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:
以下是哈德森环球公司（HSON）2023年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
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.
哈德森环球报告称，2023年第四季度收入为3,400万美元，同比下降22％。
调整后的净收入为1700万美元，下降26％。
销售和收购成本为1,600万美元，较2022年第四季度下降了17％。
调整后的息税折旧摊销前利润为10万美元，低于去年同期的240万美元。
净收益为70万美元，摊薄每股收益为0.23美元，而2022年第四季度为10万美元，摊薄每股收益为0.02美元。
按固定货币计算，美洲业务的收入下降了38％，调整后的净收入下降了37％。
该公司在美洲的调整后息税折旧摊销前利润亏损70万美元。
亚太地区收入和调整后的净收入同比下降18％，调整后的息税折旧摊销前利润为90万美元。
欧洲业务的收入和调整后的净收入均比上一季度下降了17％，但调整后的息税折旧摊销前利润为60万美元，比去年同期略有增加。
第四季度末的现金和限制性现金为2300万美元，公司的营运资金（不包括现金）从2022年底的730万美元大幅增至1,200万美元。
Business Progress:
业务进展：
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.
哈德森环球在保持客户服务质量的同时大幅降低了公司成本，并进行了几次运营调整，例如聘请杰克·扎布科维奇担任哈德逊RPO的全球首席执行官。
计划包括扩大对现有客户的地域影响力和服务范围，预计2024年核心业务将有所改善。
2023年第四季度回购了11,000股股票，2024年初回购了4.4万股，认为这是一种有吸引力的资本用途。
最近在中东的收购加强了他们的全球影响力，推动了全球扩张的目标。
受2023年重大新业务胜利的推动，预计业务将从2024年第二季度开始强劲反弹。
近年来的收购使商誉和净可摊销的无形资产反映在资产负债表上。
未偿还销售天数 (DSO) 从去年同期的 50 天减少到 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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译文内容由第三方软件翻译。