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) is a provider of AI-powered career marketplaces focused on technology roles, and this news page aggregates coverage related to its operations, brands, and corporate developments. The company’s two primary brands, Dice and ClearanceJobs, enable recruiters and hiring managers to search for and connect with highly skilled technology professionals and security-cleared professionals, and many of its news items highlight how these platforms evolve and respond to trends in tech hiring and national security recruitment.
Investors and observers can find earnings announcements and financial updates, often released via press releases and furnished on Form 8-K, where DHI reports quarterly results, discusses performance by brand, and comments on profitability, bookings, and cash flow. These items may also include management’s discussion of non-GAAP measures such as Adjusted EBITDA, Free Cash Flow, and Non-GAAP Earnings Per Share, along with explanations of how these metrics are used.
The feed also includes corporate actions and capital allocation news, such as Board-authorized stock repurchase programs that outline the size, duration, and funding of share repurchases. Organizational changes, including restructuring activities related to the Dice brand and associated cost-savings expectations, are disclosed through SEC filings and accompanying press releases and are reflected in the news flow.
Because DHI’s brands operate in specialized segments, readers will also see brand-specific announcements. Examples include ClearanceJobs forming or expanding its Policy Advisory Board with experienced national security leaders, and Dice publishing research on topics like the trust gap in AI-driven hiring. These stories provide context on how DHI engages with the tech and cleared communities, offers insights to employers and professionals, and positions its marketplaces in relation to evolving hiring practices. For ongoing updates on DHX, this page centralizes company-issued releases and related coverage.
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.
ClearanceJobs, a DHI Group (NYSE: DHX) brand and the largest online community for cleared cyber talent, has been recognized by the White House for its commitment to skills-based hiring in cybersecurity. The recognition was announced during a presentation by National Cyber Director Harry Coker as part of the Biden-Harris Administration's National Cyber Workforce and Education Strategy.
The platform registered over 6,000 new IT professionals, including 1,500 cybersecurity specialists in October. ClearanceJobs is launching new initiatives including a video series highlighting 250+ cyber skills-based positions, weekly articles, bi-weekly livestreams, and targeted email campaigns for professionals with cyber critical skills but without college degrees.
This recognition aligns with White House efforts to develop locally-driven ecosystems connecting professionals with cybersecurity careers through partnerships between employers, academia, non-profits, and governments.
DHI Group reported Q3 2024 financial results with total revenue of $35.3 million, down 6% year over year. ClearanceJobs revenue grew 6% to $13.4 million, while Dice revenue declined 12% to $21.9 million. The company posted a net loss of $0.2 million ($0.00 per share) compared to net income of $1.0 million ($0.02 per share) in Q3 2023. Adjusted EBITDA was $8.6 million with a 24% margin. The company expects Q4 bookings to decline 8-10% year over year and revenue to decrease 7-8%. Additionally, CFO Raime Leeby will step down effective November 15, 2024, with Greg Schippers appointed as Interim CFO.
DHI Group (NYSE: DHX) announced it will report its third quarter 2024 financial results on November 12, 2024, after market close. President and CEO Art Zeile and CFO Raime Leeby will host a conference call and webcast at 5:00pm Eastern time. DHI Group operates AI-powered career marketplaces Dice and ClearanceJobs, focusing on technology roles with a patented algorithm managing over 100,000 unique technology skills.
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