Technology
Communication Equipment
$20.21B
9.8K
Key insights and themes extracted from this filing
Net sales for the current quarter were $1,217 million, compared to $1,214 million in the prior year, indicating stagnant growth. The EVM segment's growth was largely offset by a decline in the AIT segment.
Operating income was $167 million in the current quarter, compared to $194 million in the prior year, primarily due to higher operating expenses. This indicates a decline in profitability.
Net cash provided by operating activities was $413 million in the current year, compared to net cash used in operating activities of $110 million in the prior year. This is primarily due to lower cash payments for inventory purchases and the reduction of overall inventory levels.