Financials
Valor Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25 TTM Selling/general/admin expenses 94 M89 M75 M101 M85 M 350 M Research & development ————— — Operating income 138 M121 M139 M128 M133 M 521 M Non-Operating Income, Total -16 M-5 M0-1 M0 -6 M Interest expense, net of interest capitalized —30 M31 M33 M34 M 128 M Non-Operating Income, excl. Interest Expenses -14 M-30 M-31 M-33 M-34 M -128 M Unusual income/expense -2 M-5 M0-1 M0 -6 M Pretax income 107 M86 M108 M94 M99 M 387 M Equity in earnings ————— — Taxes 9 M18 M-19 M16 M14 M 29 M Non-controlling/minority interest 0———— — After tax other income/expense 3 M004 M-5 M -1 M Net income before discontinued operations 98 M68 M127 M78 M85 M 358 M Discontinued operations ————— — Net income 98 M68 M127 M78 M85 M 358 M Dilution adjustment ————— — Preferred dividends ————— — Diluted net income available to common stockholders 98 M68 M127 M78 M85 M 358 M Basic earnings per share (Basic EPS) 21.432.721.71.88 7.73 Diluted earnings per share (Diluted EPS) 1.981.422.711.691.88 7.7 Average basic shares outstanding 50.1 M47.6 M46.7 M45.9 M46.3 M 186.5 M Diluted shares outstanding 50.5 M47.8 M46.8 M46.1 M46.5 M 187.2 M EBITDA 312 M-1.03 B140 M126 M140 M -627 M EBIT 196 M-1.07 B105 M88 M96 M -782 M Cost of revenue 1.61 B1.67 B1.55 B1.64 B1.53 B 6.39 B Other cost of goods sold ————— — Depreciation & amortization (cash flow) 116 M38 M35 M38 M44 M 155 M