| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $944M | $962M | $858M | -1.9% | 10.1% |
| Op. Income | $35M | $27M | $30M | 27.2% | 15.0% |
| Gross Margin | 12.0% | 11.5% | 11.8% | 0.5pp | 0.2pp |
| Net Margin | 2.5% | 2.1% | 2.6% | 0.5pp | -0.0pp |
| EPS (Diluted) | $0.94 | $0.78 | $0.86 | 20.5% | 9.3% |
| Free Cash Flow | -$50M | -$82M | -$58M | 38.9% | 13.5% |
| Item | Amount |
|---|---|
| REVENUE | $944M |
| Cost of Revenue | $830M |
| GROSS PROFIT | $113M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $72M |
| Other Expenses | $7M |
| Operating Expenses | $79M |
| Cost & Expenses | $909M |
| OPERATING INCOME | $35M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $7M |
| EBIT | $36M |
| EBITDA | $43M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $944M |
| Cost of Revenue | $830M |
| GROSS PROFIT | $113M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $72M |
| Other Expenses | $7M |
| Operating Expenses | $79M |
| Cost & Expenses | $909M |
| OPERATING INCOME | $35M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $7M |
| EBIT | $36M |
| EBITDA | $43M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $24M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$85M |
| OPERATING CASH FLOW | -$48M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $55M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$596.0K |
| NET CASH FROM FINANCING | $54M |
| FREE CASH FLOW | -$50M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $0 |
| Net Receivables | $745M |
| Inventory | $676M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $37M |
| Goodwill | $212M |
| Intangible Assets | $79M |
| Long-Term Investments | $0 |
| Tax Assets | $13M |
| Other Non-Current Assets | $72M |
| TOTAL NON-CURRENT ASSETS | $413M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $711M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $794M |
| Long-Term Debt | $322M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $379M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $66M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $871M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$110M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $827M |
| Minority Interest | $0 |
| TOTAL EQUITY | $827M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $326M |
| Net Debt | $286M |
