NASDAQ$IBEX

IBEX Limited · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

IBEX reported strong Q3 2024 results with record performance.

IBEX announced strong third quarter fiscal year 2024 results, with record adjusted EBITDA margin and adjusted EPS. The company won three new clients and made progress in AI virtual agents and automated interactions.

  • Adjusted EBITDA reached $19.2 million, resulting in a record 15.1% adjusted EBITDA margin.
  • Adjusted EPS was $0.70, a record level.
  • Won three new clients in the quarter, totaling 15 year-to-date.
  • Board of directors authorized a new Share Repurchase Plan for up to $30 million over the next 12 months.

Headline financials

Total Revenue

$127M

Previous: $132M-3.6%
EPS

$0.57

Previous: $0.59-3.4%
Adjusted EBITDA

$19.2M

Previous: $18.8M+2.1%
Adjusted EBITDA Margin

15.1%

Previous: 14.3%+5.6%
Capital Expenditures

-$6.64M

Previous: $3.73M-278.1%
Free Cash Flow

$3.68M

Previous: $9.84M-62.7%
Net Income

$10.3M

Previous: $4.51M+128.6%
Operating Income

$11.3M

Previous: $8.31M+35.8%
Gross Profit

-$87.1M

Previous: $37.1M-334.9%
Cash & Equivalents

$50.7M

Previous: $43.7M+16.0%
Total Assets

$290M

No prior period
Stock-Based Comp

$466K

Previous: $1.32M-64.6%

Revenue & EPS history

IBEX · Revenue · Quarterly

$127M

Q3 2024-3.6%vs Q3 2023
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Forward guidance

IBEX anticipates delivering full year results near the mid-point of adjusted EBITDA margin guidance while revenue will be near the lower end of the guidance provided last quarter. Capital expenditures guidance was revised downward.

Tailwinds

  • Full year revenue between $505 to $510 million.
  • Adjusted EBITDA margin of approximately 12-13%.
  • Capital expenditures revised downward to $10 to $13 million.
  • Confident in the strategy to drive growth in higher margin offshore regions.
  • Realizing cost savings through optimizing site footprint.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

+4.9%

Avg return

Earnings day

+6.5%

Avg return

5 days after

+6.3%

Avg return

30 days after

61%

14 / 23 earnings

Positive

+36.1%

Q4 2020

Best reaction

-27.0%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-0.9%+10.2%+6.3%
Q2 2026+2.3%-11.8%-10.8%
Q1 2026-0.6%-0.2%-0.2%
Q3 2025+19.2%+9.2%+16.6%
Q2 2025+10.9%+19.9%+14.3%
Q1 2025-0.8%-1.1%+0.5%
Q4 2024+18.8%+16.1%+17.4%
Q3 2024+2.2%+5.1%+9.5%
Q2 2024-8.7%-13.7%-11.0%
Q1 2024+2.2%+6.4%+5.9%
Q4 2023-27.0%-16.9%-13.6%
Q3 2023+4.8%+15.0%+14.4%
Q2 2023+12.4%+12.4%-0.0%
Q1 2023+12.3%+14.1%+19.2%
Q4 2022+8.8%+11.5%+26.2%
Q3 2022-3.1%+2.6%+3.5%
Q2 2022+25.5%+23.2%+24.2%
Q1 2022-12.5%-12.5%-26.0%
Q4 2021-2.1%-3.9%-8.4%
Q3 2021-5.6%-4.7%-22.0%
Q2 2021+8.6%+6.6%-2.0%
Q1 2021+9.1%+18.9%+23.7%
Q4 2020+36.1%+43.1%+57.4%
Q1 2020
Q2 2020
Q4 2019
Q2 2018
Q1 2018
Q2 2016
Q1 2016

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