| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $720M | $733M | $772M | -1.8% | -6.7% |
| Op. Income | $30M | $24M | $25M | 23.9% | 20.0% |
| Gross Margin | 9.6% | 9.1% | 8.7% | 0.5pp | 0.9pp |
| Net Margin | 2.8% | 1.9% | 2.4% | 0.9pp | 0.4pp |
| EPS (Diluted) | $0.57 | $0.39 | $0.53 | 46.2% | 7.5% |
| Free Cash Flow | $18M | $16M | -$40M | 10.5% | 145.0% |
| Item | Amount |
|---|---|
| REVENUE | $720M |
| Cost of Revenue | $651M |
| GROSS PROFIT | $69M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $3M |
| Operating Expenses | $39M |
| Cost & Expenses | $689M |
| OPERATING INCOME | $30M |
| Interest Income | $1M |
| Interest Expense | $8M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $12M |
| EBIT | $34M |
| EBITDA | $46M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $720M |
| Cost of Revenue | $651M |
| GROSS PROFIT | $69M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $3M |
| Operating Expenses | $39M |
| Cost & Expenses | $689M |
| OPERATING INCOME | $30M |
| Interest Income | $1M |
| Interest Expense | $8M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $12M |
| EBIT | $34M |
| EBITDA | $46M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $209.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $38M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$315.0K |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$136.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $260M |
| Short-Term Investments | $0 |
| Net Receivables | $669M |
| Inventory | $725M |
| Other Current Assets | $53M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $354M |
| Goodwill | $192M |
| Intangible Assets | $52M |
| Long-Term Investments | $0 |
| Tax Assets | $16M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $626M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $382M |
| Short-Term Debt | $4M |
| Deferred Revenue | $189M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $699M |
| Long-Term Debt | $428M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $495.0K |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $571M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $4M |
| Additional Paid-In Capital | $526M |
| Retained Earnings | $549M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $547M |
| Net Debt | $287M |
