| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $733M | $695M | $728M | 5.5% | 0.7% |
| Op. Income | $24M | $23M | $22M | 7.6% | 9.1% |
| Gross Margin | 9.1% | 9.2% | 8.1% | -0.1pp | 1.1pp |
| Net Margin | 1.9% | 1.8% | 2.4% | 0.1pp | -0.5pp |
| EPS (Diluted) | $0.39 | $0.35 | $0.49 | 11.4% | -20.4% |
| Free Cash Flow | $16M | -$64M | -$31M | 125.5% | 151.5% |
| Item | Amount |
|---|---|
| REVENUE | $733M |
| Cost of Revenue | $666M |
| GROSS PROFIT | $67M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $5M |
| Operating Expenses | $43M |
| Cost & Expenses | $709M |
| OPERATING INCOME | $24M |
| Interest Income | $2M |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $4M |
| 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 | $11M |
| EBIT | $26M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $733M |
| Cost of Revenue | $666M |
| GROSS PROFIT | $67M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $5M |
| Operating Expenses | $43M |
| Cost & Expenses | $709M |
| OPERATING INCOME | $24M |
| Interest Income | $2M |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $4M |
| 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 | $11M |
| EBIT | $26M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$14.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $616.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$50.0K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $24M |
| Common Stock Repurchased | -$114.0K |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$330.0K |
| NET CASH FROM FINANCING | $18M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | $34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $245M |
| Short-Term Investments | $0 |
| Net Receivables | $671M |
| Inventory | $756M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $315M |
| Goodwill | $192M |
| Intangible Assets | $55M |
| Long-Term Investments | $0 |
| Tax Assets | $15M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $586M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $417M |
| Short-Term Debt | $3M |
| Deferred Revenue | $186M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $722M |
| Long-Term Debt | $424M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $495.0K |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $538M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $4M |
| Additional Paid-In Capital | $522M |
| Retained Earnings | $534M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $513M |
| Net Debt | $268M |
