NASDAQ$CSGS
CSG Systems International Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
CSG Systems' Q4 2023 results were reported, achieving or exceeding all 2023 financial guidance targets.
CSG Systems reported a 2.6% increase in revenue compared to Q4 2022, with GAAP EPS at $0.44 and non-GAAP EPS at $0.92. The company's operating cash flow was $79.5 million, and non-GAAP free cash flow was $74.5 million.
- Total revenue was $297.3 million.
- GAAP operating income was $24.7 million, or an operating margin of 8.3%.
- GAAP earnings per diluted share (EPS) was $0.44 and non-GAAP EPS was $0.92.
- Cash flows from operations were $79.5 million, with non-GAAP free cash flow of $74.5 million.
Headline financials
Revenue & EPS history
CSG Systems · Revenue · Quarterly
$297M
Revenue by segment
CSG Systems · $262M total across 3 segments · Q2 2022
- Broadband/Cable/Satellite$144M-2.6%55.0%
- All other$68.2M+11.3%26.0%
- Telecommunications$49.8M+8.5%19.0%
Forward guidance
CSG anticipates mid-single-digit organic revenue growth, resulting in revenue between $1.2 and $1.24 billion in 2024 with non-GAAP adjusted operating margins in the range of 17.0% to 17.4%.
Tailwinds
- Revenue $1,200 - $1,240 million
- Adjusted Operating Margin Percentage 17.0% - 17.4%
- EPS $3.85 - $4.15
- Adjusted EBITDA $245 - $255 million
- Free Cash Flow $95 - $135 million
Headwinds
- CSG derives approximately forty percent of its revenue from its two largest customers
- Fluctuations in credit market conditions, general global economic and political conditions, and foreign currency exchange rates
- CSG’s ability to maintain a reliable, secure computing environment
- Continued market acceptance of CSG’s products and services
- CSG’s ability to continuously develop and enhance products in a timely, cost-effective, technically advanced and competitive manner
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2023
+1.6%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+2.2%
Avg return
30 days after
58%
38 / 66 earnings
Positive
+15.6%
Q2 2023
Best reaction
-19.0%
Q4 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.0% | +0.4% | — | |
| Q4 2025 | +0.5% | +0.3% | +0.5% | |
| Q3 2025 | -0.2% | +0.2% | -1.6% | |
| Q2 2025 | +1.2% | -1.3% | +3.4% | |
| Q1 2025 | +6.5% | +6.9% | +5.0% | |
| Q4 2024 | +5.5% | +2.3% | +4.0% | |
| Q3 2024 | +14.3% | +14.9% | +10.9% | |
| Q2 2024 | +7.6% | +6.4% | +7.0% | |
| Q1 2024 | -11.0% | -9.2% | -8.7% | |
| Q4 2023 | +14.9% | +17.8% | +14.3% | |
| Q3 2023 | +3.4% | +7.4% | +12.6% | |
| Q2 2023 | +15.6% | +5.9% | +6.2% | |
| Q1 2023 | -3.1% | -5.0% | -0.9% | |
| Q4 2022 | +3.8% | +1.9% | -4.3% | |
| Q3 2022 | -8.4% | -7.0% | -2.9% | |
| Q2 2022 | -13.6% | -13.3% | -12.4% | |
| Q1 2022 | -2.5% | -4.4% | +2.1% | |
| Q4 2021 | +2.7% | +1.0% | +10.2% | |
| Q3 2021 | +5.1% | +6.8% | +5.2% | |
| Q2 2021 | +2.4% | +1.8% | +7.8% | |
| Q1 2021 | -1.3% | -0.9% | -6.7% | |
| Q4 2020 | -0.0% | +1.2% | +4.0% | |
| Q3 2020 | +1.6% | +6.6% | +10.8% | |
| Q2 2020 | -0.8% | +1.5% | -5.8% | |
| Q1 2020 | -3.1% | -3.2% | +2.8% | |
| Q4 2019 | -0.1% | +0.6% | -15.4% | |
| Q3 2019 | +10.5% | +9.6% | +9.6% | |
| Q2 2019 | +4.4% | +2.7% | +10.0% | |
| Q1 2019 | +7.4% | +6.0% | +0.4% | |
| Q4 2018 | +11.6% | +11.7% | +12.3% | |
| Q3 2018 | +2.4% | +4.0% | -8.4% | |
| Q2 2018 | -4.8% | -5.3% | -8.2% | |
| Q1 2018 | -7.8% | -10.4% | -4.9% | |
| Q4 2017 | +2.0% | +1.6% | +6.9% | |
| Q3 2017 | +6.0% | +4.2% | +6.6% | |
| Q2 2017 | -4.3% | -7.2% | -7.5% | |
| Q1 2017 | +5.6% | +3.9% | +8.8% | |
| Q4 2016 | -19.0% | -18.8% | -19.4% | |
| Q3 2016 | +12.1% | +6.3% | +18.9% | |
| Q2 2016 | +3.6% | +1.6% | +11.1% | |
| Q1 2016 | -6.8% | — | — | |
| Q4 2015 | +10.5% | — | — | |
| Q3 2015 | +11.4% | — | — | |
| Q2 2015 | +6.8% | — | — | |
| Q1 2015 | +3.3% | — | — | |
| Q4 2014 | +14.5% | — | — | |
| Q3 2014 | -3.2% | — | — | |
| Q2 2014 | +1.3% | — | — | |
| Q1 2014 | -4.0% | — | — | |
| Q4 2013 | -6.6% | — | — | |
| Q3 2013 | +3.0% | — | — | |
| Q2 2013 | +4.5% | — | — | |
| Q1 2013 | -5.1% | — | — | |
| Q4 2012 | +6.1% | — | — | |
| Q3 2012 | -2.6% | — | — | |
| Q2 2012 | +11.0% | — | — | |
| Q1 2011 | +1.5% | — | — | |
| Q1 2012 | +2.9% | — | — | |
| Q4 2009 | -1.1% | — | — | |
| Q4 2011 | -1.1% | — | — | |
| Q3 2011 | -2.4% | — | — | |
| Q3 2010 | -2.4% | — | — | |
| Q2 2010 | -2.7% | — | — | |
| Q4 2010 | -2.7% | — | — | |
| Q2 2011 | -2.7% | — | — | |
| Q1 2010 | +2.4% | — | — |
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