| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $676M | $691M | $695M | -2.3% | -2.8% |
| Op. Income | $26M | $32M | $23M | -20.5% | 12.3% |
| Gross Margin | 10.0% | 10.3% | 9.2% | -0.3pp | 0.8pp |
| Net Margin | 2.1% | 2.5% | 1.8% | -0.5pp | 0.3pp |
| EPS (Diluted) | $0.38 | $0.49 | $0.35 | -22.4% | 8.6% |
| Free Cash Flow | $43M | $126M | -$64M | -66.2% | 166.9% |
| Item | Amount |
|---|---|
| REVENUE | $676M |
| Cost of Revenue | $608M |
| GROSS PROFIT | $67M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $5M |
| Operating Expenses | $42M |
| Cost & Expenses | $650M |
| OPERATING INCOME | $26M |
| Interest Income | $2M |
| Interest Expense | $7M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $12M |
| EBIT | $26M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $676M |
| Cost of Revenue | $608M |
| GROSS PROFIT | $67M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $5M |
| Operating Expenses | $42M |
| Cost & Expenses | $650M |
| OPERATING INCOME | $26M |
| Interest Income | $2M |
| Interest Expense | $7M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $12M |
| EBIT | $26M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $405.0K |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$251.0K |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | $43M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $296M |
| Short-Term Investments | $0 |
| Net Receivables | $598M |
| Inventory | $638M |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $352M |
| Goodwill | $192M |
| Intangible Assets | $50M |
| Long-Term Investments | $4M |
| Tax Assets | $28M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $634M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $348M |
| Short-Term Debt | $5M |
| Deferred Revenue | $189M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $668M |
| Long-Term Debt | $310M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $460M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $4M |
| Additional Paid-In Capital | $526M |
| Retained Earnings | $569M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $435M |
| Net Debt | $139M |
