The company said revenue for Q1 2024 was $1,473 million (+4.5%) and net income was $211 million (-28.8%), with the 3-month period ended March 31. Net income for Q1 2023 was $296 million.

1. 01

   The company said revenue for Q1 2024 was $1,473 million (+4.5%) and net income was $211 million (-28.8%), with the 3-month period ended March 31. Net income for Q1 2023 was $296 million.

2. 02

   The company said its operating income for Q1 2023 included a gain of $139 million on the February 2023 divestiture. Adjusted EBITDA was $382 million for Q1 2024 and $379 million for Q1 2023.

3. 03

   The company said operating cash flow for Q1 2024 was $189 million (+14.7%) and free cash flow was $166 million (+15.8%). It defined free cash flow as operating cash flow less capital expenditures of $23 million.

4. 04

   The company said it repurchased 0.5 million common shares for $225 million in Q1 2024. Contract value was $4.9 billion, +6.9% on an FX neutral basis.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.