| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $421M | $403M | $435M | 4.5% | -3.1% |
| Op. Income | $28M | $37M | $39M | -24.3% | -29.5% |
| Gross Margin | 18.9% | 22.1% | 20.9% | -3.1pp | -2.0pp |
| Net Margin | 4.6% | 6.6% | 6.6% | -2.0pp | -2.0pp |
| EPS (Diluted) | $0.93 | $1.27 | $1.38 | -26.8% | -32.6% |
| Free Cash Flow | $35M | -$18M | $58M | 297.7% | -40.7% |
| Item | Amount |
|---|---|
| REVENUE | $421M |
| Cost of Revenue | $341M |
| GROSS PROFIT | $80M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $6M |
| Operating Expenses | $52M |
| Cost & Expenses | $393M |
| OPERATING INCOME | $28M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $238.0K |
| 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 | $13M |
| EBIT | $28M |
| EBITDA | $42M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $421M |
| Cost of Revenue | $341M |
| GROSS PROFIT | $80M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $6M |
| Operating Expenses | $52M |
| Cost & Expenses | $393M |
| OPERATING INCOME | $28M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $238.0K |
| 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 | $13M |
| EBIT | $28M |
| EBITDA | $42M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$728.0K |
| Change in Working Capital | $30M |
| OPERATING CASH FLOW | $60M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $237.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | -$36M |
| Common Stock Repurchased | -$133.0K |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$39M |
| FREE CASH FLOW | $35M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $193M |
| Inventory | $442M |
| Other Current Assets | $62M |
| TOTAL CURRENT ASSETS | $709M |
| PP&E (Net) | $572M |
| Goodwill | $321M |
| Intangible Assets | $134M |
| Long-Term Investments | $558.0K |
| Tax Assets | $5M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $126M |
| Short-Term Debt | $46M |
| Deferred Revenue | $14M |
| Other Current Liabilities | $38M |
| TOTAL CURRENT LIABILITIES | $255M |
| Long-Term Debt | $388M |
| Deferred Revenue NC | $104M |
| Deferred Tax Liabilities | $20M |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $623M |
| TOTAL LIABILITIES | $878M |
| Common Stock | $309M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $854M |
| Treasury Stock | -$238M |
| Accum. Other Comp. Income | -$41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $885M |
| Minority Interest | $0 |
| TOTAL EQUITY | $885M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $501M |
| Net Debt | $488M |
