secwatch.observer — SEC 8-K summary
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Issuer:     TTEC Holdings, Inc. (TTEC)
CIK:        0001013880
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0001104659-24-087830
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TTEC Q2 GAAP loss $6.23/sh on $233.5M impairment, revenue down 11%; lowers FY guidance
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- Q2 GAAP net loss $296.8M ($6.23 diluted loss per share) vs prior year net income of $3.8M ($0.08 EPS); includes $233.5M non-cash goodwill impairment.
- Revenue fell 11.0% YoY to $534.1M; Engage segment revenue down 13.5%, Digital down 1.0%.
- Non-GAAP operating income $29.5M (5.5% of revenue) vs $50.6M (8.4%) in Q2 2023; Adjusted EBITDA $46.2M (8.7%) vs $67.2M (11.2%).
- Updated FY 2024 guidance: revenue $2,210M-$2,260M, Non-GAAP EBITDA $201M-$217M, Non-GAAP EPS $0.74-$0.97.
- Net debt rose to $853.4M; revolving credit capacity dropped to ~$100M from $265M a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013880/000110465924087830/0001104659-24-087830-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013880/000110465924087830/tm2421219d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-087830

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