| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.0B | 1.9% | 12.8% |
| Op. Income | $69M | $85M | $67M | -18.4% | 3.6% |
| Gross Margin | 20.8% | 22.0% | 22.5% | -1.2pp | -1.7pp |
| Net Margin | 3.9% | 5.1% | 3.9% | -1.2pp | 0.0pp |
| EPS (Diluted) | $0.26 | $0.32 | $0.21 | -18.8% | 23.8% |
| Free Cash Flow | -$75M | $31M | $84M | -340.0% | -188.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $908M |
| GROSS PROFIT | $239M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $155M |
| Other Expenses | $15M |
| Operating Expenses | $169M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $69M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $15M |
| EBIT | $70M |
| EBITDA | $85M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $908M |
| GROSS PROFIT | $239M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $155M |
| Other Expenses | $15M |
| Operating Expenses | $169M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $69M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $15M |
| EBIT | $70M |
| EBITDA | $85M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $45M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$150M |
| OPERATING CASH FLOW | -$69M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$40M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$50M |
| FREE CASH FLOW | -$75M |
| Net Change in Cash | -$124M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $220M |
| Short-Term Investments | $0 |
| Net Receivables | $574M |
| Inventory | $242M |
| Other Current Assets | $95M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $209M |
| Goodwill | $1.5B |
| Intangible Assets | $327M |
| Long-Term Investments | $33M |
| Tax Assets | $38M |
| Other Non-Current Assets | -$27M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $3.2B |
| Account Payables | $486M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $637M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $38M |
| Other Non-Current Liabilities | $89.0K |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $502M |
| Treasury Stock | -$295M |
| Accum. Other Comp. Income | $17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $1.2B |
| Net Debt | $951M |
