Welcome to our dedicated page for Dhi Group news (Ticker: DHX), a resource for investors and traders seeking the latest updates and insights on Dhi Group stock.
DHI Group, Inc. (NYSE: DHX), formerly known as Dice Holdings, Inc., stands as a prominent provider of specialized websites and services catering to professional communities across various sectors such as technology, security clearance, financial services, energy, healthcare, and hospitality. The company's mission is to empower professionals and organizations to thrive by offering specialized insights and forging relevant connections.
Employers and recruiters leverage DHI Group's platforms to source and hire highly qualified professionals in niche and highly-skilled occupations. Likewise, professionals use these platforms to discover prime employment opportunities and stay informed with the latest news and information pertinent to their fields of expertise.
For nearly 25 years, DHI Group has carved a niche by providing employers and recruiters with efficient access to high-quality, unique professional communities. Simultaneously, it ensures these communities have access to top-tier career opportunities, news, tools, and information.
DHI Group's Brands and Services:
- Dice: A dedicated career hub for technology professionals, enabling recruiters and hiring managers to efficiently find and connect with skilled technologists.
- ClearanceJobs: A specialized platform that connects recruiters with candidates holding active government security clearances, ensuring employers find the right talent for sensitive and classified roles.
The majority of DHI Group's revenue is generated from the sale of recruitment packages. These packages allow customers to promote jobs on their websites and access a comprehensive resume database. Typically, these services are offered through contractual arrangements with flexible payment terms, be it annual, quarterly, or monthly.
Recent achievements and projects at DHI Group highlight its commitment to innovation and efficiency. The company continues to enhance its offerings with artificial intelligence-powered software products and online tools, delivering superior career marketplaces to both candidates and employers on a global scale.
DHI Group, Inc. remains a pivotal player in the recruitment industry, driving forward with a clear focus on connecting specialized talent with the right opportunities. Its continuous adaptation to industry needs and technological advancements keeps it at the forefront of professional community services.
DHI Group (NYSE: DHX) reported its Q4 and full-year 2024 financial results. In Q4, total revenue decreased 7% YoY to $34.8 million, with ClearanceJobs revenue growing 7% to $13.8 million while Dice revenue declined 14% to $21.0 million. Q4 net income was $1.0 million ($0.02 per share), down from $2.1 million ($0.05 per share) in the previous year.
For full-year 2024, total revenue fell 7% to $141.9 million. ClearanceJobs revenue increased 8% to $54.1 million, while Dice revenue dropped 14% to $87.8 million. Full-year net income was $0.3 million ($0.01 per share), compared to $3.5 million ($0.08 per share) in 2023. The company projects 2025 revenue between $131-135 million with Q1 revenue expected at $32-33 million, targeting an Adjusted EBITDA margin of 24%.
DHI Group, Inc. (NYSE: DHX) has announced two key executive appointments approved by its board of directors. Greg Schippers, who has been serving as Interim CFO since November 2024, has been appointed as Chief Financial Officer. Schippers, who joined DHI in 2014 as VP of Finance and Controller, will oversee financial planning, accounting, reporting, investor relations, treasury, internal audit, and tax.
Jack Connolly, who has served as General Counsel since May 2023, has been appointed as Chief Legal Officer. Connolly, who joined DHI in 2018, will manage legal affairs including IP, M&A, strategic alliances, corporate securities, litigation, employment law, and data privacy. Both appointments become effective January 28, 2025, making both executives subject to Section 16a of the Securities Exchange Act of 1934.
DHI Group (NYSE: DHX) has announced the formation of the ClearanceJobs Policy Advisory Board, strengthening its position in the national security workforce sector. The board comprises distinguished experts including William Evanina (former NCSC Director), Ellen McCarthy (former Assistant Secretary of State for INR), Jamie Jones Miller (former Principal Deputy Assistant Secretary of Defense), and Charles Phalen (former Acting Director of DCSA).
The board's establishment aims to enhance ClearanceJobs' role in addressing federal government challenges in recruiting and retaining cleared professionals. As the leading online career platform for security-cleared professionals, ClearanceJobs will leverage the board's expertise to advance solutions for federal agencies and the cleared professional community.
Founded in 2002, ClearanceJobs operates as a secure marketplace connecting security-cleared professionals with employers in the national security sector, offering features such as instant messaging and company branding capabilities.
DHI Group (NYSE: DHX) has implemented a shareholder rights plan to protect approximately $109 million in net capital loss carryforwards (Carryforwards) as of September 30, 2024. The plan aims to prevent an 'ownership change' under Section 382 of the Internal Revenue Code by deterring any person or group from acquiring 4.99% or more of DHI's outstanding common stock without Board approval.
The company will distribute one 'right' per outstanding share to stockholders of record by February 7, 2025. If triggered, rights holders can purchase additional shares at a 50% discount, except for the triggering person. The plan expires on January 28, 2028, unless stockholders fail to ratify it at the 2025 Annual Meeting.
DHI Group (NYSE: DHX) has announced it will release its fourth quarter and full year 2024 financial results on Wednesday, February 5, 2025, after market close. The company will host a conference call and webcast at 5:00pm Eastern time, led by President and CEO Art Zeile and Interim CFO Greg Schippers.
Participants can access the call by dialing +1-844-890-1790 (US) or +1-412-380-7407 (international). A replay will be available until February 12, 2025. DHI Group operates AI-powered career marketplaces focusing on technology roles through its brands Dice and ClearanceJobs, featuring a patented algorithm that manages over 100,000 unique technology skills.
DHI Group (NYSE: DHX) has announced a new stock repurchase program authorized by its Board of Directors, allowing for the repurchase of up to $5 million of the company's common stock. The program will be effective from February 10, 2025 through February 9, 2026.
Management will have discretion over the conditions of share purchases, including block trades. The repurchases will be conducted through open market, private transactions, or other means, with timing, price, and structure at the company's sole discretion. The authorization doesn't obligate DHI to acquire any specific amount of shares, and the program can be suspended, modified, or terminated by the Board at any time.
Greg Schippers, Interim CFO, stated the program reflects confidence in the company's strategic priorities and business strength, noting they will monitor the program considering capital market and economic changes.
DHI Group (NYSE: DHX) announced a strategic reorganization splitting its operations into two distinct divisions for Dice.com and ClearanceJobs.com. The restructuring, expected to complete by February 2025, will reduce the workforce by 8% and establish dedicated brand leadership while maintaining centralized support functions.
Key changes include Paul Farnsworth becoming President of Dice and Alex Schildt assuming the role of President of ClearanceJobs. The company expects to incur $2.2 million in severance-related charges in Q1 2025, with payments completed by Q3 2025. The reorganization is projected to generate annual cost savings of $4.0-6.0 million, with benefits beginning immediately after implementation.
DHI Group (NYSE: DHX) has announced its participation in the Sidoti & Co. Virtual Investor Conference scheduled for January 23, 2025. CEO Art Zeile and Interim CFO Greg Schippers will deliver a presentation at 1:00 p.m. EST and conduct one-on-one meetings with institutional investors throughout the day.
The presentation will be accessible via webcast on DHI Group's investor relations website, with an audio recording archived for future reference. DHI Group operates AI-powered career marketplaces focusing on technology roles through its brands Dice and ClearanceJobs. The company's patented algorithm manages over 100,000 unique technology skills, enabling recruiters and hiring managers to efficiently connect with skilled technology professionals.
DHI Group's Dice brand released its 20th annual Tech Salary Report, revealing that 47% of technology professionals are actively seeking new roles in 2025, up from 29% last year. The average tech salary reached $112,521 in 2024, a modest 1.2% year-over-year increase.
Key findings show that AI and machine learning skills command a 17.7% salary premium. Manufacturing led industry salary growth at 15.1%, while Silicon Valley maintains the highest tech salaries despite a 7.3% decline. The report indicates that 59% of tech professionals feel underpaid, coinciding with companies reducing benefits across categories. Mid-career professionals saw 6% salary growth, while consulting, software, and banking/finance remain the highest-paying industries, each exceeding $125,000 average salaries.
DHI Group (NYSE: DHX) has announced its participation in the upcoming iAccess Alpha Virtual Best Ideas Winter Conference 2024, scheduled for December 10-11, 2024. CEO Art Zeile and Interim CFO Greg Schippers will deliver a presentation on December 10th at 1:30 p.m. EST and conduct one-on-one meetings with institutional investors on December 11th.
The conference features webcast presentations on the first day and dedicated one-on-one meetings between company management and investors on the second day. DHI Group operates AI-powered career marketplaces focusing on technology roles through its brands Dice and ClearanceJobs, utilizing a patented algorithm that manages over 100,000 unique technology skills to connect recruiters with skilled technology professionals.
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