earnings
confidence high
sentiment positive
materiality 0.70
ISG Q2 revenue $65.5M (+6.4% YoY), net income up 51%, expands buyback by $30M
Information Services Group Inc.
- Q2 GAAP revenue $65.5M (+6.4% YoY), net income $3.3M (+51%), GAAP EPS $0.07 (+75%), adjusted EPS $0.10 (+25%).
- Adjusted EBITDA $9.4M (+13%), margin 14.3% (+80 bps); recurring revenue hit new high of $30M.
- Board authorized $30M expansion of share repurchase program; Q3 dividend $0.045/share payable Sept 25.
- Q3 guidance: revenue $63.5M-$64.5M, adjusted EBITDA $8.5M-$9.5M.
- Regional: Americas +7%, Europe +10%, Asia Pacific -7% YoY.