Revenue Performance: Q2 revenue reached $710.76 million, with a gross profit of $143.15 million, highlighting a 20.14% gross profit margin. The net income margin stood at 3.65%, reflecting effective cost controls.
Profitability Metrics: Operating income rose to $68.74 million, showing a YoY increase of 18.99% and a QoQ increase of 51.41%. This robust performance points to operational effectiveness.
Balance Sheet Health: The balance sheet's strength is demonstrated by a current ratio of 2.60, indicating strong liquidity. Total debt amounts to $1.23 billion, with a debt-to-income ratio of 3.38, which suggests manageable leverage.
Cash Flow Analysis: Operating cash flow improved to $15.03 million, but free cash flow was slightly negative at -$1.02 million due to high capital expenditures aimed at capacity expansion. The company paid $20.62 million in dividends, indicating a commitment to returning value to shareholders while managing investment needs effectively.