NASDAQ$TTEC

Ttec Holdings In · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

TTEC achieved record revenue and increased demand for its digital customer experience solutions.

TTEC announced record third-quarter results, with revenue reaching $493.0 million, a 24.6% increase. The company is raising its full-year 2020 outlook due to strong performance and backlog.

  • Revenue was $493.0 million, representing 24.6% growth.
  • Operating Income was $53.4 Million or 10.8% of Revenue.
  • Net Income was $21.4 Million.
  • Fully Diluted EPS was $0.45.

Headline financials

Total Revenue

$493M

Previous: $396M+24.6%
EPS (adj)

$0.90

Previous: $0.40+125.0%
Capital Expenditures

-$15.9M

Previous: -$16M+0.6%
Free Cash Flow

$5.45M

Previous: $2.09M+160.8%
Net Income

$21.4M

Previous: $18.1M+18.0%
Operating Income

$53.4M

Previous: $26M+105.5%
Gross Profit

-$368M

Previous: -$305M-20.9%
Cash & Equivalents

$135M

Previous: $85.5M+58.3%
Total Assets

$1.48B

Previous: $1.18B+25.0%
Stock-Based Comp

$3.5M

Previous: $3.13M+11.7%

Revenue & EPS history

TTEC · Revenue · Quarterly

$493M

Q3 2020+24.6%vs Q3 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

TTEC raised its full-year 2020 outlook, excluding restructuring and impairment charges.

Tailwinds

  • Revenue between $1.881 and $1.893 billion, an increase between 14.5 and 15.2 percent over the prior year.
  • Operating Income margins between 10.1 and 10.3 percent.
  • Adjusted EBITDA margins between 14.9 and 15.0 percent.
  • Earnings Per Share between $2.92 and $3.02.
  • Diluted share count for the full year is estimated between 46.9 and 47.1 million.

Headwinds

  • Capital expenditures are estimated to be between 3.1 and 3.3 percent of revenue, of which approximately 70 percent is growth oriented.
  • Effective tax rate for the full year is estimated between 21 and 24 percent.
  • Mindful of the continued uncertainty that persists in the global economy.
  • The need to forecast demand for services accurately and the impact of such forecasts on our capacity utilization.
  • Our ability to attract and retain qualified and skilled personnel at a price point that we can afford and our clients are willing to pay.

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 2020

Historical avgQ3 2020

-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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