TTEC Q1 revenue down 8.9% to $576.6M; GAAP EPS $0.01, non-GAAP $0.27; reiterates FY outlook

TTEC Holdings, Inc.

2024-Q1 EPS reported -$0.05 revenue$576,638,000

Revenue $576.6M vs $633.3M prior year; GAAP operating income $22.7M (3.9% revenue) vs $44.4M.
GAAP diluted EPS $0.01, non-GAAP diluted EPS $0.27; Adjusted EBITDA $54.9M (9.5% revenue) down from $82.9M.
TTEC Engage segment revenue down 10.0% to $464.6M; TTEC Digital revenue down 4.2% to $112.0M.
Full year 2024 guidance reaffirmed: revenue $2.275-2.365B, non-GAAP adjusted EBITDA $215-259M.
Operating cash flow negative $15.6M; net debt $865.3M, up from $781.8M a year ago.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TTEC Holdings, Inc. reported first quarter 2024 results: revenue $576.6 Million, net income $0.5 Million, EPS $0.01. Guidance reaffirmed.

Period: first quarter 2024
Revenue: $576.6 Million
Net income: $0.5 Million
EPS: $0.01
Guidance: reaffirmed
Result: reported results

Exact text from the filing

TTEC Announces First Quarter 2024 Financial Results First Quarter 2024 Revenue was $576.6 Million, down 8.9 Percent Operating Income was $22.7 Million or 3.9 Percent of Revenue ($37.9 Million or 6.6 Percent of Revenue Non-GAAP) Net Income was $0.5 Million or 0.1 Percent of Revenue ($12.6 Million or 2.2 Percent of Revenue Non-GAAP) Adjusted EBITDA was $54.9 Million or 9.5 Percent of Revenue Fully Diluted EPS was $0.01 ($0.27 Non-GAAP) Reiterates Outlook for Full Year 2024

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Source: SEC EDGAR

accession 0001104659-24-059373

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