| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.0B | 1.5% | 23.3% |
| Op. Income | $148M | $121M | $75M | 22.3% | 98.3% |
| Gross Margin | 22.6% | 19.3% | 18.5% | 3.2pp | 4.0pp |
| Net Margin | 9.1% | 7.6% | 5.2% | 1.5pp | 3.9pp |
| EPS (Diluted) | $1.60 | $1.34 | $0.74 | 19.4% | 116.2% |
| Free Cash Flow | -$11M | $126M | -$72M | -108.9% | 84.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $957M |
| GROSS PROFIT | $279M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $132M |
| Other Expenses | -$1M |
| Operating Expenses | $131M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $148M |
| Interest Income | $2M |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $133M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $3M |
| Other Adjustments | $0 |
| NET INCOME | $113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $110M |
| D&A | $12M |
| EBIT | $148M |
| EBITDA | $160M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $957M |
| GROSS PROFIT | $279M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $132M |
| Other Expenses | -$1M |
| Operating Expenses | $131M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $148M |
| Interest Income | $2M |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $133M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $3M |
| Other Adjustments | $0 |
| NET INCOME | $113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $110M |
| D&A | $12M |
| EBIT | $148M |
| EBITDA | $160M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $113M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$116M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | -$10M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $600.0K |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | $100.0K |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$32M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $254M |
| Short-Term Investments | $0 |
| Net Receivables | $630M |
| Inventory | $1.1B |
| Other Current Assets | $123M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $479M |
| Goodwill | $287M |
| Intangible Assets | $17M |
| Long-Term Investments | $1M |
| Tax Assets | -$1M |
| Other Non-Current Assets | $408M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $687M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $362M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $775M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $161M |
| TOTAL NON-CURRENT LIABILITIES | $936M |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $900.0K |
| Additional Paid-In Capital | $869M |
| Retained Earnings | $1.3B |
| Treasury Stock | -$563M |
| Accum. Other Comp. Income | -$315M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $777M |
| Net Debt | $523M |
