| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $515M | $596M | $621M | -13.6% | -17.0% |
| Op. Income | $30M | $61M | $70M | -51.6% | -57.7% |
| Gross Margin | 14.8% | 18.2% | 18.7% | -3.3pp | -3.8pp |
| Net Margin | 3.5% | 8.5% | 8.2% | -4.9pp | -4.7pp |
| EPS (Diluted) | $0.39 | $1.07 | $1.04 | -63.6% | -62.5% |
| Free Cash Flow | -$37M | $106M | $38M | -134.6% | -196.1% |
| Item | Amount |
|---|---|
| REVENUE | $515M |
| Cost of Revenue | $439M |
| GROSS PROFIT | $76M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $37M |
| SG&A Expenses | $44M |
| Other Expenses | $3M |
| Operating Expenses | $47M |
| Cost & Expenses | $486M |
| OPERATING INCOME | $30M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $13M |
| EBIT | $30M |
| EBITDA | $42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $515M |
| Cost of Revenue | $439M |
| GROSS PROFIT | $76M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $37M |
| SG&A Expenses | $44M |
| Other Expenses | $3M |
| Operating Expenses | $47M |
| Cost & Expenses | $486M |
| OPERATING INCOME | $30M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $13M |
| EBIT | $30M |
| EBITDA | $42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$50M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | -$5.0K |
| Common Stock Repurchased | -$22M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$596.0K |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | -$63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $116M |
| Short-Term Investments | $0 |
| Net Receivables | $256M |
| Inventory | $279M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $687M |
| PP&E (Net) | $336M |
| Goodwill | $188M |
| Intangible Assets | $83M |
| Long-Term Investments | $161.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $84M |
| TOTAL NON-CURRENT ASSETS | $691M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $212M |
| Short-Term Debt | $0 |
| Deferred Revenue | $34M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $369M |
| Long-Term Debt | $397M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $464M |
| TOTAL LIABILITIES | $832M |
| Common Stock | $780.0K |
| Additional Paid-In Capital | $681M |
| Retained Earnings | $419M |
| Treasury Stock | -$555M |
| Accum. Other Comp. Income | $32.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $546M |
| Minority Interest | $120.0K |
| TOTAL EQUITY | $546M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $406M |
| Net Debt | $290M |
