GEE Group Q3 net income $7.9M boosted by $6.8M tax benefit; revenue falls 7% YoY

GEE Group Inc.

2023-Q3 EPS reported $0.08 revenue$118,178,000

Q3 consolidated revenue $38.2M, down 7% YoY; direct hire revenue dropped to $5.2M from $8.0M.
Adjusted EBITDA $2.1M vs $4.2M prior year; company cites record 2022 direct hire and inflation.
Net income $7.9M ($0.07 dil.) includes $6.8M deferred tax benefit; excluding it, net income declined.
Company repurchased nearly 1.5M shares under $20M buyback plan authorized in May.
Cash $20.7M, zero debt, working capital $31.3M; cost reductions with ~$4M annual savings implemented.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GEE Group Inc. reported the fiscal 2023 third quarter ended June 30, 2023 results: net income $7.9 million, or $0.07 per diluted share, EPS $0.07 per diluted share.

Period: the fiscal 2023 third quarter ended June 30, 2023
Net income: $7.9 million, or $0.07 per diluted share
EPS: $0.07 per diluted share
Result: reported results

Exact text from the filing

On August 14, 2023, GEE Group Inc. (the “Company”) (NYSE American: JOB) issued a press release announcing financial results for the third quarter ended June 30, 2023.

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GEE Group Inc. filing history →

Source: SEC EDGAR

accession 0001477932-23-006101

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