0001104659-26-053548
SEC filingNet income surged 153.5% to $225.8 million in Q1 2026, reflecting a transformative recovery driven by improved core revenue dynamics and a significant swing in operating cash flows.
A defining characteristic of the quarter was the dramatic improvement in cash flow generation. Net cash provided by operating activities was $299.0 million, a significant turnaround from a $126.3 million use of cash in the comparable prior year period. After accounting for capital expenditures of $16.1 million, the company generated $283.0 million in free cash flow. This robust cash generation provides flexibility for continued balance sheet growth and capital management.