TTEC Holdings Sees FY23 EPS $2.11-$2.27 Vs $2.55 Est.; Revenue $2.433B-$2.453B Vs $2.5B Est.
TTEC Holdings, Inc. TTEC | 0.00 |
BUSINESS OUTLOOK
"We continue to view the long-term fundamentals of our business and the value proposition we provide as exceptionally durable. However, the rapidly changing macroeconomic uncertainties impacted a number of our clients and in turn put downward pressure on our fourth quarter financial outlook. As a result, we updated our full year guidance," commented Francois Bourret, interim chief financial officer of TTEC.
Bourret continued, "As we are pivoting to 2024, we remain focused on our strategic priorities that deliver improved profitable growth. We look forward to providing our full-year 2024 outlook when we announce our fourth quarter earnings results at the end of February."
| TTEC Full Year 2023 Outlook | ||
| Full Year 2023 Guidance |
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| Revenue | $2,433M — $2,453M | |
| Non-GAAP adjusted EBITDA | $270M — $280M | |
| Non-GAAP adjusted EBITDA margins | 11.1% — 11.4% | |
| Non-GAAP operating income | $198M — $208M | |
| Non-GAAP operating income margins | 8.1% — 8.5% | |
| Interest expense, net | ($73M) — ($75M) | |
| Non-GAAP adjusted tax rate | 23% — 25% | |
| Diluted share count | 47.4M — 47.6M | |
| Non-GAAP earnings per a share | $2.11 — $2.27 | |
| Engage Full Year 2023 outlook | ||
| Full Year 2023 Guidance |
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| Revenue | $1,950M — $1,966M | |
| Non-GAAP adjusted EBITDA | $198M — $206M | |
| Non-GAAP adjusted EBITDA margins | 10.2% — 10.5% | |
| Non-GAAP operating income | $136M — $144M | |
| Non-GAAP operating income margins | 7.0% — 7.3% | |
| Digital Full Year 2023 outlook | ||
| Full Year 2023 Guidance |
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| Revenue | $483M — $487M | |
| Non-GAAP adjusted EBITDA | $72M — $74M | |
| Non-GAAP adjusted EBITDA margins | 14.9% — 15.2% | |
| Non-GAAP operating income | $62M — $64M | |
| Non-GAAP operating income margins | 12.8% — 13.1% |
The Company has not quantitatively reconciled its guidance for Non-GAAP operating income, Non-GAAP operating income margins, Non-GAAP adjusted EBITDA, Non-GAAP adjusted EBITDA margins, or Non-GAAP earnings per share to their respective most comparable GAAP measures because certain of the reconciling items that impact these metrics, including restructuring and impairment charges, equity-based compensation expense, changes in acquisition contingent consideration, depreciation and amortization expense, and provision for income taxes are dependent on the timing of future events outside of the Company's control or cannot be reliably predicted. Accordingly, the Company is unable to provide reconciliations to GAAP operating income, operating income margins, EBITDA margins, and diluted earnings per share without unreasonable effort. Please note that the unavailable reconciling items could significantly impact the Company's 2023 financial results as reported under GAAP.