| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $753M | $885M | $886M | -14.9% | -15.0% |
| Op. Income | $18M | $27M | $34M | -34.6% | -48.8% |
| Gross Margin | 12.6% | 11.4% | 12.6% | 1.2pp | -0.1pp |
| Net Margin | 1.7% | 3.7% | 2.4% | -2.0pp | -0.7pp |
| EPS (Diluted) | $0.50 | $1.29 | $0.83 | -61.2% | -39.8% |
| Free Cash Flow | $158M | $61M | $53M | 160.0% | 200.1% |
| Item | Amount |
|---|---|
| REVENUE | $753M |
| Cost of Revenue | $658M |
| GROSS PROFIT | $94M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | $10M |
| Operating Expenses | $77M |
| Cost & Expenses | $735M |
| OPERATING INCOME | $18M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | $410.0K |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $7M |
| EBIT | $20M |
| EBITDA | $27M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $753M |
| Cost of Revenue | $658M |
| GROSS PROFIT | $94M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | $10M |
| Operating Expenses | $77M |
| Cost & Expenses | $735M |
| OPERATING INCOME | $18M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | $410.0K |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $7M |
| EBIT | $20M |
| EBITDA | $27M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $138.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $137M |
| OPERATING CASH FLOW | $160M |
| 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 | -$23M |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $180.0K |
| NET CASH FROM FINANCING | -$43M |
| FREE CASH FLOW | $158M |
| Net Change in Cash | $114M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $159M |
| Short-Term Investments | $0 |
| Net Receivables | $590M |
| Inventory | $529M |
| Other Current Assets | $138M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $36M |
| Goodwill | $208M |
| Intangible Assets | $42M |
| Long-Term Investments | $0 |
| Tax Assets | $19M |
| Other Non-Current Assets | $63M |
| TOTAL NON-CURRENT ASSETS | $367M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $556M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $643M |
| Long-Term Debt | $138M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $58M |
| TOTAL NON-CURRENT LIABILITIES | $196M |
| TOTAL LIABILITIES | $839M |
| Common Stock | $46M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $998M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$100M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $944M |
| Minority Interest | $0 |
| TOTAL EQUITY | $944M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $146M |
| Net Debt | -$13M |
