0000884887-26-000026
SEC filingStrong quarter driven by capacity expansion and higher pricing, with record net income and robust cash flow generation.
Net income for the quarter was $941 million, up 28.9% from $730 million in the prior year. Diluted earnings per share were $3.48, compared to $2.70 in the same period last year, representing a 28.9% increase. The strong bottom-line performance reflects the combination of revenue growth, margin expansion, and effective cost management.
Net cash provided by operating activities was $1.8 billion, compared to $1.6 billion in the prior year quarter. Capital expenditures were $0.5 billion, resulting in free cash flow of $1.3 billion. The company's cash flow generation provides significant liquidity to support its capital allocation priorities, including debt reduction and strategic investments.