Earnings Call Summary | CONVERGE TECHNOLOGY SOLUTIONS CORP(CTSDF.US) Q1 2024 Earnings Conference
Earnings Call Summary | CONVERGE TECHNOLOGY SOLUTIONS CORP(CTSDF.US) Q1 2024 Earnings Conference
The following is a summary of the Converge Technology Solutions Corp. (CTSDF) Q1 2024 Earnings Call Transcript:
以下是Converge Technology Solutions Corp.（CTSDF）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Converge Technology Solutions Corp. reported gross sales of $1 billion for Q1 2024, marking a 4.2% organic growth.
The company's gross profit saw an increase of 2.1%, reaching $175.3 million.
An improved adjusted EBITDA was reported at $42.2 million with a 2.9% YoY growth.
Converge exhibited strong cash generation, with $110.9 million from operating activities, a stunning 286% YoY growth.
They managed to cut down their net debt by $190 million YoY, reaching a net debt-to-EBITDA ratio of an impressive 0.8.
They announced a 50% dividend increase to $0.15 per share per quarter, or $0.06 per share annually.
Converge repurchased approximately 4.9 million shares this year, returning approximately $29 million of capital back to shareholders.
For Q2 2024, estimated gross profit will range from $175 million to $182 million with an expected adjusted EBITDA between $43 million to $46 million.
Converge Technology Solutions Corp. 報告稱，2024年第一季度的總銷售額爲10億美元，有機增長4.2％。
該公司的毛利增長了2.1％，達到1.753億美元。
調整後的息稅折舊攤銷前利潤有所改善，爲4,220萬美元，同比增長2.9％。
Converge表現出強勁的現金產生，經營活動產生了1.109億美元，同比增長了286％。
他們設法將淨負債同比減少了1.9億美元，淨債務與息稅折舊攤銷前利潤的比率達到了令人印象深刻的0.8。
他們宣佈將股息增加50％，至每季度0.15美元，合每年每股0.06美元。
Converge今年回購了約490萬股股票，向股東返還了約2900萬美元的資本。
2024年第二季度，預計毛利將在1.75億美元至1.82億美元之間，調整後的息稅折舊攤銷前利潤預計在4,300萬美元至4600萬美元之間。
Business Progress:
業務進展：
Converge shifted focus towards streamlining operations, pausing acquisitions until the launch of a new ERP system later this year.
They continue to hire experienced sellers and invest in AI capabilities.
They were recognized for their focus on AI and industry partnerships with multiple awards.
Growth in high-performance computing, analytics solutions, cybersecurity solutions and multi-year software licenses drove Converge's gross sales.
They are working on transforming into a high-margin business, with emphasis on professional services, managed services and AI solutions.
They secured 103 net new logos, diversifying their client base due to their commitment to cross-selling and hiring new sellers.
The company is working on deconsolidating Portage.
Converge is building relationships with key hardware clients and hyperscalers like Nvidia, AMD, IBM, HP, and more for AI solutions opportunities.
The company sees positive growth potential in their software business and the partner program changes from VMware and Broadcom.
Converge將重點轉移到精簡運營上，暫停收購，直到今年晚些時候推出新的ERP系統。
他們繼續僱用經驗豐富的賣家並投資人工智能能力。
他們因專注於人工智能和行業合作伙伴關係而獲得認可，並獲得了多個獎項。
高性能計算、分析解決方案、網絡安全解決方案和多年軟件許可證的增長推動了Converge的總銷售額。
他們正在努力向高利潤業務轉型，重點是專業服務、託管服務和人工智能解決方案。
由於他們致力於交叉銷售和僱用新賣家，他們淨獲得了 103 個新徽標，從而實現了客戶群的多元化。
該公司正在努力解散Portage。
Converge正在與關鍵硬件客戶和超大規模公司（例如Nvidia、AMD、IBM、惠普等）建立關係，以尋找人工智能解決方案的機會。
該公司認爲其軟件業務有正增長潛力，合作伙伴計劃也因VMware和Broadcom而有所變化。
More details: CONVERGE TECHNOLOGY SOLUTIONS CORP IR
更多詳情： 融合技術解決方案公司
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。