| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.6B | $1.5B | -6.6% | -0.8% |
| Op. Income | $60M | $72M | $96M | -16.7% | -37.7% |
| Gross Margin | 23.6% | 23.3% | 24.9% | 0.2pp | -1.3pp |
| Net Margin | 2.9% | 3.3% | 4.6% | -0.4pp | -1.7pp |
| EPS (Diluted) | $2.28 | $2.83 | $3.65 | -19.4% | -37.5% |
| Free Cash Flow | -$48M | $53M | -$2M | -190.0% | -2198.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $349M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $290M |
| SG&A Expenses | $290M |
| Other Expenses | -$652.9K |
| Operating Expenses | $289M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $60M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $29M |
| EBIT | $63M |
| EBITDA | $92M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $349M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $290M |
| SG&A Expenses | $290M |
| Other Expenses | -$652.9K |
| Operating Expenses | $289M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $60M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $29M |
| EBIT | $63M |
| EBITDA | $92M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $498.7K |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$63M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $812.6K |
| NET CASH FROM INVESTING | -$62M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$48M |
| Net Change in Cash | -$54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $275M |
| Short-Term Investments | $0 |
| Net Receivables | $117M |
| Inventory | $501M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $911M |
| PP&E (Net) | $1.5B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $48M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $181M |
| Short-Term Debt | $18M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $283M |
| Long-Term Debt | $529M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $65M |
| Other Non-Current Liabilities | $51M |
| TOTAL NON-CURRENT LIABILITIES | $680M |
| TOTAL LIABILITIES | $963M |
| Common Stock | $949.7K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $590M |
| Net Debt | $315M |
