| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $933M | $905M | $919M | 3.1% | 1.5% |
| Op. Income | $122M | $69M | $82M | 76.8% | 48.8% |
| Gross Margin | 26.7% | 20.9% | 21.5% | 5.8pp | 5.1pp |
| Net Margin | 8.9% | 4.8% | 5.3% | 4.1pp | 3.6pp |
| EPS (Diluted) | $1.98 | $1.02 | $1.14 | 94.1% | 73.7% |
| Free Cash Flow | $62M | -$33M | $33M | 287.9% | 87.9% |
| Item | Amount |
|---|---|
| REVENUE | $933M |
| Cost of Revenue | $684M |
| GROSS PROFIT | $249M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $82M |
| Other Expenses | $45M |
| Operating Expenses | $127M |
| Cost & Expenses | $811M |
| OPERATING INCOME | $122M |
| Interest Income | $3M |
| Interest Expense | $12M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $113M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $37M |
| EBIT | $125M |
| EBITDA | $162M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $933M |
| Cost of Revenue | $684M |
| GROSS PROFIT | $249M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $82M |
| Other Expenses | $45M |
| Operating Expenses | $127M |
| Cost & Expenses | $811M |
| OPERATING INCOME | $122M |
| Interest Income | $3M |
| Interest Expense | $12M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $113M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $37M |
| EBIT | $125M |
| EBITDA | $162M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $115M |
| Capital Expenditure | -$53M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$53M |
| Net Debt Issuance | -$27M |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$60M |
| FREE CASH FLOW | $62M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $145M |
| Short-Term Investments | $0 |
| Net Receivables | $443M |
| Inventory | $412M |
| Other Current Assets | $100M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $1.0B |
| Goodwill | $121M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $456M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $389M |
| Short-Term Debt | $28M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $172M |
| TOTAL CURRENT LIABILITIES | $654M |
| Long-Term Debt | $894M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $162M |
| Other Non-Current Liabilities | $151M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $45M |
| Additional Paid-In Capital | $60M |
| Retained Earnings | $2.3B |
| Treasury Stock | -$195M |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $830M |
| Minority Interest | $0 |
| TOTAL EQUITY | $830M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $922M |
| Net Debt | $777M |
