| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.0B | 2.7% | 6.8% |
| Op. Income | $75M | $68M | $75M | 10.4% | -0.4% |
| Gross Margin | 12.8% | 12.2% | 13.1% | 0.6pp | -0.3pp |
| Net Margin | 2.4% | 2.6% | 2.7% | -0.2pp | -0.3pp |
| EPS (Diluted) | $0.13 | $0.14 | $0.13 | -7.1% | 0.0% |
| Free Cash Flow | -$15M | -$71M | -$21M | 79.3% | 31.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $968M |
| GROSS PROFIT | $143M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $73M |
| SG&A Expenses | $73M |
| Other Expenses | -$5M |
| Operating Expenses | $68M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $75M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $45M |
| EBIT | $59M |
| EBITDA | $104M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $968M |
| GROSS PROFIT | $143M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $73M |
| SG&A Expenses | $73M |
| Other Expenses | -$5M |
| Operating Expenses | $68M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $75M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $45M |
| EBIT | $59M |
| EBITDA | $104M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $73M |
| Capital Expenditure | -$88M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $786.0K |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$85M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $35M |
| Net Receivables | $182M |
| Inventory | $51M |
| Other Current Assets | $141M |
| TOTAL CURRENT ASSETS | $513M |
| PP&E (Net) | $2.0B |
| Goodwill | $0 |
| Intangible Assets | $67M |
| Long-Term Investments | $82M |
| Tax Assets | $103M |
| Other Non-Current Assets | $99M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $353M |
| Short-Term Debt | $41M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $103M |
| TOTAL CURRENT LIABILITIES | $817M |
| Long-Term Debt | $714M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $64M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $523M |
| Additional Paid-In Capital | $9M |
| Retained Earnings | $571M |
| Treasury Stock | -$19M |
| Accum. Other Comp. Income | -$614M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $469M |
| Minority Interest | $1M |
| TOTAL EQUITY | $471M |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $1.7B |
| Net Debt | $1.6B |
