| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $369M | $349M | $356M | 5.8% | 3.8% |
| Op. Income | $51M | $41M | $53M | 23.3% | -3.7% |
| Gross Margin | 33.8% | 32.0% | 35.1% | 1.8pp | -1.3pp |
| Net Margin | 9.1% | 8.4% | 10.4% | 0.8pp | -1.3pp |
| EPS (Diluted) | $0.80 | $0.69 | $0.88 | 15.9% | -9.1% |
| Free Cash Flow | -$25M | -$30M | -$14M | 16.8% | -85.8% |
| Item | Amount |
|---|---|
| REVENUE | $369M |
| Cost of Revenue | $244M |
| GROSS PROFIT | $125M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $74M |
| Other Expenses | $0 |
| Operating Expenses | $74M |
| Cost & Expenses | $318M |
| OPERATING INCOME | $51M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $14M |
| EBIT | $51M |
| EBITDA | $65M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $369M |
| Cost of Revenue | $244M |
| GROSS PROFIT | $125M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $74M |
| Other Expenses | $0 |
| Operating Expenses | $74M |
| Cost & Expenses | $318M |
| OPERATING INCOME | $51M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $14M |
| EBIT | $51M |
| EBITDA | $65M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $34M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $8.0K |
| Change in Working Capital | -$51M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $1.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$602.0K |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | $49M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$17M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | -$25M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $0 |
| Net Receivables | $313M |
| Inventory | $574M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $960M |
| PP&E (Net) | $494M |
| Goodwill | $419M |
| Intangible Assets | $19M |
| Long-Term Investments | $0 |
| Tax Assets | $35M |
| Other Non-Current Assets | $96M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $121M |
| Short-Term Debt | $25M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $235M |
| Long-Term Debt | $680M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $64M |
| TOTAL NON-CURRENT LIABILITIES | $760M |
| TOTAL LIABILITIES | $995M |
| Common Stock | $5M |
| Additional Paid-In Capital | $113M |
| Retained Earnings | $1.7B |
| Treasury Stock | -$624M |
| Accum. Other Comp. Income | -$184M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $705M |
| Net Debt | $681M |
