| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $426M | $385M | $399M | 10.5% | 6.8% |
| Op. Income | $35M | $22M | $35M | 58.9% | 0.0% |
| Gross Margin | 18.3% | 18.5% | 22.3% | -0.2pp | -4.1pp |
| Net Margin | 4.5% | 3.5% | 6.0% | 1.0pp | -1.6pp |
| EPS (Diluted) | $0.91 | $0.64 | $1.15 | 42.2% | -20.9% |
| Free Cash Flow | -$2M | -$40M | -$655.0K | 95.4% | -183.7% |
| Item | Amount |
|---|---|
| REVENUE | $426M |
| Cost of Revenue | $348M |
| GROSS PROFIT | $78M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $1M |
| Operating Expenses | $42M |
| Cost & Expenses | $390M |
| OPERATING INCOME | $35M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $17M |
| EBIT | $31M |
| EBITDA | $48M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $426M |
| Cost of Revenue | $348M |
| GROSS PROFIT | $78M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $1M |
| Operating Expenses | $42M |
| Cost & Expenses | $390M |
| OPERATING INCOME | $35M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $17M |
| EBIT | $31M |
| EBITDA | $48M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $179.0K |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | $9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$389.0K |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $185M |
| Inventory | $463M |
| Other Current Assets | $74M |
| TOTAL CURRENT ASSETS | $739M |
| PP&E (Net) | $588M |
| Goodwill | $320M |
| Intangible Assets | $126M |
| Long-Term Investments | $3M |
| Tax Assets | $5M |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $117M |
| Short-Term Debt | $39M |
| Deferred Revenue | $16M |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $227M |
| Long-Term Debt | $446M |
| Deferred Revenue NC | $89M |
| Deferred Tax Liabilities | $21M |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $669M |
| TOTAL LIABILITIES | $897M |
| Common Stock | $329M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $881M |
| Treasury Stock | -$259M |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $907M |
| Minority Interest | $0 |
| TOTAL EQUITY | $907M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $556M |
| Net Debt | $539M |
