NASDAQ$TTEC

Ttec Holdings In · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported record revenue and profitability, positioning the company to achieve significant financial milestones.

TTEC Holdings, Inc. announced record second-quarter financial results, with revenue increasing by 22% to $554.8 million. The company's success is attributed to growing existing client volume and adding new clients, leveraging the breadth of their CX offerings.

  • Revenue increased 22 percent to $554.8 million.
  • Operating Income was $65.8 Million or 11.9 Percent of Revenue (Non-GAAP $78.6 Million or 14.2 Percent of Revenue)
  • Net Income was $47.4 Million ($60.2 Million Non-GAAP)
  • Fully Diluted EPS was $1.00 ($1.27 Non-GAAP)

Headline financials

Total Revenue

$555M

Previous: $453M+22.4%
EPS (adj)

$1.27

Previous: $0.75+69.3%
Capital Expenditures

-$12M

Previous: -$15.1M+20.4%
Free Cash Flow

$35.3M

Previous: $16.2M+117.8%
Net Income

$47.4M

Previous: $31.3M+51.2%
Operating Income

$65.8M

Previous: $49M+34.5%
Gross Profit

-$400M

Previous: -$337M-18.7%
Cash & Equivalents

$175M

Previous: $482M-63.8%
Total Assets

$2.04B

Previous: $1.77B+15.3%
Stock-Based Comp

$3.37M

Previous: $3.06M+10.3%

Revenue & EPS history

TTEC · Revenue · Quarterly

$555M

Q2 2021+22.4%vs Q2 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

TTEC raised its full-year 2021 outlook, expecting revenue between $2.248 and $2.266 billion, representing a 15.3% to 16.3% increase over the prior year. Non-GAAP operating income margins are projected to be between 12.4% and 12.7%, with Non-GAAP adjusted EBITDA margins between 15.3% and 15.7%. Non-GAAP earnings per share are estimated to be between $4.35 and $4.51.

Tailwinds

  • Revenue between $2.248 and $2.266 billion, an increase of 15.3 and 16.3 percent over the prior year.
  • Non-GAAP Operating Income margins between 12.4 and 12.7 percent.
  • Non-GAAP Adjusted EBITDA margins between 15.3 and 15.7 percent.
  • Non-GAAP Earnings Per Share between $4.35 and $4.51.
  • Capital expenditures are estimated to between 2.9 and 3.1 percent of revenue, of which approximately 60 percent is growth oriented.

Headwinds

  • Effective tax rate for the full year is estimated between 22 and 24 percent.
  • Diluted share count for the full year is estimated between 47.2 and 47.6 million.
  • Risks related to business operations and strategy.
  • Dependence on 3rd parties for cloud solutions.
  • Risks related to legal impacts on operations, in particular rapidly changing laws that regulate business.

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 Q2 2021

Historical avgQ2 2021

-1.4%

Avg return

Earnings day

-3.3%

Avg return

5 days after

-1.2%

Avg return

30 days after

42%

28 / 66 earnings

Positive

+31.9%

Q1 2025

Best reaction

-29.8%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.7%-18.1%-27.2%
Q4 2025+13.1%+7.7%+0.5%
Q3 2025-4.0%-16.2%+9.5%
Q1 2025+31.9%+28.3%+25.3%
Q4 2024-7.4%-6.3%-3.0%
Q3 2024-8.7%-8.6%-2.1%
Q2 2024-15.7%-19.3%-16.8%
Q1 2024-9.9%-6.0%-20.4%
Q4 2023-20.0%-28.3%-40.2%
Q3 2023-29.8%-27.4%-7.1%
Q2 2023-1.9%-11.0%-7.7%
Q1 2023+5.7%+0.5%+3.5%
Q4 2022-15.9%-14.3%-23.3%
Q3 2022+11.8%+12.3%+13.7%
Q2 2022-18.1%-20.8%-30.8%
Q1 2022-6.0%-11.0%-6.5%
Q4 2021-0.6%-4.9%+3.8%
Q3 2021-7.7%-12.8%-12.0%
Q2 2021-0.2%+3.8%+9.9%
Q1 2021-2.6%-2.3%+2.6%
Q4 2020+2.9%-2.9%+19.4%
Q3 2020+4.6%+3.8%+23.1%
Q2 2020+14.1%+11.6%+8.9%
Q1 2020+3.9%+9.1%+17.6%
Q4 2019+2.8%-6.3%-14.2%
Q3 2019+4.1%-1.5%-18.1%
Q2 2019+5.1%+5.2%+6.7%
Q1 2019+5.6%+2.8%+8.6%
Q4 2018-0.5%+2.3%+6.3%
Q3 2018+14.6%+24.0%+15.5%
Q2 2018-17.6%-18.8%-18.8%
Q1 2018+2.3%+2.5%+12.6%
Q4 2017-4.9%-9.9%-15.2%
Q3 2017-4.8%-9.1%-4.3%
Q2 2017-2.6%+0.9%-5.0%
Q1 2017+13.4%+15.6%+28.1%
Q4 2016-3.8%-2.1%-4.9%
Q3 2016-5.6%-3.3%+13.9%
Q2 2016+1.2%+3.9%+0.7%
Q1 2016-6.4%
Q4 2015-4.4%
Q3 2015-6.1%
Q2 2015+2.0%
Q1 2015-3.1%
Q4 2014+4.5%
Q3 2014-5.3%
Q2 2014-6.9%
Q1 2014+2.7%
Q4 2013+13.8%
Q3 2013-1.3%
Q2 2013+1.2%
Q1 2013-1.9%
Q4 2012+4.5%
Q3 2012+0.9%
Q2 2012-1.2%
Q4 2011-1.2%
Q1 2012+3.0%
Q3 2010+4.7%
Q3 2011+4.7%
Q2 2011-8.0%
Q1 2010+0.7%
Q1 2011-0.8%
Q4 2009-10.2%
Q2 2010-10.2%
Q4 2010-10.2%
Q4 2008-10.2%

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