| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $384M | $426M | $366M | -9.9% | 4.9% |
| Op. Income | $46M | $63M | $52M | -26.3% | -11.8% |
| Gross Margin | 37.0% | 36.6% | 37.7% | 0.4pp | -0.7pp |
| Net Margin | 8.9% | 10.9% | 10.7% | -2.0pp | -1.8pp |
| EPS (Diluted) | $1.13 | $1.53 | $1.29 | -26.1% | -12.4% |
| Free Cash Flow | $41M | -$40M | -$47M | 203.2% | 187.8% |
| Item | Amount |
|---|---|
| REVENUE | $384M |
| Cost of Revenue | $242M |
| GROSS PROFIT | $142M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $96M |
| Other Expenses | $224.0K |
| Operating Expenses | $96M |
| Cost & Expenses | $337M |
| OPERATING INCOME | $46M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$799.0K |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $11M |
| EBIT | $46M |
| EBITDA | $57M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $384M |
| Cost of Revenue | $242M |
| GROSS PROFIT | $142M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $96M |
| Other Expenses | $224.0K |
| Operating Expenses | $96M |
| Cost & Expenses | $337M |
| OPERATING INCOME | $46M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$799.0K |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $11M |
| EBIT | $46M |
| EBITDA | $57M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $34M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $727.0K |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $71M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | -$40M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$42M |
| FREE CASH FLOW | $41M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $566M |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $632M |
| PP&E (Net) | $610M |
| Goodwill | $198M |
| Intangible Assets | $61M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $874M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $108M |
| Short-Term Debt | $26M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $313M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $34M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $380M |
| TOTAL LIABILITIES | $693M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $215M |
| Retained Earnings | $610M |
| Treasury Stock | -$12M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $814M |
| Minority Interest | $0 |
| TOTAL EQUITY | $814M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $423M |
| Net Debt | $406M |
