DHI Group, Inc. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Full Year of 2017; Provides Tax Rate Guidance for the Quarters of 2017
May 03, 2017 at 12:00 pm
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DHI Group, Inc. announced consolidated unaudited earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenues of $52,190,000 compared with $58,286,000 for the same period a year ago. Operating income was $4,295,000 compared with $2,642,000 for the same period a year ago. Income before income taxes was $3,489,000 compared with $1,755,000 for the same period a year ago. Net income was $1,340,000 compared with $1,111,000 for the same period a year ago. Diluted earnings per share was $0.03 compared with $0.02 for the same period a year ago. Net cash flows from operating activities was $14,519,000 compared with $12,740,000 for the same period a year ago. Purchases of fixed assets was $4,195,000 compared with $2,319,000 for the same period a year ago. Adjusted EBITDA was $10,496,000 compared with $12,866,000 for the same period a year ago. Net debt as on March 31, 2017 was $53.3 million.
The company provided earnings guidance for the full year of 2017. The company expects its year-over-year rate of revenue decline to abate later in 2017. The company plans to increase its level of spending on its core tech business, but expects some offset from efficiencies to be gained in realigning and simplifying its organization.
The company expects the tax rate for the quarters of the year 2017, to revert to the regular rate of approximately 39%, excluding discrete items, and the dilution count to be around 50 million shares.
DHI Group, Inc. is a provider of artificial intelligence (AI)-powered career marketplaces that focus on technology roles. The Companyâs two brands, Dice and ClearanceJobs, enable recruiters and hiring managers to search for and connect with skilled technology professionals based on the skills requested. The Companyâs algorithm manages over 100,000 unique technology skills. Additionally, its marketplaces allow tech professionals to find their next career opportunity, with relevant advice and personalized insights. Its solutions are available individually or bundled in packages, including talent profiles, job postings, employer branding, and other services. Its Websites serve as online two-sided marketplaces where employers and recruiters source and connect with employees, and where technologists find relevant job opportunities, data and information to further their careers. The Companyâs Websites offer job postings, news and content, career development and recruiting services.
DHI Group, Inc. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Full Year of 2017; Provides Tax Rate Guidance for the Quarters of 2017