| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $443M | $435M | $449M | 1.8% | -1.5% |
| Op. Income | $37M | $39M | $20M | -5.7% | 88.4% |
| Gross Margin | 20.6% | 20.9% | 16.8% | -0.3pp | 3.9pp |
| Net Margin | 5.8% | 6.6% | 3.1% | -0.8pp | 2.7pp |
| EPS (Diluted) | $1.23 | $1.38 | $0.68 | -10.9% | 80.9% |
| Free Cash Flow | $8M | $58M | -$33M | -86.1% | 124.3% |
| Item | Amount |
|---|---|
| REVENUE | $443M |
| Cost of Revenue | $351M |
| GROSS PROFIT | $91M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $7M |
| Operating Expenses | $54M |
| Cost & Expenses | $406M |
| OPERATING INCOME | $37M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $15M |
| EBIT | $38M |
| EBITDA | $53M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $443M |
| Cost of Revenue | $351M |
| GROSS PROFIT | $91M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $7M |
| Operating Expenses | $54M |
| Cost & Expenses | $406M |
| OPERATING INCOME | $37M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $15M |
| EBIT | $38M |
| EBITDA | $53M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$52.0K |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$677.0K |
| OPERATING CASH FLOW | $38M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $212.0K |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | -$106.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $208M |
| Inventory | $434M |
| Other Current Assets | $42M |
| TOTAL CURRENT ASSETS | $700M |
| PP&E (Net) | $532M |
| Goodwill | $320M |
| Intangible Assets | $140M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $127M |
| Short-Term Debt | $28M |
| Deferred Revenue | $20M |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $246M |
| Long-Term Debt | $405M |
| Deferred Revenue NC | $110M |
| Deferred Tax Liabilities | $28M |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $650M |
| TOTAL LIABILITIES | $896M |
| Common Stock | $298M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $792M |
| Treasury Stock | -$232M |
| Accum. Other Comp. Income | -$42M |
| Other Equity | $5M |
| TOTAL STOCKHOLDERS' EQUITY | $822M |
| Minority Interest | $0 |
| TOTAL EQUITY | $822M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $505M |
| Net Debt | $489M |
