| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $876M | — | $944M | — | -7.2% |
| Op. Income | $24M | — | $35M | — | -31.0% |
| Gross Margin | 12.2% | — | 12.0% | — | 0.1pp |
| Net Margin | 1.8% | — | 2.5% | — | -0.8pp |
| EPS (Diluted) | $0.61 | — | $0.94 | — | -35.1% |
| Free Cash Flow | $91M | — | -$50M | — | 281.6% |
| Item | Amount |
|---|---|
| REVENUE | $876M |
| Cost of Revenue | $770M |
| GROSS PROFIT | $107M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $75M |
| Other Expenses | $7M |
| Operating Expenses | $82M |
| Cost & Expenses | $852M |
| OPERATING INCOME | $24M |
| Interest Income | $1M |
| Interest Expense | $6M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $4M |
| 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 | $7M |
| EBIT | $25M |
| EBITDA | $32M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $876M |
| Cost of Revenue | $770M |
| GROSS PROFIT | $107M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $75M |
| Other Expenses | $7M |
| Operating Expenses | $82M |
| Cost & Expenses | $852M |
| OPERATING INCOME | $24M |
| Interest Income | $1M |
| Interest Expense | $6M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $4M |
| 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 | $7M |
| EBIT | $25M |
| EBITDA | $32M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $63M |
| OPERATING CASH FLOW | $94M |
| 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 | -$82M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$83M |
| FREE CASH FLOW | $91M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $0 |
| Net Receivables | $692M |
| Inventory | $656M |
| Other Current Assets | $117M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $37M |
| Goodwill | $215M |
| Intangible Assets | $64M |
| Long-Term Investments | $0 |
| Tax Assets | $16M |
| Other Non-Current Assets | $59M |
| TOTAL NON-CURRENT ASSETS | $391M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $618M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $701M |
| Long-Term Debt | $240M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $282M |
| TOTAL LIABILITIES | $983M |
| Common Stock | $60M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $952M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$96M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $915M |
| Minority Interest | $0 |
| TOTAL EQUITY | $915M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $248M |
| Net Debt | $205M |
