DHI Group (DHX) Misses Q1 EPS by 2c, to Divest Certain Businesses

DHI Group (NYSE: DHX) reported Q1 EPS of $0.04, ex-items, $0.02 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $52.2 million versus the consensus estimate of $53.67 million.

• First quarter 2017 total revenues of $52.2 million, net income of $1.3 million and diluted EPS of $0.03
• Cash flow from operations of $14.5 million and Adjusted EBITDA of $10.5 million
• Announces plan for strategic divestitures of certain businesses to optimize execution of its tech-focused plan
• Continued progress on new initiatives with Open Web reaching 30% of Dice recruitment packages, solid growth in Dice Careers app usage and launch of assessment products

"In November 2016, we announced not only an initiative to review strategic alternatives related to the ownership of the Company, but also a tech-focused strategy to reinvigorate growth. While the Company's Board of Directors decided to terminate the review of strategic alternatives in April, we have been continuing to execute on the initiatives to improve our core tech talent acquisition services, add next generation solutions, and deepen our engagement with tech professionals," said Michael Durney, President and Chief Executive Officer of DHI Group, Inc. "Today, we announce a critical step in our strategy, a plan to divest certain businesses and align our talent in a more unified operating structure behind our core tech business to focus our resources on the global technology recruiting market, which we believe offers the greatest opportunity for growth and ultimately shareholder value creation."

(Updated)

For earnings history and earnings-related data on DHI Group (DHX) click here.

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