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Segment Adjusted EBITDA Breakdown
Details profitability by business unit after adjustments, highlighting which segments (for example industrial, enterprise, and broadcast) deliver the strongest margins and cash generation, and where cost or pricing pressure could erode returns.Industrial Automation is the clear margin engine — consistently larger and the primary source of the company’s EBITDA momentum, matching management’s callouts on automation revenue/EBITDA strength and margin expansion. Smart Infrastructure is smaller, more volatile and underperformed, aligning with broadband softness and pass‑through margin dilution noted on the call. The dramatic Industrial spike late‑2025 looks anomalous (timing, pass‑throughs or accounting/reclassification) and should be treated cautiously rather than as a sustainable step‑change. Net takeaway: automation/solutions drive upside; Smart Infra and copper volatility remain key risks.
Date | Smart Infrastructure Solutions | Industrial Automation Solutions |
|---|---|---|
Dec 31, 2025 | $40.77M | $168.16M |
Sep 30, 2025 | $39.81M | $40.45M |
Jun 30, 2025 | $36.22M | $31.46M |
Mar 31, 2025 | $31.14M | $73.33M |
Dec 31, 2024 | $42.40M | $71.47M |
Sep 30, 2024 | $40.45M | $71.82M |
Jun 30, 2024 | $31.46M | $67.74M |
Mar 31, 2024 | $25.79M | $58.74M |
Dec 31, 2023 | $30.25M | $57.67M |
Sep 30, 2023 | $37.69M | $77.24M |