| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $237M | $251M | $241M | -5.8% | -1.9% |
| Op. Income | $33M | $32M | $27M | 1.6% | 24.3% |
| Gross Margin | 22.8% | 20.7% | 19.2% | 2.1pp | 3.6pp |
| Net Margin | 9.8% | 9.3% | 7.5% | 0.5pp | 2.4pp |
| EPS (Diluted) | $1.10 | $1.12 | $0.86 | -1.8% | 27.9% |
| Free Cash Flow | $49M | $27M | $19M | 80.5% | 154.1% |
| Item | Amount |
|---|---|
| REVENUE | $237M |
| Cost of Revenue | $183M |
| GROSS PROFIT | $54M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $204M |
| OPERATING INCOME | $33M |
| Interest Income | $0 |
| Interest Expense | $717.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $7M |
| EBIT | $33M |
| EBITDA | $40M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $237M |
| Cost of Revenue | $183M |
| GROSS PROFIT | $54M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $204M |
| OPERATING INCOME | $33M |
| Interest Income | $0 |
| Interest Expense | $717.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $7M |
| EBIT | $33M |
| EBITDA | $40M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $810.0K |
| Change in Working Capital | $25M |
| OPERATING CASH FLOW | $58M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $291.0K |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$29M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$42M |
| FREE CASH FLOW | $49M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $125M |
| Inventory | $69M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $207M |
| PP&E (Net) | $204M |
| Goodwill | $77M |
| Intangible Assets | $71M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $368M |
| TOTAL ASSETS | $575M |
| Account Payables | $61M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $94M |
| Long-Term Debt | $50M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $24M |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $98M |
| TOTAL LIABILITIES | $193M |
| Common Stock | $208.0K |
| Additional Paid-In Capital | $36M |
| Retained Earnings | $343M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $383M |
| Minority Interest | $0 |
| TOTAL EQUITY | $383M |
| TOTAL LIABILITIES & EQUITY | $575M |
| Total Debt | $69M |
| Net Debt | $58M |
