DHI Group, Inc. - DHX STOCK NEWS

DHI Group, Inc. (NYSE: DHX) has authorized a new stock repurchase program allowing for the buyback of up to $10 million of its common stock, following the significant utilization of its previous $15 million program, which repurchased approximately 2.6 million shares since February 2022. This new program is effective immediately and will continue through February 2024. CFO Kevin Bostick stated this decision reflects the company's commitment to enhancing shareholder value and confidence in its strategic priorities. Repurchases will be conducted in compliance with securities laws and may vary based on market conditions.

DHI Group, Inc. (NYSE: DHX) reported financial results for Q4 and the full year ended December 31, 2022, showcasing robust growth. Q4 revenue rose 18% to $39.8 million, with net income increasing to $2.4 million from $0.2 million year-over-year. Adjusted EBITDA stood at $8.1 million, maintaining a 20% margin. For the full year, total revenue reached $149.7 million, a 25% increase. The company witnessed a net income turnaround from a $29.7 million loss to $4.2 million. Looking ahead, DHI anticipates low double-digit revenue growth in 2023 and aims to preserve adjusted EBITDA margins around 20%.

DHI Group, Inc. (NYSE: DHX) will report its fourth quarter and full year financial results for the period ending December 31, 2022, on February 7, 2023. The announcement will occur after market close, followed by a conference call and webcast at 5:00 PM ET, featuring CEO Art Zeile and CFO Kevin Bostick. Investors can access the results through the Investor Relations section of the company's website. A replay of the call will be available until February 14, 2023. DHI focuses on AI-powered career marketplaces for technology roles, operating Dice and ClearanceJobs brands.

Job postings for technology roles increased by 25% from January to October 2022 compared to 2021, according to the Tech Job Report by Dice. Over 375,000 tech jobs were posted in October 2022, driven by high demand in non-tech sectors like healthcare and finance. Despite significant tech layoffs, demand for tech talent remains strong, particularly for software and data roles, which saw posting increases of 139.5% and 121.5%. Emerging tech hubs like Florida and Texas are experiencing notable growth in job postings.

DHI Group, Inc. (NYSE: DHX) highlights a significant trend in tech employment in its recent survey. As of October 2022, tech unemployment is low at 2.2%, and 52% of technologists are willing to change jobs within a year, reflecting a growing confidence in their skills and market opportunities. The survey indicates a 63% increase in job-switching willingness over two years. Key factors influencing job choices include salary competitiveness, work-life balance, and company reputation. The report emphasizes the need for employers to adapt in a competitive talent market.

DHI Group, Inc. (NYSE: DHX) reported strong financial results for Q3 2022, with total revenue at $38.5 million, marking a 25% increase year-over-year. Bookings also rose by 19% to $36.5 million. Despite a net loss of $0.9 million, the company improved its Adjusted Diluted EPS to $0.02 from a loss of $0.01 last year. DHI raised its full-year revenue guidance to $148.5 million - $149.5 million, expecting continued growth driven by strong demand for tech professionals. Cash flow from operations was robust at $9.2 million, with total debt at $30 million.

DHI Group, Inc. (NYSE: DHX) will report its third-quarter financial results for the period ending September 30, 2022, on November 2, 2022, after the market closes. A conference call hosted by CEO Art Zeile and CFO Kevin Bostick will take place at 5:00 PM ET to discuss the results. The press release will be available on the Company's website prior to the call. Interested parties can join the call by dialing the appropriate numbers for local or international access. A replay will be accessible until November 9, 2022.

ClearanceJobs, a brand of DHI Group, Inc. (NYSE: DHX), hosted its ClearanceJobs Connect 2022 event in Reston, Virginia, attracting over 200 attendees from the security cleared recruiting community. The event showcased the growing demand for talent in national security, with registration nearly tripling since its debut in 2021. Key speakers included government officials and industry leaders who discussed innovative recruiting strategies and the importance of collaboration in improving security clearance processes. ClearanceJobs aims to connect highly skilled professionals and employers in national security.

DHI Group, Inc. (NYSE: DHX) has been awarded the Great Place to Work Certification™, with 92% of employees affirming it's a great workplace—35 points above the U.S. average. This certification emphasizes employee satisfaction and is critical for recruitment and retention. DHI invests in a flexible work environment, diversity, and mental health programs. The company connects talent in technology roles through its brands, Dice and ClearanceJobs, underlining their commitment to fostering a positive workplace culture that drives innovation and performance.