Earnings call transcript Q2 2023

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Operator

Good afternoon, and welcome to DHI Group Inc.

Second Quarter 2023 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Todd Kehrli of MKR Investor Relations. ahead. go Please

Todd Kehrli

Officer, Good second operator. today's welcome DHI Chief to are Thank earnings afternoon conference XXXX Financial and Zeile; quarter CEO, on Bostick. call. Group's DHI's you, Art and Kevin With call me

available Art, second Before cover Internet for like on The quarter afternoon, issued the financial a over website announcing release the is This broadcast to dhigroupinc.com. a live webcast call items. the This results. I'd press Investor I quick of its call turn the DHI the on to being interested the few fiscal company's is all release will website. company's at page archived and parties over be Relations' XXXX

that involve and note to the information, the except within Please remind historical risks for that laws. that of meaning want statements on Federal constitute call, forward-looking everyone Securities may statements today's management the call statements today's uncertainties. I forward-looking during will make

events management's results These performance, may forward-looking actual contained DHI from subject reflect differ and and in statements concerning materially current statements. the and risks uncertainties, forward-looking are outcomes financial to and any future views

company's DHI no or statements. undertakes obligation uncertainties XX-K Factors uncertainty the these and that or could marketing statements from on Exchange adverse results risks could Commission. include any pandemic development, in impact forward-looking the the reports forward-looking actual discussed and XX-Q in with and Form COVID-XX surrounding to delays the differ periodic other and cause and sales, other Securities filings revise update and

share US in and adjusted including referring that specific per measures, margin, EBITDA, will adjusted adjusted be management call, earnings prepared GAAP. EBITDA accordance are not today's to during Lastly, with diluted financial

GAAP on of available most directly website and measures find at our of in can release, which these the earnings our Relations to Investor section. non-GAAP measures reconciliations copy a are dhigroupinc.com the about you in Information comparable

the now Art call Zeile, over of DHI will Group. to turn I CEO

Art Zeile

conference earnings welcome your today to call. financial outlook. everyone as time quarter our our you, we XXXX second Good and afternoon future discuss We Todd. Thank appreciate and performance

market. sector's state CompTIA, technology the in continued than significantly second was discuss with tech demand to postings According X.X% of in the coincided job the let's numbers tech This with rate decline First, a professionals. the lower previous year. quarter actual in June, for demonstrating unemployment

The ongoing to uncertainty continue suppress hiring view suggests the continues will term challenging in Despite current most the to initiatives. the technology economy invest longer plans. in companies environment,

hire X.X and and Our two the profiles. subscription tools staffing offerings, their agencies best openings from job the our enterprises, and for government and Dice recruiting large necessary with provide ClearanceJobs technologist attract, find, firms, candidate to million

Now, time. our a revenue let our X%, in transactional CJ second we new first quarter. to during the XX%. the quarter, a believe me result pace uncertain total we in faced over the quarter for is Dice increased which lower was significantly revenue revenue, X% decreased revenue quarter. we the that the performance decrease past dig In while lower year-over-year, slower of the compared second have the business quarters XX% growth grew The and by achieved Dice three reflection environment the during economic revenue of into bookings

volume Dice's Dice smaller cycle. quarter. sales intense in see revenue, second the increased and teams in continue transactional new business scrutiny to revenue Excluding the deal pipeline recurring more

today are right are firms business those to financial on that now four road their job laser-focused aerospace, elevated postings consulting, have likely economy. The remain be impacted significant needs that and less health have care. industries services by technology maps We technology tech the because hiring

Management Network. or University Agency, the and like In brought Dice new Accounting Rutgers second Global on clients quarter, Emergency we FEMA, Federal

program. of the United and part our giant States, special the is Additionally, in the manufacturers oldest automotive Dice handling largest now landed of and one new automotive account

their contract year-over-year but annual all This technology we and to Dice expect companies long is environment increase over run. X% economic across in value average industries today X% was a Our investment down challenging sequentially. initiatives increased the

for ceiling and to of CJ delaying the threat military implied quarter Korn clients, debt by Nevertheless, including Rocket Tria quarter, contractors. Federal negotiations bookings negatively Ferry, several government the the affected its the ClearanceJobs during communications. payment were new and added

continue cleared a projects government demand XXXX on tech defense them. expect to have corresponding professionals We volume impact the to to larger for the of budget fiscal and positive fulfill the

Moving on to account management.

from in XXs high rates reported slipped renewal second Our we last revenue the year. the quarter

our and and CJ for Dice the renewal revenue respectively. were rates were XX%, Retention quarter, and the Dice For XXX% XXX%, CJ respectively. for quarter rates XX% and

of of which these created profile for quarter, during Last and a our up second subscriptions their to metrics. of year, many comparable using the clients had tough ran top out

spend. We lower our a smaller of $XX,XXX attrition generally be are seen customers profile seeing consumption pattern continues with number consistent return postings. firms. These on to have are annual job to tech we the with than clients less in The concentrated

EBITDA. to on Moving

quarter, and a second adjusted EBITDA announced we the operating and team an delivered margins. streamline improve margin to intended restructuring our During organizational structure XX% our

of our $XX cost to net targeted sales results. positions, savings will which engineering including XX%. higher $X workforce a is The and restructuring to third and compensation. tend reduction approximately to generate in million, savings management, evident result our by quarter mid-level million those The was of expected have annual be primarily This approximately restructuring

on large our focus our industry-leading opportunities. We market to product offerings to continue penetrate strengthening better

that the of feature a us feature this feature job which believe lower the both Applied For to allows new displayed and Distribution. we candidates We introduced alike. to are a new benefit Dice, postings those will the clients algorithmically called during applications. change candidates to quarter, order number in This postings have promote

platform, candidates. feature. first for we For add throughout engagement recruiters allowing community to our ability introduced the comments the ClearanceJobs, is and true CJ more between This

app space careers more on to also to devices professionals the native are available quarter now is to this as of managing will any CJ the timing announce We the than their launch in excited years security mobile third after at app our The receptive time in be past. mobile that in X.X development. ideal are

tech focus advertising quarter, During community second quarter. Dice also registrations the our campaigns. new the roughly professional through our during drive These we continue brand helped expanding month XX,XXX candidate each campaigns on to

a visits result, our X.X each million month made members, have X.X Dice we and to they million platform. As

Adding virtuous to tech to our marketplaces professionals valuable platforms attracts which employers makes more our a turn professionals, more creating in tech circle.

Persado, Marketing new She wealth marketer the product and companies positioning, During of earlier experience taking a of forward sophistication. in to brand the we the Chief also brings leadership our go-to-market forward-thinking second software Amy Amy quarter, Heidersbach. arrival in CMO CareerBuilder next a Amy's previously sided at in announced development as hands-on We look of the strategy marketplaces. served Alteryx and as her BXB our two to and level career. Officer,

position, we With challenges adapt the market our our to economy summary, growth to strong an ability management, and the the higher path product In environment positioned effective by uncertain posed to macroeconomic navigate as economic acknowledge our well continue expense we and grow. in enhancements but landscape confident ongoing current improves. remain are the

Kevin? will note, our to take let questions our we'll Kevin who and financials take guidance, me through may On you any turn then have. call you and the over that

Kevin Bostick

Thank you, and everyone. Art, good afternoon,

and from total X% the quarter million, Let were was sequentially which for We you $XX.X financial up of was Dice quarter revenue me million, package year-over-year. year-over-year. down $XX.X X,XXX which million revenue and down results bookings and year-over-year. reported down last down is We year-over-year. the flat bookings $XX.X quarter was for X% our $XX.X quarter. sequential which the on X% million, take Dice through customers, X%, with Total both X% XX% year-over-year. down were basis retreatment a ended Dice

Our Dice revenue revenue from $XX,XXX. year-over-year X% down annual is was XX% multiyear of annual and per customer up recurring package and average X% Approximately or contracts. Dice recruitment to sequentially comes

revenue retention which year-over-year. second the our X% XXX%. for up was the For million, ended and was year-over-year. XX% quarter CJ up was were our sequentially customers, Bookings and on and X% with sequential renewal $XX.X basis X,XXX XX% recruitment flat revenue a up X% year-over-year. rate quarter, package rate $XX.X We is CJ million, ClearanceJobs Dice

annual revenue comes from recruitment recurring was quarter X% Our XX% last $XX,XXX year-over-year package to up revenue per is and up annual contracts. approximately and CJ of average CJ customer over XX%

CJ renewal was rate rate delivers strong was recruitment the in XXX%, cleared XX% retention and quarter, value the retention rate CJ's and revenue of our outstanding at the professionals. demonstrates CJ For the continued

Turning to operating expenses.

quarter were expenses $XX.X $XX.X ago in Second year the operating million million quarter. compared to

and This expected is a million. our to quarter annual XX% cost generate The $X includes to restructuring charges. $X.X by million million in savings approximately workforce approximately of reduction $XX included restructuring of

restructuring charges, year-over-year. the approximately flat were expenses Excluding operating

share-based and charges quarter be awards. estimate employee be million of second million benefits the with $XXX,XXX when million the severance and paid the was anticipate in related noncash restructuring the total third $XXX,XXX effect full acceleration to XXXX. of $X benefits in We the will restructuring $X.X with of quarter We our severance charges of approximately million the we remaining $X to Approximately in results. visible related $X.X will through that and be announce remainder paid the to

we income $XXX,XXX. $XXX,XXX of For an a on the had of quarter, benefit loss tax taxes before

primarily normal Our $XXX,XXX of $X.XX We the XX% diluted recorded approximately credits tax of differed tax expected benefit from tax a rate to or our of quarter research net due from per loss rate share. for $XXX,XXX. a

share $X.XX we the shares quarter, million share. $X.X per the in or quarter diluted prior Adjusted compared Diluted reported $X.XX was million to $XX.X quarter. per year outstanding the of compared the for to quarter prior for year for For income quarter. year net the prior were $X.XX earnings $XX diluted million

and of second cash the quarter the ago. million million, was XX% year the which for in to compared quarter a million second than the and EBITDA lower margin quarter Adjusted prior period. to margin a $X.X $X.X a for XX% year flow increased second $X.X Operating million, $X.X XX% was of

Total the million first end of had perspective, million we total quarter, the $XXX our million debt million under end the the From $XX outstanding of a and revolver. $XX quarter. debt decreased $X liquidity cash at from million of at in the outstanding $X.X

business. times target We approximately continue to X for leverage the

down was of of million, Deferred revenue second year. last the at $XX.X end the the quarter from X% quarter

Our the Long-term an an year-over-year. to quarter backlog at second backlog total of X% or was million $XXX increase million, million $XX.X in Short-term of the was quarter committed increase that million year. the end the or more the up recognized prior of the backlog end of end $XX.X contract was million last of months the at end is of the was quarter, or second the at XX% XX% be from from XX $X $X.X year. which revenue quarter,

million shares per quarter, buyback purchased an the share. average share price for $X.X XXX,XXX we program, under During approximately of $X.XX our

$X.X authorized million the million remained current through the We quarter began program the our of of $XX $XX reminder, XXXX. in first runs end February the a quarter. million under -- at available As program the and

uncertainty the Art As new mentioned, current business economic impact our teams. continues to

in As year such, now revenue be X% grow third we with flat total X%, expect full XXXX of to range the quarter year-over-year. revenue our expected to to

we environment, for flow current cash and expenses we our the the year. balance Given continue closely focus on EBITDA to the will manage as of

as quarter, To current execution wrap our will in up, approximately For on so to and drive meantime, we increased margins continue across profitable efficient the and in to go-to-market and products our manner. impacting economy expect we improving expand EBITDA while expect is the more exit demand industries and their XX% improves. which margins as industry-leading while to all our focused a the In XX% environment services of year. offerings adjusted expected hiring we initiatives, are our investment third doing growth, companies for we with technology the the

me back the let call that, turn to Art. with And

Art Zeile

their of all a questions. for Thank we're happy this again you, of be Kevin. our such to take thank a team. past to With your It I'd to hard part quarter. great like employees is work that, pleasure

Operator

from Zach ahead. Riley. [Operator Cummins go Please comes B. Instructions] Our with first question

Zach Cummins

Hi. Can hear you just me?

Kevin Bostick

can. sure We

Zach Cummins

provide forward. the Yes. you going was taking Thanks additional and for third I the about if assumptions for question. disclosure bookings wondering my And quarter renewal could the

Kevin Bostick

roughly flat provide bookings or specific revenue which revenue provide growth. is guidance, We year-over-year don't that assumptions. We renewal do the

Zach Cummins

yes. Yes,

you to may feedback about customers a is you. the Do going you. you've how the tech been forward, that bit needs? going And from Thank the regarding carrying also Thank change? Okay. little discuss hearing sentiment

Kevin Bostick

Absolutely.

the to XX%. CompTIA answer So down that half the And number one. period same statistics and the I'll XXXX It's postings you that if for them would posting you compared first last tech the actually at that take the looked year, for in second it's exact of job the of quarter, of terms larger see XX%. dip is, is

but of especially plans companies in their lot relatively believe professionals, technology a general, they're for are expensive. that hiring I do scrutinizing because

tech looked about note that January $XXX,XXX. average our this professional compensation If in you'd year, the at you salary salary report is of

being cautious. the So I people think are

as I and tech we're the business the focused in job on aggressively. also become hiring the of But still in to Comps is that year those discussion, do of the job be of course we I those believe believe of easier terms that our industries postings. sure to this mentioned make consulting, that banking the rest over really And swing my that aerospace, portion continue industry. healthcare are of

we seen it's normally our I'd It's continue down, year. industries is hiring XX that overall And not industries. pipeline patterns the we volume have track. that all in compared those of say aggressively last And just to that

the describe environment. would overall I how that's again, So

and companies start according budgets, solidify therefore, start believe to those that get do plans again hire as their end closer plans. they year, I to to the for to their the of we

how to be day. we better rolling are but economic it getting to wait So view have from and statistics seems in people the XXXX, that see each

long-winded for my Sorry answer.

Zach Cummins

your forward it. a little team. or Thank Got mentioned wondering you And bit changes you. in those a company Got about you. how moving little be, talk to to And going structural sales about in the model this Thanks that it. was bit would for change I last growth the Thank could the you question year? if is the my answer.

Kevin Bostick

-- question. that think well, appreciate I I

we commercial seeing terminate, restructure, a that were, of team new And for most teams. As -- were sales part in part, in of all that's our business because, a specifically. softening eliminate Dice positions. softening significant the certain we They demand did accounts,

staffing, We have business business Those are consulting accounts new ClearanceJobs recruiting, the team. three teams. different business Dice new Dice and team, business commercial new the team

on might there in in was to environment again, softness but of think the focused couple accounts team, teams, currently. because the we're the almost those have pipelines, entirely other commercial I been it in terminations demand a that of that seeing softness were

Zach Cummins

you, Thank Got it.

Kevin Bostick

you. Thank

Operator

Excuse me. The ahead. Prestopino next with go question is Research. Please from Barrington Gary

Gary Prestopino

Kevin. and Art Hi How you? are

Kevin Bostick

HI Gary.

Kevin Bostick

Fantastic. yourself, How Gary? about

Gary Prestopino

No.

statistics down get trying XX% through interesting Anyway, XX%, that to for Just postings jobs. QX tech Kevin. in or earnings season, I believe, were

Kevin Bostick

looks And it like…

Gary Prestopino

sorry? I'm

Kevin Bostick

quarter hire COVID. There a think -- to a I'd year that of to back. peak, month. effects it's last over aggressive were I this a where push tech But in XXX,XXX COVID push say, XXX,XXX real, tech May, economy XXX,XXX technology the was big to the real in month hard coming even out a of you of coming mean can and about postings year, second at the was postings the and peak kind coming in just roughly bumping we was I professionals being which to the job year. around all of compares out got it we each job literally of to almost

Gary Prestopino

that despite market drastically and mean, Dice time that have in or give, infer the XX%, question gaining market declining, guess would all were what's was them. I'm a is the question metrics I that going the would down sorry. I does -- being, on down in here, So I'm I declining, at Postings looking bookings. is I I share have other you you the XX% that, for then dramatically are is mean, still

the program the The $XX,XXX I the how that revenue and or have, hit is of less, accounts mention other more was one did the question revenue you up that recurring much of are Dice that really was you. this

lot to you on maybe a there there's know that? I comment So but could unpack,

Kevin Bostick

for ability of some this I'll our the way number postings have market that those said, period share say I'd look it have our the you the tell I been like have booking No, year-over-year. we kind of you customers. declined that are right the during comparing at management is business time, model renew drivers of account bigger questions. recurring to that statistics teams our through tech gained

So renewal statistics are reasonable ClearanceJobs, Dice see customer our those in it's the when show a easier, revenue fairly or lot I'd very renew -- and retention reasonable. up experienced you -- very and are our to say, it already they've rates rates a

commercial and part to being repressed, specific of new the activity business depressed Really, the the accounts. is business that's

lot in them value with when your are show it's more this experienced think to the discussions the that these hasn't I a been XXXX. there you And is yet. year sell CFO having CFOs involved budgeted to it proposition have getting a and item difficult -- without

So that's really seeing the phenomenon today. that we're

account seeing that be is that's not enjoyed We're management lot years. Dice convince new platform and a should tougher you It's need. the on successfully customers immediate have that to customer service renewing urgent solves for an experienced it a

those is that about from we urgency bookings and hiring quarter. career pilots the is revenue lost problem-solving I'd is book we view in quarter's less revenue be dollars things a services, and -- also traditional I and of transactional now. say, to of would urgency half our is revenues that, just that revenue events right that revenue very one our sourcing -- this associated apparent that with of terms in transactional and with transactional associated there's

in revenue and today. So again, a releasing results we also transactional affected our we're saw dip performance that that

Gary Prestopino

year? Okay. at QX $X about of $X the if and million And in should do then recapture, Is expense million good next I quarters it? way quarter, mean, how the think then million $X first going run, $X you terms is in two as Kevin? that in that it look we million, a of to this to

Kevin Bostick

a $X quarter. and the million $X.X exactly because that -- to so Yes. a million to to It at restructuring majority is million -- related was be year $XX million that's $X of vast reducing headcount would

So right. that's exactly

Gary Prestopino

myself. been I've through Okay. of for companies a Believe it's through lot go hard lastly me, when always And them of me, things. then kind these

new go the people you out, As Has except there changed force the hotels, with business maybe team, business clients? new less things still that of travel, far sales -- the the expensive at to of for outside meet are or instance, sales staying teams as nature? anything allowing

Kevin Bostick

No.

allowing of they our a this are with mentality, and And say, they’re where visit would really worked the sales virtually. has I'd years a been prospects, lot customers couple to team this just visit in We of in "Hey, prospects absolutely doing and shift it. customers encourage last say, we has

much better sales don't meetings extra -- the make richer effort. that extra our strongly discussion We these effort for you and encourage So have that in-person believe we but team a to make to relationships ultimately. allow

Gary Prestopino

Okay. Thank you.

Kevin Bostick

Okay. Thank appreciate Really it. Gary. you,

Operator

The Lake Please Manthey ahead. go question with Street is Kevin next Capital. from

Kevin Manthey

Hey, Thanks questions. Maybe first the renewal those my you give around that, the kind throughout cadence back rates get rates. quarter taking -- there guys. on a the don't XX% better for and going know quarter did maintained of was as or they the quarter? to you the And in one guidance on the XX%, I saw progressed, but those

Kevin Bostick

last They see quarter were We about talked quarter. we with a end consistent throughout quarter. pretty that month it of little the a dip towards started the much bit each had the to of

kind June, was So March it to that months. across consistent May pretty to to the of April

Kevin Manthey

the secondarily and quarters the more. past seen talked help follow, is remarks, had started that away, opening a then little the months then in still up see that potential something or where me is about you've shoots you spending Okay. or Have or green spending that you understand goes the defense and to guys or I And the on Thanks. alike. in that clearance jobs guess, benefits increased from

Kevin Bostick

picture saying status yes, It's a big me defense the the that has correlated growth. traditionally break been question. with down with is GDP ClearanceJobs the correlated And just by budget. So of great it not been that's let

next strong that we defense traditionally to into the X%, sales year. about still if clearance had budget grew prospects at X% So built growth that the knew job

the President budget we this where defense had by case, signed In situation Biden was December. in a actually particular

next little get XX% the took like overrode it no, spend for it and for So President's to it while saying request signed. actually year. you budget doubled to more When it, a Congress did, this basically we'd

though came pretty start projects we feeling was of to Now point. nevertheless, even XXXX, process sounds at procurement kind great. saw And We into that that good. all up had The bid. The plans their about advance let hiring contractors the being of were are projects being getting cautious now They with to contractors. signed very out were put these for government. in what

debt should start the that slow do the preserved evidence turning out, need the that that the And think going of it? compared funds. value that their clear we the could we way work, all to is No, the They're paying basis one of professionals to win to fulfill slow that's believe being stalled because contractors, that's still ultimately, the it's And a they now. government seeing believe little I action be. and are if right negotiations that's we it bit that would have take Are going But where to contracts awards. reason of our proposition. believe they

when they of award, quickly individuals as can, binary really when it really It's to a to that immediately. of deliver again, Contractors, down tool want whatever means So hundreds we going people or on now the clock in and function. service procurement generally under because on see the then they tens these If the paradoxical product people to want to awarded? award the want a they to they're cycle. spurt win part that a they of contracts are as ClearanceJobs the comes invaluable of the question that bring essentially an contracts, almost becomes as new they're

Kevin Manthey

guys. Understood. Thanks lot a

Art Zeile

Kevin, really you. I appreciate Thank Excellent it. question,

Operator

The Company. ahead. next & K. question go from Kevin with Please Liu Liu is

Kevin Liu

mentioned on Hey. CJ just Was or of to speaking moving ceiling contractors, of with that Good opportunities? your business the other impact aggressively did in now topic. not afternoon, did or you also new of guys. to were any the hiring, an quarter. I that you more see about you job guys kind impact renewals actually sort terms that that what follow-up have Art, wanted on negotiations to in related

Art Zeile

and/or projects to they for to that that have were grew bidding that CJ on quarter that awarded. willing the over sign be did for a be I were were to the not waiting contracts. they the the debt Yes. people pipeline done say would negotiations And

of pipeline the solution the these believe very do to go healthy. bidder a winning move And itself particular project program. getting a forward got effectively how that so is we the matter we it's to we've on say, so, for staff now that can projects up with and that And and

Kevin Liu

Understood. business kind that of were opportunities Were CJ? new this renewal any for there impacted to or there in relate does all

Art Zeile

really that post strong say say renewal the I'd of I contract to consider actually performance. rate XXX%. held very terms very We activity retention And is up No, well. would which be the renewal value very, in the was rate, that

So I would say existing the customers stayed with us, have and they quarters. took traditionally done larger several contracts as over they past

So ongoing really associated of is projects, associated renewal new that's with seeing projects and awarded little business we a is and with activity a where were deficit. new bit

Kevin Liu

Obviously, And to then side. versus kind if or more IT of those sense. your in more environment with the is switching a Makes out there. if either base the weakness was wondering dice staffing pronounced your over I commercial groups? it's of account, softness challenging seeing you're pronounced

Art Zeile

accounts staff say commercial than consulting it business affecting new would definitely new recruiting, the great That's I more team is and question. a team. much so business

didn't fact, but to levels In when it perform new it intended as describe the teams one internally. better for staffing about new recruiting our I team, talk I business business the we performing of

you sense your terms and makes a less commercial logically want kind it of in staffing retain any person you into the go recruiting that think plans, them decide hiring you if And that trouble. agency. if accounts dismiss get I to to either person X recruiting agency through you a you're And show take customer can that of X staffing can would up to to and or risk weeks, in

hiring it's way So of uncertain your in in general time. a derisking an

recruiting performance And and quarter. in business even the so stronger second again, we've staff seen team, for relatively new

Kevin Liu

new then to have forward the wondering guys customers' just year the announced built corporate was opportunities and that as of And terms that Understood. for with over this move in has kind this I progresses? offering how appetite you year, branded of pipeline up

Art Zeile

the done wanted we've then price we're for that nevertheless, still think thing future, the what say So branding that's say, make the be. I to should adjust cycle, point is this and products branding customers' in upward the expansion remains to of appetite the started to seeing we we caution strong hiring subscription. to the itself environment and could bundle that value essentially the And we've would the subscription prices people and in see the that that's that, I'd but -- right with because and of we basic happens not where it. economic do cycle those in company they And sure at as the profiles, the these

Kevin Liu

just about like then split the And Great. just we quarter. the this deployment debt pretty two and was year? as me. between evenly for pay buybacks of Can between It allocate down of lastly through you looks to those cash you talk remainder kind how plan move

Kevin Bostick

our is buyback -- We'll Sure. it's based, average grid program and also based on daily trading volume.

and market it's performs. how dictated the stock by really So the

our also of debt threefold the has will that very versus months XX we evaluate gone We're up to the aware continue cost stock. X.X volatility So of ago.

And we we capital will as at evaluate the And basis think plan say, specific and as don't is we environment, have highest shares. I paying so of best ROI. debt buying we that, other frequently, do than on to would any what frequent a far back look back allocate very this in what or we it has use the

Kevin Liu

Understood. the for taking question. Thanks

Kevin Bostick

Thanks, Kevin.

Operator

is from Barrington with follow-up Research. Please go Gary The question next ahead. Prestopino a

Gary Prestopino

my your looked always go-forward do could my you're more least guidance expansion? turn to things question to flex going going it really to of expenditures. try at a in how more a you you that tact the and on stringently maybe mean with with like you I are margin numbers. at just revenues and your the I company doesn't that here be. guess had to around seems terms art and I again, drive But the kind numbers little possibly mean, another these just for more have the what look lower envelope, ability margins structure look for run the to basis, when EBITDA are I I of less I are margins the the saying taking at your it Yes. And year. expense and back you're have, of

Kevin Bostick

Yes, absolutely.

perfect a a restructuring interpretation. did organization us the the efficient We that believe in count. of as restructuring people that's quarters technology the of the in think that I month of and three more May that really actually did we -- terms XX was makes we technology

And a so we've dynamic, efficient a more actually we have better experienced process. team release experienced

believe is to we do again. that with we very structure possible very, the as move so And that, forward grow expense that company

Gary Prestopino

you. Thank Okay.

Kevin Bostick

Gary. you, Thank

Operator

to remarks. turn our question-and-answer session. the back any Zeile This for closing I like would concludes Art conference to over

Art Zeile

you, and to us thanks Yes. joining everyone today. Thank for

if As company have you help speak management, will Group, and in would yourself have Thanks for DHI Todd any about and he out to interest great like meeting. a our day. always, a Kehrli to questions reach please arrange your with or

Operator

now you conference The concluded. attending for today's presentation. Thank has

now disconnect. may You

DHI (DHX) 2 Aug 232023 Q2 Earnings call transcript