| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $599M | $655M | $537M | -8.5% | 11.6% |
| Op. Income | $37M | $47M | $27M | -22.7% | 37.2% |
| Gross Margin | 15.4% | 16.1% | 14.4% | -0.7pp | 1.0pp |
| Net Margin | 2.5% | 6.8% | 0.8% | -4.3pp | 1.8pp |
| EPS (Diluted) | $0.15 | $0.44 | $0.04 | -65.9% | 276.9% |
| Free Cash Flow | -$95M | $118M | -$54M | -180.8% | -77.4% |
| Item | Amount |
|---|---|
| REVENUE | $599M |
| Cost of Revenue | $507M |
| GROSS PROFIT | $92M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $56M |
| Other Expenses | $0 |
| Operating Expenses | $56M |
| Cost & Expenses | $562M |
| OPERATING INCOME | $37M |
| Interest Income | $3M |
| Interest Expense | $9M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $27M |
| EBIT | $41M |
| EBITDA | $68M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $599M |
| Cost of Revenue | $507M |
| GROSS PROFIT | $92M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $56M |
| Other Expenses | $0 |
| Operating Expenses | $56M |
| Cost & Expenses | $562M |
| OPERATING INCOME | $37M |
| Interest Income | $3M |
| Interest Expense | $9M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $27M |
| EBIT | $41M |
| EBITDA | $68M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$115M |
| OPERATING CASH FLOW | -$70M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$112.0K |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$95M |
| Net Change in Cash | -$107M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $355M |
| Short-Term Investments | $0 |
| Net Receivables | $577M |
| Inventory | $217M |
| Other Current Assets | $89M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $821M |
| Goodwill | $34M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $136M |
| TOTAL NON-CURRENT ASSETS | $991M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $153M |
| Short-Term Debt | $0 |
| Deferred Revenue | $150M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $703M |
| Long-Term Debt | $478M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $92M |
| TOTAL NON-CURRENT LIABILITIES | $896M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $28M |
| Additional Paid-In Capital | $94M |
| Retained Earnings | $1.4B |
| Treasury Stock | -$541M |
| Accum. Other Comp. Income | -$398M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $623M |
| Minority Interest | $6M |
| TOTAL EQUITY | $629M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $912M |
| Net Debt | $557M |
