| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $457M | $500M | $420M | -8.8% | 8.8% |
| Op. Income | $53M | $72M | $44M | -26.9% | 20.4% |
| Gross Margin | 23.3% | 25.3% | 21.8% | -2.0pp | 1.5pp |
| Net Margin | 8.7% | 10.0% | 9.2% | -1.3pp | -0.5pp |
| EPS (Diluted) | $0.48 | $0.60 | $0.45 | -20.0% | 6.7% |
| Free Cash Flow | $73M | $21M | $48M | 244.1% | 51.4% |
| Item | Amount |
|---|---|
| REVENUE | $457M |
| Cost of Revenue | $350M |
| GROSS PROFIT | $107M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $400.0K |
| Operating Expenses | $54M |
| Cost & Expenses | $404M |
| OPERATING INCOME | $53M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $31M |
| EBIT | $53M |
| EBITDA | $84M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $457M |
| Cost of Revenue | $350M |
| GROSS PROFIT | $107M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $400.0K |
| Operating Expenses | $54M |
| Cost & Expenses | $404M |
| OPERATING INCOME | $53M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $31M |
| EBIT | $53M |
| EBITDA | $84M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $300.0K |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | $90M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | -$12M |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$52M |
| FREE CASH FLOW | $73M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $98M |
| Short-Term Investments | $0 |
| Net Receivables | $294M |
| Inventory | $376M |
| Other Current Assets | $60M |
| TOTAL CURRENT ASSETS | $828M |
| PP&E (Net) | $1.7B |
| Goodwill | $190M |
| Intangible Assets | $58M |
| Long-Term Investments | $5M |
| Tax Assets | $106M |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $124M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $80M |
| TOTAL CURRENT LIABILITIES | $300M |
| Long-Term Debt | $803M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $106M |
| Other Non-Current Liabilities | $61M |
| TOTAL NON-CURRENT LIABILITIES | $973M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $964M |
| Retained Earnings | $2.3B |
| Treasury Stock | -$1.6B |
| Accum. Other Comp. Income | -$54M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $805M |
| Net Debt | $707M |
