| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $944M | $864M | 7.1% | 17.0% |
| Op. Income | $39M | $35M | $31M | 13.0% | 25.2% |
| Gross Margin | 11.4% | 12.0% | 12.5% | -0.6pp | -1.1pp |
| Net Margin | 2.5% | 2.5% | 2.7% | -0.0pp | -0.1pp |
| EPS (Diluted) | $1.01 | $0.94 | $0.90 | 7.4% | 12.2% |
| Free Cash Flow | -$29M | -$50M | -$20M | 41.5% | -47.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $896M |
| GROSS PROFIT | $115M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $69M |
| Other Expenses | $7M |
| Operating Expenses | $76M |
| Cost & Expenses | $972M |
| OPERATING INCOME | $39M |
| Interest Income | $2M |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $7M |
| EBIT | $41M |
| EBITDA | $48M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $896M |
| GROSS PROFIT | $115M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $69M |
| Other Expenses | $7M |
| Operating Expenses | $76M |
| Cost & Expenses | $972M |
| OPERATING INCOME | $39M |
| Interest Income | $2M |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $7M |
| EBIT | $41M |
| EBITDA | $48M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$62M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $55M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $54M |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | $26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $66M |
| Short-Term Investments | $0 |
| Net Receivables | $780M |
| Inventory | $762M |
| Other Current Assets | $111M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $37M |
| Goodwill | $214M |
| Intangible Assets | $76M |
| Long-Term Investments | $0 |
| Tax Assets | $15M |
| Other Non-Current Assets | $70M |
| TOTAL NON-CURRENT ASSETS | $411M |
| TOTAL ASSETS | $2.1B |
| Account Payables | $749M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $837M |
| Long-Term Debt | $378M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $51M |
| TOTAL NON-CURRENT LIABILITIES | $431M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $68M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $897M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$103M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $862M |
| Minority Interest | $0 |
| TOTAL EQUITY | $862M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $383M |
| Net Debt | $316M |
