO	May 22 '26	Buy	74.36	672	49,970	75,480	May 22 12:00 AM
Myers Jonathan	EVP, Chief Revenue Officer	May 22 '26	Buy	73.41	1,360	99,838	45,626	May 22 12:00 AM
Millstreet Capital Management LLC	10% Owner	Apr 16 '26	Sale	84.77	60,833	5,157,063	4,704,438	Apr 17 12:00 AM
Millstreet Capital Management LLC	10% Owner	Apr 15 '26	Sale	85.43	51,472	4,397,325	4,765,271	Apr 17 12:00 AM
Millstreet Capital Management LLC	10% Owner	Apr 08 '26	Sale	82.42	399,929	32,960,468	4,816,743	Apr 10 12:00 AM
Millstreet Capital Management LLC	10% Owner	Jan 15 '26	Sale	68.00	500,000	34,000,000	5,216,672	Jan 20 12:00 AM
Millstreet Capital Management LLC	10% Owner	Nov 06 '25	Sale	64.52	40,522	2,614,548	5,716,672	Nov 07 12:00 AM
Millstreet Capital Management LLC	10% Owner	Nov 05 '25	Sale	62.93	211,204	13,292,081	5,757,194	Nov 07 12:00 AM


Market Cap	2.80B	Forward P/E	12.34	EPS next Y	6.79	Insider Trans	-3.69%	Shs Float	-	Perf Month	21.87%


Enterprise Value	3.52B	PEG	0.03	EPS next Q	1.10	Inst Own	-	Short Float	-	Perf Quarter	16.89%


Income	106.44M	P/S	0.73	EPS this Y	86.10%	Inst Trans	-	Short Ratio	-	Perf Half Y	25.05%


Sales	3.86B	P/B	2.78	EPS next Y	23.74%	ROA	2.82%	Short Interest	-	Perf YTD	23.45%


Book/sh	29.63	P/C	8.97	EPS next 5Y	23.74%	ROE	9.97%	52W High	89.05 -5.88%	Perf Year	61.24%


Cash/sh	10.80	P/FCF	10.53	EPS past 3/5Y	-	ROIC	10.37%	52W Low	51.46 62.86%	Perf 3Y	-


Dividend Est.	-	EV/EBITDA	9.92	Sales past 3/5Y	3.22% -0.50%	Gross Margin	26.33%	Volatility	2.08% 2.60%	Perf 5Y	-


Dividend TTM	-	EV/Sales	0.91	EPS Y/Y TTM	1375.00%	Oper. Margin	8.60%	ATR (14)	2.81	Perf 10Y	-


Dividend Ex-Date	Feb 23, 2018	Quick Ratio	0.89	Sales Y/Y TTM	2.80%	Profit Margin	2.80%	RSI (14)	61.15	Recom	2.85


Dividend Gr. 3/5Y	-55.70% -38.64%	Current Ratio	1.28	EPS Q/Q	757.14%	SMA20	3.93%	Beta	1.24	Target Price	100.00


Payout	0.00%	Debt/Eq	1.07	Sales Q/Q	6.06%	SMA50	4.56%	Rel Volume	1.20	Prev Close	80.89


Employees	21,000	LT Debt/Eq	1.02	Earnings	Aug 05	SMA200	19.23%	Avg Volume	458.21K	Price	83.81


IPO Date	Aug 14, 2023	Option/Short	Yes / Yes	EPS/Sales Surpr.	-1.64% 4.96%	Net Debt/EBITDA	2.03	Volume	551,848	Change	3.61%

DBD