Investor Presentaiton
Fiscal 3rd Quarter 2024 Results (non-GAAP)
Revenue of $1.77 billion; declined 21.7% QoQ and 18.6% YoY
Gross margin of 63.8%; TTM gross margin of 67.3%
➤ Operating margin of 41.2%; TTM operating margin of 46.6%
Earnings per share of $1.08; TTM EPS of $5.99
Reduced total debt by $392 million
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– Cumulatively paid down ~$7.1 billion of debt over the last 22 quarters
Adj. TTM EBITDA of $4.26 billion representing 49.9% of TTM revenue
Achieved net debt to adj. EBITDA ratio of 1.27
Total cash return of $352 million
- Share repurchases of $114.6 million and Dividends of $237.4 million
Announced record dividend of 45.0 cents per share for Q4FY24 and
planned share repurchases of $386.8 million
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**Adjusted EBITDA is as defined in the Company's Amended and Restated Credit Agreement dated as of December 16, 2021.
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