| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $603M | $508M | $497M | 18.6% | 21.2% |
| Op. Income | $34M | $30M | $18M | 13.9% | 88.0% |
| Gross Margin | 20.4% | 20.9% | 17.8% | -0.5pp | 2.6pp |
| Net Margin | 3.4% | 3.2% | 3.0% | 0.1pp | 0.3pp |
| EPS (Diluted) | $0.57 | $0.46 | $0.42 | 23.9% | 35.7% |
| Free Cash Flow | -$44M | $5M | -$8M | -1020.8% | -452.5% |
| Item | Amount |
|---|---|
| REVENUE | $603M |
| Cost of Revenue | $480M |
| GROSS PROFIT | $123M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $1M |
| Operating Expenses | $89M |
| Cost & Expenses | $568M |
| OPERATING INCOME | $34M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $15M |
| EBIT | $24M |
| EBITDA | $39M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $603M |
| Cost of Revenue | $480M |
| GROSS PROFIT | $123M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $1M |
| Operating Expenses | $89M |
| Cost & Expenses | $568M |
| OPERATING INCOME | $34M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $15M |
| EBIT | $24M |
| EBITDA | $39M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$51M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | $700.0K |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | -$44M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $0 |
| Net Receivables | $284M |
| Inventory | $727M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $383M |
| Goodwill | $79M |
| Intangible Assets | $126M |
| Long-Term Investments | -$5M |
| Tax Assets | $5M |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $632M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $298M |
| Short-Term Debt | $7M |
| Deferred Revenue | $20M |
| Other Current Liabilities | $65M |
| TOTAL CURRENT LIABILITIES | $585M |
| Long-Term Debt | $381M |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $106M |
| TOTAL NON-CURRENT LIABILITIES | $537M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $608M |
| Retained Earnings | $141M |
| Treasury Stock | -$68M |
| Accum. Other Comp. Income | -$102M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $579M |
| Minority Interest | $0 |
| TOTAL EQUITY | $579M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $419M |
| Net Debt | $393M |
