May 1, 2025 (press release) –
Norwalk, Conn. —Financial Summary
Q1 2025
- Revenue of $1.46 billion, down 3.0 percent, and 1.1 percent in constant currency.
- GAAP net (loss) of $(90) million, or $(0.75) per share, improved by $23 million or $0.19 per share, year-over-year, respectively.
- Adjusted net (loss) of $(4) million, or $(0.06) per share, declined by $15 million or $0.12 per share, year-over-year, respectively.
- Adjusted operating margin of 1.5 percent, 70 basis points lower year-over-year.
- Operating cash flow of $(89) million, lower by $10 million year-over-year.
- Free cash flow of $(109) million, lower by $20 million year-over-year.
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First-Quarter Results
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