| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.7B | $1.1B | -31.9% | 5.8% |
| Op. Income | $78M | $130M | $44M | -40.0% | 76.5% |
| Gross Margin | 36.0% | 33.8% | 33.0% | 2.1pp | 3.0pp |
| Net Margin | 5.9% | 0.4% | 1.7% | 5.5pp | 4.2pp |
| EPS (Diluted) | $0.34 | $0.03 | $0.09 | 965.8% | 277.8% |
| Free Cash Flow | -$74M | $257M | -$54M | -128.9% | -37.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $733M |
| GROSS PROFIT | $411M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $333M |
| Other Expenses | $0 |
| Operating Expenses | $333M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $78M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $83M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $68M |
| D&A | $55M |
| EBIT | $83M |
| EBITDA | $138M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $733M |
| GROSS PROFIT | $411M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $333M |
| Other Expenses | $0 |
| Operating Expenses | $333M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $78M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $83M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $68M |
| D&A | $55M |
| EBIT | $83M |
| EBITDA | $138M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $68M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$174M |
| OPERATING CASH FLOW | -$38M |
| Capital Expenditure | -$36M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $100M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | $59M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$48M |
| Common Dividends Paid | -$25M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$74M |
| FREE CASH FLOW | -$74M |
| Net Change in Cash | -$54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $301M |
| Short-Term Investments | $0 |
| Net Receivables | $231M |
| Inventory | $681M |
| Other Current Assets | $99M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $1.8B |
| Goodwill | $225M |
| Intangible Assets | $45M |
| Long-Term Investments | $0 |
| Tax Assets | $89M |
| Other Non-Current Assets | $59M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $3.6B |
| Account Payables | $225M |
| Short-Term Debt | $0 |
| Deferred Revenue | $57M |
| Other Current Liabilities | $72M |
| TOTAL CURRENT LIABILITIES | $773M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $346M |
| Retained Earnings | $2.3B |
| Treasury Stock | -$848M |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $1.3B |
| Net Debt | $1.0B |
