TaskUs Q1 revenue $227.5M, beats guidance; raises full-year revenue guidance by $25M

TaskUs, Inc.

2024-Q1 EPS reported $0.13 revenue$227,470,000

Q1 revenue $227.5M (down 3.3% YoY) exceeded top end of guidance; GAAP net income $11.7M ($0.13 EPS), non-GAAP adj. net income $27.3M ($0.30 adj. EPS).
Adjusted EBITDA $50.6M (22.2% margin), free cash flow $47.6M (94.1% conversion of Adj. EBITDA).
Full-year 2024 revenue guidance raised to $925M-$950M (midpoint $937.5M), implying ~1.4% YoY growth; Q2 revenue guided $230M-$232M.
Repurchased 0.3M shares in Q1; net debt to Adj. EBITDA leverage 0.4x.
Added 1,400 teammates in Q1, ending quarter with 49,600; named leader in Everest Group assessments.

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

TaskUs, Inc. reported first quarter ended March 31, 2024 results: revenue $227.5 million, net income $11.7 million, EPS $0.13. Guidance raised.

Period: first quarter ended March 31, 2024
Revenue: $227.5 million
Net income: $11.7 million
EPS: $0.13
Guidance: raised
Result: reported results

Exact text from the filing

TaskUs Announces Fiscal First Quarter 2024 Results NEW BRAUNFELS, Texas, May 8, 2024 — TaskUs, Inc. (Nasdaq: TASK), a leading provider of outsourced digital services and next-generation customer experience to the world’s most innovative companies, today announced its results for the first quarter ended March 31, 2024. • Total revenues of $227.5 million. • GAAP net income of $11.7 million , GAAP net income margin of 5.1%. • Non-GAAP Adjusted Net Income of $27.3 million , non-GAAP Adjusted Net Income margin of 12.0%. • GAAP diluted EPS of $0.13 , non-GAAP Adjusted EPS of $0.30.

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Source: SEC EDGAR

accession 0001829864-24-000077

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