Mastech Digital

Mastech Digital, Inc. engages in the provision of digital transformation information technology services. It operates through the following segments: Data & Analytics Services, and Information Technology (IT) Staffing Services. The Data & Analytics Services segment delivers data management and analytics services to customers globally. The IT Staffing Services segment combines technical expertise with business process experience to deliver a broad range of services in digital and mainstream technologies. The company was founded by Ashok Trivedi and Sunil Tekchand Wadhwani in 1986 and is headquartered in Moon Township, PA.

Earnings data Q1 2024

Mastech Digital's Q1 2023 Earnings Call Reveals Disappointing Performance

Mastech Digital's Q1 2023 earnings call highlighted disappointing performance, with challenges in both the Data and Analytics Services and IT Staffing Services segments. However, sequential improvements and strategic efforts in the Data and Analytics Services segment provide a glimmer of hope for future growth.

Mastech Digital reports Q2 revenue decline, mitigates with new services

Mastech Digital faced revenue decline and margin challenges but maintains strong cash balances and borrowing availability. The company is adapting to macroeconomic headwinds and expanding its service offerings to mitigate declines in IT Staffing.

Mastech Digital reports Q3 revenue decline, focuses on transformation and cost reduction

Mastech Digital faced a 24% year-over-year revenue decline in Q3 2023, but showcased improved gross profit performance and a sound financial position. The Data and Analytics Services segment experienced disappointing bookings performance, but showed progress in transformation and improvement in gross margins. Challenges included macroeconomic headwinds impacting client spending dynamics and a decline in bookings. Opportunities exist in cost reduction efforts, potential industry vertical improvements, and the focus on data modernization services.

Mastech Digital reports Q4 revenue decline but sees opportunities ahead

Mastech Digital faced a decline in revenues and gross margins, attributed to macroeconomic headwinds. However, positive signs of increased customer demand and a commitment to the share buyback program reflect the company's resilience. Despite challenges, the company remains optimistic about improved financial performance in 2024.

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Mastech Digital, Inc. engages in the provision of digital transformation information technology services. It operates through the Data and Analytics Services and Information Technology (IT) Staffing Services segments. The Data and Analytics Services segment delivers data management and analytics services to customers globally. The IT Staffing Services segment combines technical expertise with business process experience to deliver a broad range of services in digital and mainstream technologies. The company was founded by Ashok Trivedi and Sunil Tekchand Wadhwani in 1986 and is headquartered in Moon Township, PA.

PITTSBURGH , April 23, 2024 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, has scheduled a conference call to discuss the results for the first quarter ended March 31, 2024. The conference call will occur on Wednesday, May 8th at 9:00 a.m.

Mastech Digital, Inc. to Discuss First Quarter 2024 Financial Results on May 8, 2024

Mastech Digital, Inc. (MHH) Q4 2023 Earnings Call Transcript

Its Data and Analytics Segment Reported Strong Order Bookings during the Quarter   PITTSBURGH , Feb. 7, 2024 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, announced today its financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights: Total consolidated revenues declined by 20% to $46.1 million, compared to revenues of $57.2 million in the fourth quarter of 2022; The Company's Data and Analytics Services segment reported revenues of $8.2 million, compared to $9.1 million in the fourth quarter of 2022, as existing clients curtailed spending in 2023; The IT Staffing Services segment achieved revenues of $37.9 million, compared to $48.1 million in the fourth quarter of 2022.

Mastech Digital Reports a 20% Year-over-Year Revenue Decline in the Fourth Quarter of 2023

Mastech Digital, Inc. (NYSE:MHH ) Q3 2023 Earnings Call Transcript November 1, 2023 9:00 AM ET Company Participants Jennifer Ford Lacey - Manager of Legal Affairs Jack Cronin - Chief Financial Officer Vivek Gupta - Chief Executive Officer Michael Fleishman - Chief Executive Officer, Data and Analytics Services Conference Call Participants Lisa Thompson - Zacks Investment Research Marc Riddick - Sidoti & Company Operator Greetings, and welcome to the Mastech Digital Q3 2023 Earnings Call. At this time, all participants are in a listen-only mode.

Mastech Digital, Inc. (MHH) Q3 2023 Earnings Call Transcript

Challenging Economic Conditions Impacted Both Business Segments during the Quarter   PITTSBURGH , Nov. 1, 2023 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, announced today its financial results for the third quarter ended September 30, 2023.   Third Quarter 2023 Highlights: Total consolidated revenues declined by 24% to $47.8 million, compared to revenues of $63.1 million in the third quarter of 2022; The Company's Data and Analytics Services segment reported revenues of $8.0 million, compared to $10.1 million in the third quarter of 2022, as existing clients curtailed spending in 2023 and third quarter bookings were short of our expectations; The IT Staffing Services segment achieved revenues of $39.8 million, compared to $53.1 million in the third quarter of 2022, with a decrease in billable consultants during the quarter, albeit at a slower rate than what we experienced in the previous two quarters; GAAP diluted earnings per share was $0.01 in the third quarter of 2023 versus $0.20 in the third quarter of 2022; Non-GAAP diluted earnings per share was $0.11 in the third quarter of 2023 versus $0.33 in the third quarter of 2022; and On September 30, 2023, the Company had no bank debt and held $15.9 million of cash balances on hand.

Mastech Digital Reports a 24% Year-over-Year Revenue Decline in the Third Quarter of 2023

PITTSBURGH , Oct. 26, 2023 /PRNewswire/ --  Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, has scheduled a conference call to discuss the results for the third quarter ended September 30, 2023. The conference call will occur on Wednesday, November 1st at 9:00 a.m.

Mastech Digital, Inc. To Discuss Third Quarter 2023 Financial Results On November 1, 2023

Challenging Economic Conditions Impacted Both Business Segments during the Quarter   PITTSBURGH , Aug. 2, 2023 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, announced today its financial results for the second quarter ended June 30, 2023.        Second Quarter 2023 Highlights: Total consolidated revenues declined by 16% to $52.2 million, compared to revenues of $62.1 million in the second quarter of 2022; The Company's Data and Analytics Services segment reported revenues of $8.8 million, compared to $11.2 million in the second quarter of 2022, as existing clients curtailed spending in 2023; The IT Staffing Services segment achieved revenues of $43.4 million, compared to $50.9 million in the second quarter of 2022, with a decrease in revenues from financial services clients being a key driver in this decline; GAAP diluted earnings (loss) per share was ($0.19) in the second quarter of 2023 versus $0.20 in the second quarter of 2022.

Mastech Digital Reports a 16% Year-over-Year Revenue Decline in the Second Quarter of 2023

PITTSBURGH , July 27, 2023 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, has scheduled a conference call to discuss the results for the second quarter ended June 30, 2023. The conference call will occur on Wednesday, August 2nd at 9:00 a.m.

Mastech Digital, Inc. to Discuss Second Quarter 2023 Financial Results on August 2, 2023

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Company's proven staffing engine to address Engineering talent gap across industries PITTSBURGH , May 31, 2023 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation Services, announced its entry into Engineering Staffing Services business. As a leading provider of Data and Analytics services and IT talent to corporations globally, the company now aims to also become a trusted partner for providing engineering talent nationwide.

Mastech Digital announces Expansion into Engineering Staffing Services

Mastech Digital, Inc. (NYSE:MHH ) Q1 2023 Results Earnings Conference Call May 3, 2023 9:00 AM ET Company Participants Jennifer Lacey - Manager, Legal Affairs Jack Cronin - Chief Financial Officer Vivek Gupta - President and Chief Executive Officer Michael Fleishman - Chief Executive Officer, Data and Analytics Services Conference Call Participants Lisa Thompson - Zacks Investment Research Marc Riddick - Sidoti & Company Ross Davisson - Banneton Capital Operator Greetings. And welcome to the Mastech Digital First Quarter 2023 Earnings Call.

Mastech Digital, Inc. (MHH) Q1 2023 Earnings Call Transcript

PITTSBURGH , May 3, 2023 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, announced today its financial results for the first quarter ended March 31, 2023.   First Quarter 2023 Highlights: Total consolidated revenues declined by 8% to $55.1 million, compared to revenues of $59.8 million in the first quarter of 2022; The Company's Data and Analytics Services segment reported revenues of $9.4 million, compared to $10.2 million in the first quarter of 2022, which represented a sequential increase of 3% over 2022 fourth quarter revenues in this segment; The IT Staffing Services segment achieved revenues of $45.7 million, compared to $49.6 million in the first quarter of 2022, as its consultants-on-billing headcount declined during the quarter; GAAP diluted earnings per share were $0.02 in the first quarter of 2023 versus $0.19 in the first quarter of 2022; Non-GAAP diluted earnings per share were $0.12 in the first quarter of 2023 versus $0.28 in the first quarter of 2022; and At March 31, 2023, the Company had no bank debt and held $9.1 million of cash balances on hand.

Mastech Digital Reports an 8% Year-over-Year Revenue Decline in a Challenging First Quarter of 2023

PITTSBURGH, Pa. , April 24, 2023 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, has scheduled a conference call to discuss the results for the first quarter ended March 31, 2023.

Mastech Digital, Inc. to Discuss First Quarter 2023 Financial Results on May 3, 2023

Growth has slowed at this company, despite market crushing returns since IPO. The potential for recession is the biggest risk the company faced.

Mastech Digital: Good Growth At A Decent Price

For the fourth time, Mastech Digital's CEO makes it to the elite 100 list by Staffing Industry Analysts PITTSBURGH , Feb. 22, 2023 /PRNewswire/ -- Mastech Digital's President and CEO, Vivek Gupta , has been named to the list of ' 2023 Most Influential Leaders of the Staffing Industry'  by Staffing Industry Analysts. This year's Staffing 100 North America executives led their companies through strong 14% growth in 2022 to $212.8 billion in revenue for the staffing industry.

Vivek Gupta Named to the list of 100 Most Influential Leaders in the North American Staffing Industry

Mastech Digital, Inc. (NYSE:MHH ) Q4 2022 Earnings Conference Call February 8, 2023 9:00 AM ET Company Participants Jennifer Lacey - Manager, Legal Affairs Vivek Gupta - Chief Executive Officer Jack Cronin - Chief Financial Officer Michael Fleishman - Chief Executive Officer, Data and Analytics Services Conference Call Participants Lisa Thompson - Zacks Investment Research Timothy Call - The Capital Management Corporation Marc Riddick - Sidoti Operator Greetings, and welcome to the Mastech Digital, Inc. Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen only mode.

Mastech Digital, Inc. (MHH) Q4 2022 Earnings Call Transcript

Board of Directors approves a 500,000-share repurchase program   PITTSBURGH , Feb. 8, 2023 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, announced today its financial results for the fourth quarter and full year ended December 31, 2022.  Additionally, the Company announced that the Board of Directors authorized a share repurchase program of up to 500,000-shares of Company common stock over the next two-years.

Mastech Digital Reports 9% Revenue Growth in 2022, Despite a 3% Decline in Fourth Quarter

PITTSBURGH , Jan. 27, 2023 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, has scheduled a conference call to discuss the results for the fourth quarter and full year ended December 31, 2022. The conference call will occur on Wednesday, February 8th at 9:00 a.m.

Mastech Digital, Inc. to Discuss Fourth Quarter and Full Year 2022 Financial Results on February 8, 2023

Mastech Digital has done well to grow its top and bottom lines over the past few years. This alone is a big positive, as is the fact that most of its performance remains impressive so far this year.

Mastech Digital: Steady And Consistent

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NEW YORK , Nov. 21, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Mastech Digital, Inc. ("Mastech" or the "Company") (NYSE: MHH).  Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Mastech Digital, Inc. - MHH

PITTSBURGH , Nov. 14, 2022 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, today announced the appointment of Mr. Michael Fleishman as the Chief Executive Officer of Mastech InfoTrellis effective immediately.

Mastech Digital Names Michael Fleishman as Chief Executive Officer of Its Data & Analytics Services Business

Mastech Digital, Inc. (NYSE:MHH ) Q3 2022 Earnings Conference Call November 2, 2022 9:00 AM ET Company Participants Jennifer Lacey - Manager, Legal Affairs Vivek Gupta - Chief Executive Officer Jack Cronin - Chief Financial Officer Conference Call Participants Lisa Thompson - Zacks Marc Riddick - Sidoti Operator Greetings and welcome to the Mastech Digital Inc. Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Mastech Digital, Inc. (MHH) Q3 2022 Earnings Call Transcript

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