| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $991M | -8.0% | 9.1% |
| Op. Income | $68M | $82M | $66M | -17.4% | 1.9% |
| Gross Margin | 12.2% | 14.1% | 13.4% | -1.9pp | -1.2pp |
| Net Margin | 2.6% | 4.7% | 3.8% | -2.1pp | -1.1pp |
| EPS (Diluted) | $0.14 | $0.26 | $0.18 | -46.2% | -22.2% |
| Free Cash Flow | -$71M | $11M | -$17M | -728.1% | -303.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $949M |
| GROSS PROFIT | $132M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $69M |
| SG&A Expenses | $69M |
| Other Expenses | -$4M |
| Operating Expenses | $65M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $68M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $43M |
| EBIT | $64M |
| EBITDA | $107M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $949M |
| GROSS PROFIT | $132M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $69M |
| SG&A Expenses | $69M |
| Other Expenses | -$4M |
| Operating Expenses | $65M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $68M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $43M |
| EBIT | $64M |
| EBITDA | $107M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $495.0K |
| Change in Working Capital | -$81M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$61M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $45M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$49M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | -$71M |
| Net Change in Cash | -$69M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $127M |
| Short-Term Investments | $35M |
| Net Receivables | $190M |
| Inventory | $53M |
| Other Current Assets | $144M |
| TOTAL CURRENT ASSETS | $549M |
| PP&E (Net) | $2.1B |
| Goodwill | $0 |
| Intangible Assets | $71M |
| Long-Term Investments | $68M |
| Tax Assets | $101M |
| Other Non-Current Assets | $106M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $323M |
| Short-Term Debt | $127M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $127M |
| TOTAL CURRENT LIABILITIES | $827M |
| Long-Term Debt | $713M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $96M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $523M |
| Additional Paid-In Capital | $9M |
| Retained Earnings | $544M |
| Treasury Stock | -$19M |
| Accum. Other Comp. Income | -$572M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $485M |
| Minority Interest | $2M |
| TOTAL EQUITY | $487M |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $1.7B |
| Net Debt | $1.6B |
