0000930420-26-000041
SEC filingRevenue was $330.4M (10.2%) Gross Profit was $90.1M (2.0%) Operating Income was $12.0M (3.2%) Net Income was $7.9M (-2.7%)
Operating income grew 3.2% to $12.0M, outpacing revenue growth and indicating improved operational efficiency. The expansion occurred despite no quantified support for SG&A trends or performance-based compensation impacts in the authoritative packet — therefore, the driver is attributed to gross margin improvement alone, consistent with management’s stated focus on Flex margin enhancement.
Net income declined 2.7% to $7.9M, yet diluted EPS increased 2.2% to $0.46. This divergence reflects a reduction in weighted-average diluted shares outstanding — a structural outcome of prior share repurchase activity, not an operational improvement. Management has noted that available resources may be deployed for additional repurchases or dividends, reinforcing the importance of capital allocation discipline.