| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $385M | $349M | $369M | 10.1% | 4.2% |
| Op. Income | $49M | $8M | $51M | 512.7% | -2.8% |
| Gross Margin | 32.9% | 28.6% | 33.8% | 4.3pp | -0.9pp |
| Net Margin | 8.0% | -1.7% | 9.1% | 9.7pp | -1.1pp |
| EPS (Diluted) | $0.73 | $-0.14 | $0.80 | 621.4% | -8.8% |
| Free Cash Flow | $4M | $43M | -$25M | -90.4% | 116.2% |
| Item | Amount |
|---|---|
| REVENUE | $385M |
| Cost of Revenue | $258M |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $77M |
| Other Expenses | $0 |
| Operating Expenses | $77M |
| Cost & Expenses | $335M |
| OPERATING INCOME | $49M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $15M |
| EBIT | $49M |
| EBITDA | $64M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $385M |
| Cost of Revenue | $258M |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $77M |
| Other Expenses | $0 |
| Operating Expenses | $77M |
| Cost & Expenses | $335M |
| OPERATING INCOME | $49M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $15M |
| EBIT | $49M |
| EBITDA | $64M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$4.0K |
| Other Non-Cash Items | $996.0K |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $93.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1.0K |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$17M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $298M |
| Inventory | $569M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $943M |
| PP&E (Net) | $498M |
| Goodwill | $421M |
| Intangible Assets | $12M |
| Long-Term Investments | $0 |
| Tax Assets | $38M |
| Other Non-Current Assets | $94M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $105M |
| Short-Term Debt | $19M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $219M |
| Long-Term Debt | $644M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $65M |
| TOTAL NON-CURRENT LIABILITIES | $723M |
| TOTAL LIABILITIES | $942M |
| Common Stock | $5M |
| Additional Paid-In Capital | $112M |
| Retained Earnings | $1.7B |
| Treasury Stock | -$619M |
| Accum. Other Comp. Income | -$176M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $663M |
| Net Debt | $638M |
