DHI Group, Inc. (NYSE:DHX) Q1 2019 Earnings Conference Call Transcript

May 02, 2019 • 05:00 pm ET


DHI Group, Inc. (NYSE:DHX) Q1 2019 Earnings Conference Call Transcript


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Good afternoon. My name is Josh, and I will be your conference operator today. At this time, I would like to welcome everyone to the Q1 2019 DHI Group Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers remarks, there will be a question-and-answer session. (Operator Instructions)

Thank you. Todd Kehrli with MKR Investor Relations, you may begin.

Todd Kehrli

Thank you, operator, good afternoon, and welcome to the DHI Group's first quarter fiscal 2019 financial results conference call. With me on today's call are DHI's CEO, Art Zeile; and Chief Financial Officer, Luc Gregoire.

Before I turn the call over to Art, I'd like to cover a few quick items. This afternoon, DHI issued a press release announcing its first quarter fiscal 2019 financial results. That release is available on the Company's website at dhigroupinc.com. This call is being broadcast live over the Internet for all interested parties, and the webcast will be archived on the Investor Relations page of the Company's website.

I'd like to remind everyone that on today's call management will make forward-looking statements that involve risks and uncertainties. Please note that except for the historical information, statements on this call may constitute forward-looking statements within the meaning of section 21E of the Securities and Exchange Act of 1934. When used the words anticipates, believes, expects, intends, future and other similar expressions identifies forward-looking statements.

These forward-looking statements reflect management's current views with respect to future events and financial performance and are subject to risks and uncertainties, and actual results may differ materially from the outcomes contained in any forward-looking statements. Factors that could cause these forward-looking statements differ from actual results include delays in development, marketing or sales, and other risks and uncertainties discussed in the Company's periodic reports on Form 10-K and 10-Q and other filings with the Securities and Exchange Commission. DHI undertakes no obligation to update or revise any forward-looking statements.

Lastly, during today's call, management will be referring to certain financial measures including adjusted revenues, adjusted EBITDA and adjusted EBITDA margin, which are not prepared in accordance with U.S. GAAP. Information about and reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are available in our earnings release, which is posted on our website at dhigroupinc.com in the Investor Relations section.

I will now turn the call over to Art Zeile, CEO of DHI Group.

Art Zeile

Thank you, Todd. Good afternoon, everyone, and welcome to our first quarter fiscal 2019 earnings conference call. We appreciate your interest in DHI. We are pleased to report another quarter of improved financial results, highlighted by year-over-year growth in our ongoing tech-focused revenue. This is a significant milestone because it's the first time that our revenue has grown in several years.

At the same time, we continue to deliver solid adjusted EBITDA margins at 23%, a sequential increase of 1 percentage point. We have done so, while also investing in and launching a new commercial sales team