| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $477M | $503M | $459M | -5.2% | 4.0% |
| Op. Income | $43M | $54M | $56M | -20.5% | -23.5% |
| Gross Margin | 23.0% | 24.3% | 25.5% | -1.3pp | -2.5pp |
| Net Margin | 4.3% | 5.3% | 6.6% | -1.0pp | -2.3pp |
| EPS (Diluted) | $0.35 | $0.45 | $0.51 | -22.2% | -31.4% |
| Free Cash Flow | -$25M | -$800.0K | $60M | -3075.0% | -142.7% |
| Item | Amount |
|---|---|
| REVENUE | $477M |
| Cost of Revenue | $367M |
| GROSS PROFIT | $110M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $67M |
| Cost & Expenses | $434M |
| OPERATING INCOME | $43M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $30M |
| EBIT | $44M |
| EBITDA | $74M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $477M |
| Cost of Revenue | $367M |
| GROSS PROFIT | $110M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $67M |
| Cost & Expenses | $434M |
| OPERATING INCOME | $43M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $30M |
| EBIT | $44M |
| EBITDA | $74M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $21M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$55M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$55M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $26M |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | -$25M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $0 |
| Net Receivables | $281M |
| Inventory | $285M |
| Other Current Assets | $78M |
| TOTAL CURRENT ASSETS | $678M |
| PP&E (Net) | $1.0B |
| Goodwill | $74M |
| Intangible Assets | $23M |
| Long-Term Investments | $5M |
| Tax Assets | $44M |
| Other Non-Current Assets | $42M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $186M |
| Short-Term Debt | $174M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $61M |
| TOTAL CURRENT LIABILITIES | $489M |
| Long-Term Debt | $661M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $75M |
| Other Non-Current Liabilities | $180M |
| TOTAL NON-CURRENT LIABILITIES | $916M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $85M |
| Additional Paid-In Capital | $76M |
| Retained Earnings | $461M |
| Treasury Stock | -$63M |
| Accum. Other Comp. Income | -$56M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $504M |
| Minority Interest | $0 |
| TOTAL EQUITY | $504M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $834M |
| Net Debt | $800M |
