| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $588M | $574M | $494M | 2.3% | 19.0% |
| Op. Income | $45M | $46M | $44M | -3.2% | 1.7% |
| Gross Margin | 23.8% | 24.2% | 26.0% | -0.4pp | -2.2pp |
| Net Margin | 5.6% | 5.9% | 5.8% | -0.3pp | -0.2pp |
| EPS (Diluted) | $1.22 | $1.27 | $1.07 | -3.9% | 14.0% |
| Free Cash Flow | $29M | -$25M | -$17M | 219.2% | 268.9% |
| Item | Amount |
|---|---|
| REVENUE | $588M |
| Cost of Revenue | $448M |
| GROSS PROFIT | $140M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $95M |
| Operating Expenses | $95M |
| Cost & Expenses | $543M |
| OPERATING INCOME | $45M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $117.0K |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $7M |
| EBIT | $46M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $588M |
| Cost of Revenue | $448M |
| GROSS PROFIT | $140M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $95M |
| Operating Expenses | $95M |
| Cost & Expenses | $543M |
| OPERATING INCOME | $45M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $117.0K |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $7M |
| EBIT | $46M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $33M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $468.0K |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $11M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $181.0K |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | -$59M |
| Common Stock Repurchased | -$887.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$60M |
| FREE CASH FLOW | $29M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $82M |
| Short-Term Investments | $0 |
| Net Receivables | $860M |
| Inventory | $222M |
| Other Current Assets | $105M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $77M |
| Goodwill | $158M |
| Intangible Assets | $47M |
| Long-Term Investments | $69M |
| Tax Assets | $4M |
| Other Non-Current Assets | -$5M |
| TOTAL NON-CURRENT ASSETS | $350M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $296M |
| Short-Term Debt | $212M |
| Deferred Revenue | $119M |
| Other Current Liabilities | $73M |
| TOTAL CURRENT LIABILITIES | $700M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $721.0K |
| Other Non-Current Liabilities | $62M |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $773M |
| Common Stock | $274.0K |
| Additional Paid-In Capital | $173M |
| Retained Earnings | $694M |
| Treasury Stock | -$22M |
| Accum. Other Comp. Income | $766.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $846M |
| Minority Interest | $0 |
| TOTAL EQUITY | $846M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $222M |
| Net Debt | $140M |
