| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $885M | $876M | $1.0B | 1.0% | -12.5% |
| Op. Income | $27M | $24M | $39M | 11.4% | -32.0% |
| Gross Margin | 11.4% | 12.2% | 11.4% | -0.8pp | -0.0pp |
| Net Margin | 3.7% | 1.8% | 2.5% | 1.9pp | 1.2pp |
| EPS (Diluted) | $1.29 | $0.61 | $1.01 | 111.5% | 27.7% |
| Free Cash Flow | $61M | $91M | -$29M | -33.5% | 306.4% |
| Item | Amount |
|---|---|
| REVENUE | $885M |
| Cost of Revenue | $784M |
| GROSS PROFIT | $101M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | $7M |
| Operating Expenses | $74M |
| Cost & Expenses | $858M |
| OPERATING INCOME | $27M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $7M |
| 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 | $43M |
| EBITDA | $51M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $885M |
| Cost of Revenue | $784M |
| GROSS PROFIT | $101M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | $7M |
| Operating Expenses | $74M |
| Cost & Expenses | $858M |
| OPERATING INCOME | $27M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $7M |
| 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 | $43M |
| EBITDA | $51M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $33M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | $38M |
| OPERATING CASH FLOW | $63M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $18M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $15M |
| Net Debt Issuance | -$80M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$78M |
| FREE CASH FLOW | $61M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $0 |
| Net Receivables | $663M |
| Inventory | $575M |
| Other Current Assets | $122M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $37M |
| Goodwill | $208M |
| Intangible Assets | $45M |
| Long-Term Investments | $0 |
| Tax Assets | $19M |
| Other Non-Current Assets | $66M |
| TOTAL NON-CURRENT ASSETS | $376M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $541M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $611M |
| Long-Term Debt | $161M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $56M |
| TOTAL NON-CURRENT LIABILITIES | $217M |
| TOTAL LIABILITIES | $827M |
| Common Stock | $64M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $985M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$95M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $954M |
| Minority Interest | $0 |
| TOTAL EQUITY | $954M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $169M |
| Net Debt | $124M |
