| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $509M | $649M | $459M | -21.6% | 10.8% |
| Op. Income | $59M | $99M | $39M | -40.4% | 53.7% |
| Gross Margin | 39.6% | 39.4% | 38.9% | 0.3pp | 0.7pp |
| Net Margin | 9.1% | 11.8% | 6.7% | -2.7pp | 2.4pp |
| EPS (Diluted) | $0.75 | $1.23 | $0.50 | -39.0% | 50.0% |
| Free Cash Flow | $13M | $100M | $17M | -86.7% | -21.0% |
| Item | Amount |
|---|---|
| REVENUE | $509M |
| Cost of Revenue | $307M |
| GROSS PROFIT | $202M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $142M |
| Other Expenses | $0 |
| Operating Expenses | $142M |
| Cost & Expenses | $450M |
| OPERATING INCOME | $59M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $10M |
| EBIT | $59M |
| EBITDA | $66M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $509M |
| Cost of Revenue | $307M |
| GROSS PROFIT | $202M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $142M |
| Other Expenses | $0 |
| Operating Expenses | $142M |
| Cost & Expenses | $450M |
| OPERATING INCOME | $59M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $10M |
| EBIT | $59M |
| EBITDA | $66M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $46M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$249.0K |
| Other Non-Cash Items | $64M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $140.0K |
| Purchases of Investments | -$96M |
| Sales/Maturities of Investments | $54M |
| Other Investing Activities | -$69M |
| NET CASH FROM INVESTING | -$69M |
| Net Debt Issuance | -$382.0K |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$292.0K |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | $13M |
| Net Change in Cash | -$54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $212M |
| Short-Term Investments | $129M |
| Net Receivables | $916.0K |
| Inventory | $527M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $879M |
| PP&E (Net) | $755M |
| Goodwill | $445M |
| Intangible Assets | $231M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $103M |
| Short-Term Debt | $599.0K |
| Deferred Revenue | $14M |
| Other Current Liabilities | $36M |
| TOTAL CURRENT LIABILITIES | $311M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $72M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $468M |
| TOTAL LIABILITIES | $779M |
| Common Stock | $67.0K |
| Additional Paid-In Capital | $698M |
| Retained Earnings | $1.2B |
| Treasury Stock | -$380M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $487M |
| Net Debt | $275M |
