Total Revenue

Increased from $249 million in Q4 2023 to $256 million in Q4 2024 (an increase of $7 million)

The modest revenue uptick reflects incremental growth in energy and renewables segments, likely driven by new acquisitions and higher production levels that partially offset challenges in other areas from the prior period. " "

Operating Income

Deteriorated from –$22 million in Q4 2023 to –$37 million in Q4 2024 (a decline of ~68%)

Operating income worsened as increased operating costs and lower margins outpaced the modest revenue growth. The current period’s higher costs relative to Q4 2023’s better cost management and possibly lower revenue quality contributed to a larger negative EBIT. " "

Net Income

Improved from $2 million in Q4 2023 to $3 million in Q4 2024

Despite the operating challenges, net income saw a slight improvement, likely driven by favorable non-cash adjustments and reduced tax expenses relative to the previous quarter, which cushioned the effect of lower operating profit. " "

Diluted EPS

Fell sharply from $0.31 in Q4 2023 to $0.03 in Q4 2024 (approximately a 90% drop)

The drastic decline in diluted EPS is primarily due to the reduction in income available for common shareholders. Lower net income coupled with a potentially increased share base or altered allocation from noncontrolling interests significantly diluted earnings per share compared to Q4 2023. "

Cash Flow Performance

Turned positive from a net outflow of –$105 million in Q4 2023 to a net inflow of $59 million in Q4 2024

Improvements in cash flow were driven by better working capital management and increased operating cash generation, as well as the lower outlays due to reduced capital spending compared to the heavy investment period in Q4 2023. " "

Capital Expenditures

Dropped significantly from $69 million in Q4 2023 to $5 million in Q4 2024 (over 90% decline)

The steep reduction in capital expenditures indicates a shift from the heavy growth investments made in Q4 2023 to a period of minimal expansion spending in Q4 2024, allowing the company to conserve cash and improve liquidity. " "

Debt Repayments

Eased considerably from net repayments of –$681 million in Q4 2023 to –$84 million in Q4 2024

The easing in debt repayments reflects a more favorable financing structure, likely due to refinancing and maturities that had peaked in Q4 2023. The significantly lower outflow suggests that prior heavy debt reduction efforts have stabilized, reducing the repayment burden in the current period. " "