TRS: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	646m	631m
Cost of revenue	508m	501m
Gross profit	138m	130m
Selling, general and administrative	129m	110m
Operating income	41m	15m
Pre-tax income	24m	−4m
Income tax	−48m	−2m
Net income	120m	24m
Earnings per share	2.97	0.60
Earnings per share, diluted	2.95	0.60
Weighted average shares	40m	41m
Weighted average shares, diluted	41m	41m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	1.31bn	30m	34m	30m	33m	23m	27m	35m
Receivables	129m	111m	192m	204m	184m	116m	163m	170m
Inventory	117m	109m	227m	217m	219m	110m	214m	209m
Current assets	1.59bn	463m	483m	489m	465m	427m	435m	439m
Property, plant and equipment	244m	248m	341m	337m	322m	238m	329m	329m
Goodwill	298m	300m	387m	388m	377m	287m	365m	360m
Total assets	2.30bn	1.49bn	1.43bn	1.45bn	1.39bn	1.32bn	1.37bn	1.37bn
Current liabilities	328m	184m	180m	189m	165m	159m	154m	156m
Short-term debt	—	—	—	—	—	—	80,000	—
Long-term debt	397m	469m	407m	425m	434m	398m	410m	427m
Total liabilities	847m	779m	709m	730m	707m	657m	685m	690m
Equity	1.45bn	706m	725m	715m	687m	667m	683m	676m
Shares outstanding	36m	38m	41m	41m	41m	41m	41m	41m
Shares issued	36m	38m	41m	41m	41m	41m	41m	41m

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	117m	64m
Depreciation and amortisation	40m	48m
Share-based compensation	12m	7m
Capital expenditure	48m	51m
Investing cash flow	−64m	−47m
Dividends paid	7m	7m
Share buybacks	103m	19m
Financing cash flow	−46m	−29m