| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $552M | $546M | $557M | 1.0% | -1.0% |
| Op. Income | $71M | $63M | $74M | 11.9% | -3.9% |
| Gross Margin | 23.2% | 22.1% | 22.9% | 1.1pp | 0.4pp |
| Net Margin | 4.8% | 6.8% | 8.1% | -2.0pp | -3.2pp |
| EPS (Diluted) | $0.82 | $1.14 | $1.36 | -28.1% | -39.7% |
| Free Cash Flow | $24M | $9M | $12M | 158.1% | 105.1% |
| Item | Amount |
|---|---|
| REVENUE | $552M |
| Cost of Revenue | $424M |
| GROSS PROFIT | $128M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $57M |
| Cost & Expenses | $481M |
| OPERATING INCOME | $71M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $27M |
| EBIT | $49M |
| EBITDA | $76M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $552M |
| Cost of Revenue | $424M |
| GROSS PROFIT | $128M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $57M |
| Cost & Expenses | $481M |
| OPERATING INCOME | $71M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $27M |
| EBIT | $49M |
| EBITDA | $76M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $46M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $200.0K |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $247M |
| Short-Term Investments | $8M |
| Net Receivables | $420M |
| Inventory | $355M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $1.1B |
| Goodwill | $914M |
| Intangible Assets | $236M |
| Long-Term Investments | $2M |
| Tax Assets | $25M |
| Other Non-Current Assets | $101M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $204M |
| Short-Term Debt | $122M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $146M |
| TOTAL CURRENT LIABILITIES | $472M |
| Long-Term Debt | $921M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $177M |
| Other Non-Current Liabilities | $176M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $5M |
| Additional Paid-In Capital | $491M |
| Retained Earnings | $2.3B |
| Treasury Stock | -$831M |
| Accum. Other Comp. Income | -$383M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $35M |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $1.0B |
| Net Debt | $796M |
