Earnings Call Summary | Hudson Global(HSON.US) Q4 2023 Earnings Conference
Earnings Call Summary | Hudson Global(HSON.US) Q4 2023 Earnings Conference
The following is a summary of the Hudson Global, Inc. (HSON) Q4 2023 Earnings Call Transcript:
以下是哈德森環球公司（HSON）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Hudson Global reported Q4 2023 revenue of $34 million, down 22% year-over-year.
Adjusted net revenue was at $17 million, a decrease of 26%.
SG&A costs were $16 million, down 17% from Q4 2022.
Adjusted EBITDA was $0.1 million, down from $2.4 million a year ago.
Net income was $0.7 million or $0.23 per diluted share, versus $0.1 million or $0.02 per diluted share in Q4 2022.
Revenue for the Americas business decreased 38% and adjusted net revenue decreased 37% in constant currency.
The company generated an adjusted EBITDA loss of $0.7 million in the Americas.
Asia Pacific revenue and adjusted net revenue each decreased 18% year-over-year with an adjusted EBITDA of $0.9 million.
Europe business' revenue and adjusted net revenue each dropped 17% against the prior year quarter, but the adjusted EBITDA of $0.6 million increased slightly from a year ago.
Cash and restricted cash at the end of the fourth quarter amounted to $23 million, and the company's working capital, excluding cash, significantly rose to $12.0 million from $7.3 million at the end of 2022.
哈德森環球報告稱，2023年第四季度收入爲3,400萬美元，同比下降22％。
調整後的淨收入爲1700萬美元，下降26％。
銷售和收購成本爲1,600萬美元，較2022年第四季度下降了17％。
調整後的息稅折舊攤銷前利潤爲10萬美元，低於去年同期的240萬美元。
淨收益爲70萬美元，攤薄每股收益爲0.23美元，而2022年第四季度爲10萬美元，攤薄每股收益爲0.02美元。
按固定貨幣計算，美洲業務的收入下降了38％，調整後的淨收入下降了37％。
該公司在美洲的調整後息稅折舊攤銷前利潤虧損70萬美元。
亞太地區收入和調整後的淨收入同比下降18％，調整後的息稅折舊攤銷前利潤爲90萬美元。
歐洲業務的收入和調整後的淨收入均比上一季度下降了17％，但調整後的息稅折舊攤銷前利潤爲60萬美元，比去年同期略有增加。
第四季度末的現金和限制性現金爲2300萬美元，公司的營運資金（不包括現金）從2022年底的730萬美元大幅增至1,200萬美元。
Business Progress:
業務進展：
Hudson Global made significant reductions in company costs while retaining client service quality and carried out several operational shifts, such as the recruitment of Jake Zabkowicz as Hudson RPO's Global CEO.
Plans include expanding geographic presence and service offerings to existing clients, projecting core business improvement in 2024.
11,000 shares repurchased in Q4 2023 and 44,000 shares in early 2024, viewing this as an attractive use of capital.
The recent acquisition in the Middle East strengthens their global presence and drives the goal of global expansion.
Business is projected to strongly rebound from Q2 2024 onwards, prompted by the significant new business wins in 2023.
Acquisitions in recent years have led to reflection of goodwill and net amortizable intangible assets on the balance sheet.
Days sales outstanding (DSO) reduced to 49 days in December 2023, down from 50 days a year previously.
哈德森環球在保持客戶服務質量的同時大幅降低了公司成本，並進行了幾次運營調整，例如聘請傑克·扎布科維奇擔任哈德遜RPO的全球首席執行官。
計劃包括擴大對現有客戶的地域影響力和服務範圍，預計2024年核心業務將有所改善。
2023年第四季度回購了11,000股股票，2024年初回購了4.4萬股，認爲這是一種有吸引力的資本用途。
最近在中東的收購加強了他們的全球影響力，推動了全球擴張的目標。
受2023年重大新業務勝利的推動，預計業務將從2024年第二季度開始強勁反彈。
近年來的收購使商譽和淨可攤銷的無形資產反映在資產負債表上。
未償還銷售天數 (DSO) 從去年同期的 50 天減少到 2023 年 12 月的 49 天。
More details: Hudson Global IR
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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。