| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $575M | $573M | $574M | 0.3% | 0.1% |
| Op. Income | $78M | $56M | $66M | 40.2% | 17.2% |
| Gross Margin | 42.6% | 38.4% | 39.7% | 4.2pp | 2.9pp |
| Net Margin | 9.7% | 13.4% | 7.5% | -3.7pp | 2.3pp |
| EPS (Diluted) | $0.23 | $0.32 | $0.18 | -28.1% | 27.8% |
| Free Cash Flow | $39M | $95M | $44M | -58.6% | -11.7% |
| Item | Amount |
|---|---|
| REVENUE | $575M |
| Cost of Revenue | $330M |
| GROSS PROFIT | $245M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $149M |
| Other Expenses | $0 |
| Operating Expenses | $167M |
| Cost & Expenses | $497M |
| OPERATING INCOME | $78M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $70M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $40M |
| EBIT | $78M |
| EBITDA | $118M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $575M |
| Cost of Revenue | $330M |
| GROSS PROFIT | $245M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $149M |
| Other Expenses | $0 |
| Operating Expenses | $167M |
| Cost & Expenses | $497M |
| OPERATING INCOME | $78M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $70M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $40M |
| EBIT | $78M |
| EBITDA | $118M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $56M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | -$33M |
| OPERATING CASH FLOW | $58M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$33M |
| FREE CASH FLOW | $39M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $286M |
| Short-Term Investments | $0 |
| Net Receivables | $459M |
| Inventory | $319M |
| Other Current Assets | $146M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $296M |
| Goodwill | $2.3B |
| Intangible Assets | $840M |
| Long-Term Investments | $11M |
| Tax Assets | $113M |
| Other Non-Current Assets | $115M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $4.9B |
| Account Payables | $133M |
| Short-Term Debt | $12M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $197M |
| TOTAL CURRENT LIABILITIES | $341M |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $103M |
| Other Non-Current Liabilities | $210M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $3M |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | -$1.1B |
| Treasury Stock | -$349M |
| Accum. Other Comp. Income | -$384M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $16M |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $4.9B |
| Total Debt | $1.9B |
| Net Debt | $1.6B |
