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 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Mastech Digital reports Q4 challenges, eyes growth in data market

Mastech Digital navigated challenges in Q4 2022 with declining revenues and lower margins but showed resilience with a 9% revenue growth for the full year. The company's strengths include a strong balance sheet, growth prospects for 2023, and a focus on data modernization market.
While facing economic uncertainties and client spending caution, Mastech Digital is poised for growth in 2023 with improved demand, a larger pool of IT resources, and opportunities in the data modernization market. Addressing challenges and leveraging opportunities will be crucial for the company's future success.

Mastech Digital reports Q1 revenue decline, focuses on operational improvements

Mastech Digital faced challenges in Q1 2023 with revenue decline and margin pressure, but maintained a strong financial position.
Efforts to address operational issues and capitalize on growth opportunities signal a proactive approach to navigating market challenges.
Analyst inquiries and strategic initiatives suggest a focus on improving performance and driving long-term value creation for stakeholders.

Mastech Digital reports Q2 revenue decline, focuses on data services

Mastech Digital faced revenue decline and challenges in Q2 2023 but showed strengths in order bookings and data modernization services.
The company's focus on cost control and strategic service expansions present opportunities for future growth.
Navigating macroeconomic headwinds remains a challenge, but Mastech Digital is confident in its fundamentals and growth prospects.

Mastech Digital reports Q3 revenue decline but strengthens profitability

Mastech Digital navigated a challenging Q3 2023 with revenue decline but showcased improved profitability and efforts to control expenses. Despite facing headwinds, the company secured new contracts and maintained a healthy cash balance, indicating resilience and strategic focus.

Mastech Digital reports Q4 revenue decline, focuses on resilience

Mastech Digital's Q4 2023 saw revenue decline and a net loss, but the company maintained financial strength with no debt. Challenges include leadership changes and competitive pressures, while opportunities lie in addressing economic conditions and leveraging customer demand.

Mastech Digital reports mixed Q1 results, eyes growth opportunities

Mastech Digital's Q1 2024 performance showed revenue decline but sequential growth, with strong gross margin improvements and positive client trends.
The company faces challenges in reversing revenue decline, achieving profitability, and managing stock buybacks amidst financial losses.
Opportunities lie in capitalizing on IT staffing demand, data modernization trends, and enhanced client relationships for future growth and expansion.

Mastech Digital excels in Q2 with record revenues and margins

Mastech Digital delivered strong financial performance in Q2 2024, with revenue growth and margin expansion.
The company's focus on operational efficiency, financial discipline, and strategic growth initiatives bode well for future prospects.
While challenges persist in a competitive landscape, Mastech Digital's proactive approach and market positioning offer opportunities for sustained success.

Mastech Digital reports robust Q3 performance and eyes growth opportunities

Mastech Digital delivered a strong performance in Q3 2024, with revenue growth, improved gross margin, and solid net income figures, reflecting operational efficiency and financial stability.
The company's focus on operational improvements, financial strength, and market positioning presents opportunities for sustained growth and value creation in the evolving digital services landscape.
While challenges exist in managing costs and sustaining growth momentum, Mastech Digital's strategic focus on efficiency and market opportunities positions it well for future success and expansion.

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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.

Mastech Digital, Inc. (NYSE:MHH ) Q3 2024 Earnings Conference Call November 6, 2024 9:00 AM ET Company Participants Jenna Lacey – Manager-Legal Affairs Jack Cronin – Chief Financial Officer Vivek Gupta – Chief Executive Officer Conference Call Participants Lisa Thompson – Zacks Investment Research Marc Riddick – Sidoti Operator Greetings and welcome to the Mastech Digital Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Mastech Digital, Inc. (MHH) Q3 2024 Earnings Call Transcript

Consolidated Gross Margins of 28.5% Set a New Mastech Digital Record for the Quarter PITTSBURGH , Nov. 6, 2024 /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, 2024.   Third Quarter 2024 Highlights: Total consolidated revenues increased by $4.1 million on a year-over-year basis and by $2.3 million on a sequential quarterly basis to $51.8 million and represented our third consecutive quarter of revenue growth; The Company's Data and Analytics Services segment reported revenues of $9.4 million, which were 17% higher than revenues in the third quarter of 2023 and 6% higher on a sequential basis from the second quarter of 2024; The IT Staffing Services segment delivered revenues of $42.4 million, achieving year-over-year growth of 7% and sequential quarterly growth of 4% when compared to revenues reported in the second quarter of 2024; Gross margins achieved during the third quarter of 2024 were a Company performance record 28.5%, surpassing our previous gross margin record from the previous quarter; GAAP diluted earnings per share was $0.16 in the third quarter of 2024, versus $0.01 in the third quarter of 2023 and $0.12 in the second quarter of 2024; and Non-GAAP diluted earnings per share was $0.23 in the third quarter of 2024, versus $0.11 in the third quarter of 2023 and $0.19 in the second quarter of 2024.

Mastech Digital Reports 8% Year-over-Year Revenue Growth and 5% Sequential Revenue Growth for the Third Quarter 2024

PITTSBURGH , Oct. 30, 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 third quarter ended September 30, 2024. The conference call will occur on Wednesday, November 6th at 9:00 a.m.

Mastech Digital, Inc. to Discuss Third Quarter 2024 Financial Results on November 6, 2024

Mastech Digital, Inc. (NYSE:MHH ) Q2 2024 Earnings Conference Call August 7, 2024 9:00 AM ET Company Participants Jennifer Lacey - Manager of Legal Affairs Jack Cronin - Chief Financial Officer Vivek Gupta - Chief Executive Officer Conference Call Participants Lisa Thompson - Zacks Investment Research Marc Riddick - Sidoti & Company Operator Greetings, and welcome to the Mastech Digital Q2 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Mastech Digital, Inc. (MHH) Q2 2024 Earnings Call Transcript

Consolidated Gross Profit Margins of 28.2% Set a New Quarterly Record for Mastech Digital PITTSBURGH , Aug. 7, 2024 /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, 2024.   Second Quarter 2024 Highlights: Total consolidated revenues increased by $2.7 million on a sequential quarterly basis to $49.5 million and represented our second consecutive quarter of revenue growth; The Company's Data and Analytics Services segment reported revenues of $8.9 million, which were approximately 10% higher sequentially than revenues of $8.1 million reported in the first quarter of 2024; The IT Staffing Services segment reported revenues of $40.7 million, achieving sequential quarterly revenue growth of 5% when compared to revenues reported in the first quarter of 2024; Gross profit margins during the second quarter of 2024 achieved a Company quarterly performance record of 28.2%, as the Company's two business segments reported margin improvements on both a year-over-year and a sequential quarterly basis; GAAP diluted earnings (loss) per share was $0.12 profit in the second quarter of 2024, versus a ($0.19) loss in the second quarter of 2023 and a ($0.01) loss in the first quarter of 2024; and Non-GAAP diluted earnings per share was $0.19 in the second quarter of 2024, versus $0.11 in the second quarter of 2023 and $0.06 in the first quarter of 2024.

Mastech Digital Reports 6% Sequential Revenue Growth for the Second Quarter of 2024

PITTSBURGH , July 31, 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 second quarter ended June 30, 2024. The conference call will occur on Wednesday, August 7th at 9:00 a.m.

Mastech Digital, Inc. to Discuss Second Quarter 2024 Financial Results on August 7, 2024

PITTSBURGH , July 31, 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. has an IT Staffing services segment. MHH also has a Data & Analytics services segment that offers AI consulting services & solutions, primarily to the healthcare and financial sectors. Mastech Digital has a fortress balance sheet and low valuation based on absolute and relative valuation analysis.

Mastech Digital Is Cheap With Fortress Balance Sheet And Positive Outlook

Mastech Digital, Inc. (NYSE:MHH ) Q1 2024 Earnings Conference Call May 8, 2024 9:00 AM ET Company Participants Jennifer Lacey - Manager of Legal Affairs Jack Cronin - Chief Financial Officer Vivek Gupta - Chief Executive Officer Conference Call Participants Lisa Thompson - Zacks Investment Research Timothy Call - Capital Management Corporation Marc Riddick - Sidoti & Company Operator Greetings, and welcome to the Mastech Digital First Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Mastech Digital, Inc. (MHH) Q1 2024 Earnings Call Transcript

The IT Staffing Services Segment Increases its Billable Consultant Base by 6% during the Quarter   PITTSBURGH , May 8, 2024 /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, 2024.   First Quarter 2024 Highlights: Total consolidated revenues declined by 15% to $46.8 million, compared to revenues of $55.1 million in the first quarter of 2023.

Mastech Digital Reports Sequential Revenue Growth for the First Time since the Third Quarter of 2022

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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Chuck Royce (Trades, Portfolio) is the investment manager of Royce Investment Partners, formerly Royce & Associates. His investment firm specifically focuses on small-cap stock investing.

Chuck Royce Loads Up on 3 Cyclical Small Caps in 1st Quarter

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.

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