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Mar 31, 2024
IBEX Q3 2024 Earnings Report
IBEX reported strong Q3 2024 results with record performance.
Key Takeaways
IBEX announced strong third quarter fiscal year 2024 results, with record adjusted EBITDA margin and adjusted EPS. The company won three new clients and made progress in AI virtual agents and automated interactions.
Adjusted EBITDA reached $19.2 million, resulting in a record 15.1% adjusted EBITDA margin.
Adjusted EPS was $0.70, a record level.
Won three new clients in the quarter, totaling 15 year-to-date.
Board of directors authorized a new Share Repurchase Plan for up to $30 million over the next 12 months.
IBEX
IBEX
Forward Guidance
IBEX anticipates delivering full year results near the mid-point of adjusted EBITDA margin guidance while revenue will be near the lower end of the guidance provided last quarter. Capital expenditures guidance was revised downward.
Positive Outlook
- Full year revenue between $505 to $510 million.
- Adjusted EBITDA margin of approximately 12-13%.
- Capital expenditures revised downward to $10 to $13 million.
- Confident in the strategy to drive growth in higher margin offshore regions.
- Realizing cost savings through optimizing site footprint.