TaskUs Q1 revenue $235.3M, GAAP EPS $0.09; board adds $100M to buyback

TaskUs, Inc.

2023-Q1 EPS reported $0.09 revenue$235,306,000

Q1 revenue $235.3M (-1.8% YoY); GAAP net income $9.5M ($0.09 diluted EPS); Adjusted EPS $0.32.
Adjusted EBITDA $55.2M (23.5% margin, +90bps YoY); Free Cash Flow $38.4M, 69.6% EBITDA conversion.
Board increased share repurchase authorization by $100M to $200M; $155.1M remaining as of May 5.
Q2 revenue outlook $226-228M; full-year revenue $925-950M; Adjusted EBITDA margin guided to 23.5% for FY.
Repurchased 0.4M shares in Q1; net debt/EBITDA leverage 0.4x.

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 0.9

TaskUs, Inc. updated its the first quarter ended March 31, 2023 guidance (lowered).

Period: the first quarter ended March 31, 2023
Guidance: lowered
Result: reported results

Exact text from the filing

On May 8, 2023, TaskUs, Inc. (the “Company”) issued a press release announcing earnings for the first quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001829864-23-000060

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