| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.1B | $1.1B | -2.3% | -7.1% |
| Op. Income | $71M | $83M | $84M | -15.0% | -15.8% |
| Gross Margin | 26.8% | 26.7% | 28.9% | 0.1pp | -2.1pp |
| Net Margin | 3.6% | 4.7% | 4.4% | -1.1pp | -0.8pp |
| EPS (Diluted) | $0.81 | $1.06 | $0.99 | -23.6% | -18.2% |
| Free Cash Flow | $63M | $109M | $69M | -42.8% | -9.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $768M |
| GROSS PROFIT | $281M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $210M |
| Other Expenses | $0 |
| Operating Expenses | $210M |
| Cost & Expenses | $978M |
| OPERATING INCOME | $71M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $25M |
| EBIT | $71M |
| EBITDA | $95M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $768M |
| GROSS PROFIT | $281M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $210M |
| Other Expenses | $0 |
| Operating Expenses | $210M |
| Cost & Expenses | $978M |
| OPERATING INCOME | $71M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $25M |
| EBIT | $71M |
| EBITDA | $95M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $73M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$80M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$80M |
| FREE CASH FLOW | $63M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $158M |
| Short-Term Investments | $0 |
| Net Receivables | $756M |
| Inventory | $0 |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $933M |
| PP&E (Net) | $146M |
| Goodwill | $1.9B |
| Intangible Assets | $483M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $26M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $93M |
| TOTAL CURRENT LIABILITIES | $372M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $156M |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $696M |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$200.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $1.1B |
| Net Debt | $945M |
