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SEC filingRevenue grew 6% to $891.8M, with retail strength offsetting banking weakness, and net income swung to $5.0M from a loss, driven by margin expansion and operating leverage.
Operating income rose 10.5% to $32.7 million, with operating margin of 3.7% compared to 3.5% a year ago. The improvement reflects higher revenue and gross profit, partially offset by increased selling, general and administrative expenses and research and development costs. Net income swung to $5.0 million from a net loss of $8.3 million in Q1 2025, driven by operating leverage and lower net interest expense. Diluted earnings per share were $0.14, compared to a loss of $0.22 per share in the prior-year quarter.
The company remains committed to maintaining and improving its credit ratings through disciplined capital allocation. Research and development costs reflect ongoing investment in hardware and software innovations. Forward-looking statements involve risks and uncertainties that could impact future results.