DHX - Earnings call transcript Q4 2024

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Operator

Good afternoon, and welcome to the DHI Group Fourth Quarter and Full Year 2024 Financial Results Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Todd Kehrli of PondelWilkinson, Investor Relations. Please go ahead.

Todd Kehrli

Thank you, operator. Good afternoon, and welcome to DHI Group's 2024 Fourth Quarter and Full Year Earnings Conference Call. call CEO, today's CFO, Zeile; on Schippers. Greg me are Art DHI's and With

could within statements the materially the statements and and to the DHI forward-looking these constitute to forward-looking and discussed uncertainties, meaning results the These uncertainties to Relations available is DHI call or to to the statements turn periodic the include results. financial subject This Exchange fourth I Before over call year full actual securities Company's few release its cause financial concerning may differ and in call DHI items. website quarter press dhigroupinc.com. and cover release Art, filings performance live quick This results the today's reflect from future a being afternoon, federal is statements. broadcast any issued The announcing XXXX on forward-looking a like risks forward-looking forward-looking outcomes be for I'd differ at obligation during internet and and interested of revise archived want on website. I all current historical and Investor actual will the contained laws. today's other Group's make views that will the with over on forward-looking involve the to and from Form risks XX-Q the Company's note reports undertakes XX-K no Please information, Securities Commission. events in statements are for of any and that parties, uncertainties. that page management on everyone the Company's the may update statements that webcast remind and except risks statements. Factors call,

accordance margin, measures financial to our earnings copy find which U.S. to GAAP. in the about non-GAAP will to be not reconciliations our you earnings adjusted adjusted Group. Lastly, that GAAP a and Information and in on DHI measures non-GAAP now website per of during today's flow, in turn cash these EBITDA, Relations Zeile, referring the directly prepared available Investor measures, are at of specific with free call including release, share CEO of management call, section. I'll comparable Art over most dhigroupinc.com can are EBITDA the

Art Zeile

welcome call. provide you, appreciate fourth everyone, XXXX XXXX. your our performance and for time Good We afternoon, earnings we review financial conference our today quarter outlook to full for the quarter fourth Thank and year as Todd. our and the

our adjusted million, Let's begin overview with our in position from forward. a we've $XX.X ago. performance an a revenue of XXXX, Despite EBITDA of the strengthen of taken margin XX%, margin year and full delivered of a actions decline up X% to moving we year XX% a

development approximately During and between and a restructuring, our the we are our hiring savings to increased organization. by The capitalized and total announced million our $XX operating environment sales These have marketing evenly expenses operating while tech normal actions including recently well costs. and demand costs position us split offerings our strengthening year enhancing reduced solutions. product return our over for and for

distinct X brand provide also us the while X this human to aligns and also market up public restructure unique operations financial of that greater with brand. company a we centralized specific for more support This for technology and provides efficiently leadership of reporting brand split systems, unlocking opportunities finance, profitability while time, under year. align and sales, reorganization restructuring at customer enable dynamics tailored weeks resources, that manage enhances enabling and long-term bases. It obligations. Ultimately, each and employees, business functions strategic same leader the different development maintaining dedicated part sets a structure to their marketing, into brand, operations of brands As ago, conducted strategies our Dice business line It and our ClearanceJobs. each establishes product, for

green the dig our into end for at are business the quarter, increased our both brands we've of current to the of the Encouragingly, rates staffing bookings business. business. growth improved and new seen see for Revenue key is of we let's and solid starting indicator labor market, which Now shoots tech a recruiting demand. state renewal in

CompTIA, normal, number of half. promising albeit second positive half the is notable off approximately XX% of experienced new rebound job new rise job postings slowly, in While these tech tech of starting in Year first with steady believe a a According recovery, the the the we are postings. is of trajectory. A to we New XXXX the to postings sign compared

new but tech year, job traditionally new During alone, year-over-year, in year-over-year job the which the December increase. In believe XXX,XXX of recovery a were half more albeit is showing the a this for a a tech created, XX% signals XX% trend month, representing We shape increase. demand. tech postings shifted slow steady, XX% fell gradual than postings momentum first the hiring half, latter is taking

low remained improved growth tech for optimistic December, This follows in highlighting and trends market X% XXXX. industry approximately recovery extensive interviews a a talent. in year recruiting in shift positive at labor staffing tight outlook Additionally, from These firms, with was align hiring shared confidence I in or drop a XX% XXXX a projections revenue, ahead. decline in which in towards tech industry's suggesting the the say, in the unemployment a forecasts the X% staffing performance market. X% with rate developed in tech staffing staffing tech a analysts, XXXX, reflecting This should through

in year-over-year. postings often recruiters tech Lightcast, demand tech postings. professionals. which An XXXX, increased broader Another for the signal of increase from In job encouraging a rise recruiter in tech precedes recruiter second of half comes tracks demand XX% hiring new tech job

like for in tech ClearanceJobs their of initiatives such as database will essential investment and top platforms our tech ramp AI, businesses technology from As talent X seeking up professionals. tools million Dice be employers

candidates stories is you if recruiter. said, in a IT hear tool engaged a Bancorporation's a Zions are being like is We able tool recruiter, your active asset. technology clients from continue for search Dice huge to belt our and corporate to success must-have who

Now total increase year-over-year. quarter, revenue In let fourth ahead quarter of dig saw X% saw X%, performance an we during into for see a Dice while the and declined me XX%. fourth our the what of decrease XXXX. ClearanceJobs

revenue, transactional total recurring year-over-year. declined our X% revenue Excluding

for the that Looking change of that in favors bookings one-party environment. a The a CJ at continuing consistent government bookings, CJ budget spending priority administration X% will and government believe we as to Defense quarter. result. bookings defense but our year-over-year we believe high quarter the our fourth more as defense year-over-year. a remains well down total Congress, and benefit a for now due were uncertainty bookings shutdown flat as ClearanceJobs contracting impeded our performance, a possible the fourth was resolution

Innovien CJ Solutions. also CJ the including need, the customers, quarter, there several serving Solutions, government than growth Technology over for in is During CJ. secured more Trillion opportunity XXX X,XXX XX,XXX Solutions, of and hiring a ahead agencies Network With significant new employers cleared professionals Hughes approximately tech and

Looking Horton, at notable Dice's quarter Nevertheless, employers Diplomatic D.R. due for constraints imposed and including budget of business this fourth secured U.S. General Dice XX% staffing the Motors. performance, bookings by several the and declined quarter, to the firms Technology, Bureau customers its year-over-year in XXXX.

on recession-resistant education. services, new the to financial sectors like and defense, continue health we On care, business focus consulting, aerospace, front,

renewals, rates XX%, were for respectively. renewal XXX% and and CJ Dice retention of In and terms our revenue XX% and XX%, rates and Dice were CJ respectively,

On we from a slightly ago. margin, adjusted the XX% during year fourth delivered quarter, a the XX% bottom EBITDA line, down

However, XX% our capitalized by free earlier, to development as declined flow mentioned cash expenses contributing year-over-year, conversion.

brands. our what X Now to drive increased adoption on let me of doing we're quickly touch

are ClearanceJobs, For CJ by we the preparing Verify of the quarter. to end launch first

if call, this will standard similar conference status offer a Premium subscription ascertain subscription by enables on enhanced their beyond As fee. CJ we'll successful, product explore midyear experience. model members a similar candidate to service to also developing functionality last that discussed for government offering for this a introducing our to We security launch Dice. LinkedIn plan the candidate individual is paid and

Dice, X-sided integral the comprehensive and cycle reinforcing in accounts more success store, deals is boosting a Recruiters our highlight company XX% XXXX, all the Dice customers its advancing paving monthly launch the I average aimed base. Candidate signed launched found new package With we initiative and on activity. comprehensive growth, site adoption commenting, directly were credit functionality believe renewed of XX% posting is its strengthening Dice. I'd to of job of purchase meaningful and fully to X.X In a with initiative are rate customer to through my have average Dice and include subscriber a pages, XXX%. In platform services careers. XXXX, leading individual professionals application our like beta of activity November these attracts among in early Since applications, packages, virtuous where using tech selling a the Dice small end increased price. in as testing higher an job tech to our at marketplace postings, and and be For unlimited recruiters reimagination averaged this web our Dice mention a product higher career marking all engagement. with be self-serve on total A jobs the year. marketplace. on connecting the medium-sized over subscription the businesses individual impact, jobs mission to market boosts, for of Dice the for packages card, recruiters, to year-over-year XXXX, customer engagement maintaining increase broader key testimonial XX% manner. candidate way underscores of success in this the a will by job our currently balanced to position of able our business job all XX continues We of today, retention converted subscription track million which and further not candidate recent our candidate of driving also fuel

Moving on to guidance.

and job showing we postings steady tech improvement, of a recovery. slow While are anticipate signs

year full the grow. CJ bookings For to expect XXXX, we

growth However, not expect hiring do resume bookings total normalizes. tech until to we

$XXX to revenue a million $XX million. year. As of In revenue the of expect million to we $XX quarter, we full first result, $XXX million the anticipate for

hiring are for XXXX. increased anticipate year for driving margin the on focused hiring shareholders throughout are delivering our meantime, As full tech our improves gradually strong and adjusted solutions, for the year, momentum. In we a growing EBITDA the profits XX% we demand targeting tech

we trading environment. of result, it do, as to due Board as a As value new the million couple our hiring intrinsic that a shares buyback soft stock tech believes, below our approved are ago program their a weeks $X

pleased as has I Officer. serving Before I to wrap our appointed Schippers announce no is Greg but Financial am that our Chief CFO, been interim longer up, officially

and our our optimization, to our rigorous in to updates up expertise look abilities for that, to we'll strengthened last Greg questions. including transparency strategic sharing this role, our in financial the efficiency on has operational planning, and decision-making. position. I open Greg past and on sharp sound brings look role. In key detail, closing, to has success and oversight, this and business analytical remain steadily commitment the continued over to to financial call experience call, well for decade to exceptional vital the then Group in highest have financials, earnings Greg? shareholders and standards his demonstrated As Greg's hiring you walk He over consistently maintaining value and over we DHI excellent skills, noted positioned months of I'll choice We his of hand capitalize in the through during with to financial a environment. greater an progress a improving areas confident shown our him in am forward tech for attention outstanding the and committed forward leadership floor budget are management, delivering ahead. With year integrity. this to make fiscal

Greg Schippers

everyone. afternoon, good and Art, you, Thank

how forward relationships feel building this I CFO the I take express also Before with shareholders want look energized I excited about am on contributing the role how business. growth and cover our I begin, I analysts the who to to of to and DHI. of to

X% the between the reclassified Bookings you Now in for Dice this shortly revenue, Group results versus of our our $XX.X reported will which found million, of our to X% posted Please and event. career down fourth based to quarter. we let beginning and me and after on quarter events by was them been had of quarter, DHI Investor ClearanceJobs revenue be can down take the year-over-year bookings bookings the nature the with and in previously Relations recast note basis on Dice financial quarter, $XX.X tab the through a quarter. which for included which were be the presentation, call. We in down third total allocate first that million, website quarter on the X% were investor year-over-year. revenue XXXX the and Total

down and recurring our for the the both year-over-year. revenue ended basis. X% recurring customers, revenue sequentially. the X% the to year-over-year, with package was full smaller year, This recruitment which CJ fourth but was flat for fourth attributable prior sequential for the year. ClearanceJobs quarter that quarter Our for was and X% of number for and CJ with down year. churn year-over-year and versus quarter customers, down X,XXX basis is revenue approximately full annual XX% on million, revenue spending X% were than We greater total CJ up million, down a bookings X% a X% the were drive the in XX% Bookings is fourth $XX.X whereas on and up reduction accounts recurring increased $XX,XXX has down $XX.X

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

X% sequentially. renewal quarter, down outstanding at year. and year-over-year. CJ revenue with XX% rate less the was X,XXX with down customers the and rate to year-over-year demonstrates down million, This million, to quarter down recruitment was sequentially cleared X% We the churn was from is value For smaller $XX.X The Dice customers, reduction rate continued was which which XXX%. than CJ's recruitment down ended $XX.X were professionals. Dice XX% attributable XX% per up and Dice the $XX,XXX revenue retention delivers package year-over-year. last XX% of CJ's retention strong spending quarter bookings is in

customer package Our X% average and recruitment the to up Dice slightly up to compared $XX,XXX. per quarter was third revenue annual year-over-year

XX% CJ, XX% comes approximately and As Dice is recurring with -- annual multiyear or of revenue contracts. from

rate its quarter, Dice XX%. retention and the our For rate revenue XX% renewal was was

expenses. expenses million operating operating $XX.X were quarter. in to Fourth year to Turning ago the compared $XX.X down X% to when quarter million

restructurings and quarter the XXXX. through of quarter this $XX approximately XXXX, quarter we second in and of by development reflect restructuring third of expenses savings Because operating million. of more conditions January XXXX, reduced 'XX quarter XXXX, annual with costs of fourth third our difficult reduced have in associated these market again costs in Together, the the our Our cost the in expenses and the in operating capitalized restructurings year.

focus on efficiency. to operational continue We our

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

and primarily expired. positions tax approximate to reversal Our statutory rate tax XX% rate for state from for of statutes differed of the liabilities our quarter the uncertain due as federal

To capital We Section plan carryforward, capital can a capital any designed loss future loss protect exceeds is implemented committed this which also asset million asset, for remain Plan preserving and our our to ensuring potential XXX important offset $XXX to carryforward, This last an safeguard tax. maximizing we shareholder Rights week. gains we value. is

$X.XX the to share line. of on bottom per the fourth diluted in million We net or recorded quarter. Moving income $X.X

prior quarter $X.XX $XX.X prior share. Non-GAAP quarter. the compared quarter. Adjusted XX% fourth cash was income a compared in for cash per in to the was for million the flows $X.X For million fourth compared in last $X.X margin quarter compared fourth fourth less million reported quarter XX.X prior quarter, operating the the XX% XX.X flow, to quarter $X.X or to of $X.X the share fourth to for the year. compared the EBITDA quarter for is year to period. in were million net prior a of $X.XX flow the million diluted million cash a Free year to which or Diluted year capital quarter expenditures, $X.X for year quarter margin decreased was ago. Operating $X.XX a earnings we shares million of $X.X X% year outstanding million for shares of the million, the per

primarily million XX%. expenditures, were to of $X.X $X.X costs, in savings fourth of For fourth capitalized $X.X million capital the in development or the compared a year, which quarter quarter last consist million of

For at over of Free costs million $X.X annual million, were the million $XX.X XXXX the level. cash current approximated full operating increase year, a free year, included we $X.X time, XX% flow are million, decrease capitalized Over the $X.X flow flows which revenue. year-over-year. cash targeting prior in cash a which was year development the for

Following the further restructurings, development our we in to costs capitalized reductions expect XXXX.

expenditures and targeting $X expertise $XX.X debt million of a at range X.Xx organization $X.X to subject $XX expecting teams of tech our quarter, cash, million total debt as resulting overall million schedule number the decreased efficiency. From are consolidating perspective, our outstanding into end accelerate XXXX product release in at million in capital adjacent $XX.X million our Total in enhance total matter our $XX end of to in compared between was last year. million We liquidity million last $XX the at with year. our had million smaller By areas, adjusted a are we leverage and to our EBITDA. the $XXX under revolver, from we and

the to the $XX.X target the last leverage quarter Deferred Xx business. We year. was continue X% fourth end of for at quarter revenue million, the down from of

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

our During did share we the shares program. quarter, buyback not under purchase

shares for employee shares. the tax million For $X.X cover to of income the year, X.X with repurchased vesting we million associated withholdings

XXXX. February contribute full EBITDA margin flow. to guidance targeting Board stock which as Art lower to of free a this recently for are XX% will Adding cash we the year costs development an begin capitalized $X through program, run repurchase and provided, As million our mentioned, that will adjusted new Art month approved the

positioned Our revenue across customer environment growth, achieving our to levels. To we remains anticipate all X to long-term positioned normal companies steadily in industry-leading in on are We wrap this focus In hiring our meantime, let demand growth, and the and when opportunities initiatives believe hiring tech this on so remain acquisition enhancing for products call drive and XXXX to that, on we and impacted and industries the we over to investment Art. go-to-market has that execution me ensuring will sustainable returns our years technology drive doing we are optimizing services. increase the on our back well beyond. capitalize offerings, capitalize while turn well greater up, focused past with opportunity. And efficiently, will their the

Art Zeile

Thank you, again a Greg. your effort team such a all pleasure It one we're that, and happy for I great want of this year. answer to questions. their be employees work to part past team. With thank our of hard is to

Operator

[Operator question Our Cummins Instructions] today Riley is first FBR. B. Zach from with

Zach Cummins

steady I Art, I'm on about ask the what maybe year. you're side seems from Greg, move business Congrats, position. of throughout about and business accounts? recovery curious hearing permanent prospects versus you're as appointment we wanted to you're the just the a as just like to thinking you're the you what slow CFO hearing staffing your the It Dice assuming and from XXXX. commercial

Art Zeile

have this a of a always Zach. before That's happening commercial And right now. question, staffing seems great to that's thesis return like had our it normalcy kind and we've accounts, would that

it we're of firming the lot one lot positive. I'd people the it's a seemed when a more feels the budgets. growth their last that associated forecasting to that activity. -- it's with that activity it indicates more our is really as the feels XXXX. like stabilizing like that or business well new point renewal and deciding see In end area of say a up that as report staffing revenue with going And to bullish, going was X% And for lot SIA that fact, turning year we're were see that accounts consistent is both

Zach Cummins

follow-up one question And towards CJ. my is more

move for current CJ's any the within the Just efficiency prospects given organizations? year as all throughout we initiatives the amidst different concerns these administration,

Art Zeile

as that now, we or our number the existing contract what of be question to And Right and enhanced reduce not of same business activity will great terms seeing be we investors account will not committed believe about whether to that well is view do asked there as budget. CJ hearing That's that defense question. have a A the renewals. new defense levels that the we're us budget. are in Congress firmly another or as activity for cut to

and impact we to obviously, haven't like remains months come. be So weeks any direct DOGE, it to activities seen seen, but in to the

Zach Cummins

QX. stabilizing the on Congrats results in

Operator

is The Research. with from Prestopino next question Gary Barrington

Gary Prestopino

questions couple here. A of

First you I what hadn't cash used cash, paid been of you all, assumption? have Is the if it, would at of if guess, I'm the in terms QX. I'm on the hand debt, paid down pay looking throughout And a down just of kind in year is getting. debt, to much and higher down that correct you debt, cash hadn't

Greg Schippers

to with debt from Yes. to share programs then and our share We cash repurchase shares under approximately million down used $X million pay of employees. vestings almost $X

Gary Prestopino

of And this of reconciling then, I'm some a I problem having guess, little just here. just bit

You your But a about your million including amortized million $XX of Realizing expenses, or said year and right, expenses get you've of X they million is that on cause million a what $XX expenses. of expenses or at, capitalized little $XX over your capitalized cut because be the $XX guess, feel higher? going to not X, EBITDA not years. in your I OpEx would that the expenses, effect is why bit operating P&L margin decline of I'm full to getting it, by wouldn't

Greg Schippers

Yes. complete No, Gary. that makes sense,

you're roughly costs a and between OpEx. It's So correct. capitalized split development XX-XX

was did approximately to in range $X million those So $X in of of last but in started you savings the $XX each through, it, with can last we each, million which middle savings, million just the The $X year that million cash one. flowing the of that then of and chunk bigger to XXXX $X think were X for it million, restructuring, the now million. that being in timing $XX call about

XXXX as year will, Otherwise, full you X through to you savings. amortized more kind was in, of of between. if see the they So X impact get over those in because savings staggered it in of were time coming cash over the you'll months

Gary Prestopino

will And this you doing EBITDA year? adjusted when segment operating income either in then, or terms in-depth reporting by be brand of Art, more or

Greg Schippers

take restructuring. intention question, we announced here. and to since I'll our into Gary, come the that immediately process months. the one as have And getting following we'll first that we team this actually in Yes. year, on earnings is do finance lot Good to dive well. get that a half here in have our And goal that more will there of and the of our the of next couple

Operator

with from Markets. Capital question next is The Max Street Michaelis Lake

Maxwell Michaelis

bookings couple Just know promotion. congrats a XXXX, for you at on me. in look expect we Greg, bookings guys the don't I When growth.

ClearanceJobs the but when of whatever little an you X% guys it, in expect holding guess out year? back? mean, to a both kind to from decline, from contracting look bit you maybe call Or at But are and segments, from could guess, you wondering XXXX, out me I if you or expecting on Dice ClearanceJobs when just current was decline do growth You the XXXX mean, bookings internally, of internal XXXX, improvement in you just from want you I are growth XX% -- I I XXXX? Dice I help in look XX% guys with growth. --

Art Zeile

Yes.

with from market. strong and will certainty having conservative yes, demand we anything, as of political charge kind expecting in call the of do go kind expecting, government that. and some and expect not with point anything to are continues to year-over-year this XXXX -- the in we of help year, have So throughout a we we're not the CJ the do year-over-year as basis defense you bookings. expect some the basis place. here we're of on growth party on in through Dice that Dice, in But we quarters on the continues for we're side At budgeting budget, that said, the getting one That X at staying mentioned improve improvement a

Operator

Liu from K. is Instructions] with [Operator Company. next Kevin & The Liu question

Kevin Liu

feel any that Maybe of of to the agencies Department exposure exposure the you defense be to just potentially to activity? I there if revisit the is or tied on primarily block the part to all clarify have of other chopping budget guys Education either wanted business. whether today your CJ you here or may

Art Zeile

That's a that license non-cleared operating. the that from exposure would the great are associated really defense wherewithal it's the always and to and we would of those are intelligence question, say say I the community that I don't with directly ClearanceJobs. Kevin. And that kind interested and have with any have agencies are ability

though that's those the agencies seems to operate And of under targeting think agencies intelligence that not to -- that won't be not could there likely, that with broader affect agencies, we're but major you are it if changes it CIA, government. say the But this otherwise, number the So less of woods impossible. way exposed not that community out with we're DIA, like of us. FBI, or NSA, that that necessarily they

Kevin Liu

versus guys new that done with what exactly it. of business related relates just the to the kind is kind the portion at Got kind just around your we nonrecurring look story of the historically? forecast what wondering, that. it Dice recurring? what for are are And about No, you've different expectations of And as the of to as versus then out, the I introducing Dice, appreciate what revenue I'm coming there for year, you

Greg Schippers

take the that, I'll of first Kevin. part

opportunity or business have and then the in anticipating XXXX. So recruiting recurring But annual transactional side. We that not we we're some the upside market from If nonrecurring -- and so XX% for nonrecurring, that's so we're really on in that business, we nonrecurring of out basically and mentioned, that improvement don't tech to well. point, packages XX% how picks And that recurring for the we our and seeing a recurring -- up, it's as just XXXX we're what about into purposes not this than project at in -- project similar it's of kind going we're we XXXX. as less were relates, to there.

Art Zeile

urgency. hiring products that follow-up I'll Kevin, And those with transactional saying that associated we Yes. believe are by generally

do is talent. say So by good that time and more if are finding products a that our see people we it customer would harder the because very market tech become be a needed base, having thing significantly those would transactional tightening

at to card. for on example, own views buy be a have number a using they second It's It you planning this reestablish least store. think been question development growth. for when subscription trying credit convince able fulfill is find want the And Dice problematic X.X of The by it need Dice's, And we a is like will idea embrace the for future, of the a and future, what's Dice, one. that hope for its they'll a years more about larger probably more profile that's they they're are that called period. your allow of buy subscription year, and to, are its in part a will position web taste We we embracing been leader real a of They'll a package their a product-led underway What their getting recruiters to, if good new to position. how resumes to brand? whole envisioning the individual team. HR that a

door for to way of capacity. limited kind in just we getting So a we sales new because talk a organizations that it's have every can't the of day necessarily foot

Kevin Liu

be about lastly is kind more you year, are certain then steady there be we throughout to than the it spend this year? expected Or where marketing think me, pronounced pretty And just expect the as periods for others? of to for this

Art Zeile

spend is in that we're we downward Yes. in to not a digital eyeballs in marketing that the expected a tailor you spend We and campaign going X because the in holidays I recruiters marketing sense. candidates the are periods seasonal tell we enjoying vacations as result regular know see the through our taking summertime. and November and also effort. They're can December, just that those

Operator

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

Art Zeile

you, all for Thank and joining us you Gary, you thank today. of

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

Operator

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

now may You disconnect.

DHI (DHX) 5 Feb 252024 Q4 Earnings call transcript