| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $536M | $551M | $642M | -2.8% | -16.5% |
| Op. Income | $53M | $44M | $86M | 20.6% | -38.0% |
| Gross Margin | 37.6% | 37.4% | 38.3% | 0.2pp | -0.7pp |
| Net Margin | 7.0% | 7.0% | 9.8% | -0.0pp | -2.9pp |
| EPS (Diluted) | $0.90 | $0.91 | $1.45 | -1.1% | -37.9% |
| Free Cash Flow | -$22M | $105M | -$46M | -120.5% | 52.9% |
| Item | Amount |
|---|---|
| REVENUE | $536M |
| Cost of Revenue | $334M |
| GROSS PROFIT | $202M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $111M |
| SG&A Expenses | $111M |
| Other Expenses | $11M |
| Operating Expenses | $149M |
| Cost & Expenses | $483M |
| OPERATING INCOME | $53M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $27M |
| EBIT | $53M |
| EBITDA | $80M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $536M |
| Cost of Revenue | $334M |
| GROSS PROFIT | $202M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $111M |
| SG&A Expenses | $111M |
| Other Expenses | $11M |
| Operating Expenses | $149M |
| Cost & Expenses | $483M |
| OPERATING INCOME | $53M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $27M |
| EBIT | $53M |
| EBITDA | $80M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $37M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$68M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $60.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$227.0K |
| Common Stock Repurchased | -$58M |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$65M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | -$90M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $507M |
| Short-Term Investments | $0 |
| Net Receivables | $356M |
| Inventory | $374M |
| Other Current Assets | $77M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $579M |
| Goodwill | $902M |
| Intangible Assets | $257M |
| Long-Term Investments | $0 |
| Tax Assets | $17M |
| Other Non-Current Assets | $51M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $3.1B |
| Account Payables | $264M |
| Short-Term Debt | $20M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $231M |
| TOTAL CURRENT LIABILITIES | $515M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $51M |
| Other Non-Current Liabilities | $103M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $503.0K |
| Additional Paid-In Capital | $815M |
| Retained Earnings | $1.0B |
| Treasury Stock | -$648M |
| Accum. Other Comp. Income | -$32M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $41.0K |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $1.3B |
| Net Debt | $808M |
