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

Earnings data Q2 2021

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Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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.

PITTSBURGH, Feb. 9, 2022 /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, 2021. Fourth Quarter 2021 Highlights: Total consolidated revenues grew organically by 21% to $59.0 million, compared to revenues of $48.7 million in the 2020 fourth quarter; The Company's Data and Analytics services segment reported revenues of $10.1 million, an increase of 13% over last year's $8.9 million; The IT Staffing segment achieved a 23% top-line growth on the strength of gains in its consultants-on-billing headcount; GAAP diluted earnings per share were $0.32 in the fourth quarter of 2021 versus $0.17 in the 2020 fourth quarter; and Non-GAAP diluted earnings per share were $0.34 in the fourth quarter of 2021 versus $0.29 in the 2020 fourth quarter.

Mastech Digital Reports Solid Fourth Quarter and Record Full Year 2021 Results

PITTSBURGH, Feb. 1, 2022 /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, 2021. The conference call will occur on Wednesday, February 9 th at 9:00 a.m.

Mastech Digital, Inc. to Discuss Fourth Quarter and Full Year 2021 Financial Results on February 9, 2022

Mastech Digital, Inc.'s (MHH) CEO Vivek Gupta on Q3 2021 Results - Earnings Call Transcript

PITTSBURGH, Oct. 27, 2021 /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, 2021. Third Quarter 2021 Highlights: Consolidated revenues totaled a record $59.5 million, a 26% increase over the third quarter 2020, with sequential growth of 11% when compared to the second quarter of 2021; The Company's Data and Analytics Services segment reported record revenues of $10.5 million, representing year-over-year organic growth of 19% and sequential growth of 18% over second quarter 2021, reflecting healthy pipeline activities during the first nine months of 2021; The IT Staffing Services segment reported record revenues of $49 million, an increase of 22% over third quarter of 2020 and representing sequential growth of 10% over second quarter 2021, largely due to a 24% increase in consultants-on-billing achieved during the first nine months of 2021; Consolidated gross margins increased 30 basis points on a year-over-year basis and were 120 basis points higher than in the second quarter of 2021; GAAP diluted earnings per share were $0.28 in the third quarter of 2021 versus $0.25 in the third quarter of 2020; Non-GAAP diluted earnings per share were $0.38 in the third quarter of 2021 versus $0.32 in the third quarter of 2020, and represented an improvement of $0.09 over the second quarter of 2021.

Mastech Digital Reports Record Third Quarter 2021 Results

Mastech Holdings (AMEX:MHH) is set to give its latest quarterly earnings report on Wednesday, 2021-10-27. Here's what investors need to know before the announcement.

Earnings Preview For Mastech Holdings

PITTSBURGH, Pa., Oct. 13, 2021 /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, 2021.

Mastech Digital, Inc. to Discuss Third Quarter 2021 Financial Results on October 27, 2021

PITTSBURGH, Sept. 16, 2021 /PRNewswire/ -- Mastech Digital (NYSE American: MHH), a leading provider of Digital Transformation IT Services, announced today that it will be presenting at the Sidoti & Company Fall 2021 Virtual Conference on September 22nd at 1:00PM ET.

Mastech Digital to Present at the Sidoti & Company Fall 2021 Virtual Small Cap Conference

Mastech Digital, Inc. (MHH) CEO Vivek Gupta on Q2 2021 Results - Earnings Call Transcript

PITTSBURGH, July 28, 2021 /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, 2021. Second Quarter 2021 Highlights: Consolidated revenues totaled $53.7 million, a 13% increase over the second quarter 2020, with sequential growth of 8% compared to the first quarter of 2021; The Company's Data and Analytics Services segment reported its second consecutive quarter of strong bookings as client demand increased in the second quarter of 2021; The IT Staffing Services segment added an additional 89 consultants-on-billing, an increase of 8% during the quarter, as demand for its services remained strong; Consolidated gross margins increased slightly during the quarter on a year-over-year basis and were 100 basis points higher than in the first quarter of 2021; GAAP diluted earnings per share were $0.31 in the second quarter of 2021 versus $0.25 in the second quarter of 2020; the second quarter of 2021 included a $2.0 million pre-tax gain related to a reduction in a contingent consideration liability; Non-GAAP diluted earnings per share were $0.29 in the second quarter of 2021 versus $0.33 in the second quarter of 2020, and represented an improvement of $0.10 over the first quarter of 2021.

Mastech Digital Reports Healthy Second Quarter 2021 Results

PITTSBURGH, July 19, 2021 /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, 2021. The conference call will occur on Wednesday, July 28th at 9:00 a.m.

Mastech Digital, Inc. to Discuss Second Quarter 2021 Financial Results on July 28, 2021

Mastech Digital, Inc. (MHH) CEO Vivek Gupta on Q1 2021 Results - Earnings Call Transcript

PITTSBURGH, April 28, 2021 /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, 2021. First Quarter 2021 Highlights: Consolidated revenues totaled $49.8 million, a 2% sequential increase over fourth quarter 2020; The Company's Data and Analytics Services segment reported a strong bookings performance during the quarter, despite flat revenues as compared to the previous quarter; Customer demand improved as the COVID-19 situation recovers in North America and drives our S,G&A investments to capture anticipated future revenues; The IT Staffing Services segment added a record 99 consultants-on-billing, an increase of 9% during the quarter, as the demand for its services continued to increase; Consolidated gross margins increased 50-basis points on a year-over-year basis; GAAP diluted earnings per share were $0.10 in the first quarter of 2021 versus $0.16 in the first quarter of 2020; Non-GAAP diluted earnings per share were $0.19 in the first quarter of 2021 versus $0.23 in the first quarter of 2020.

Mastech Digital Reports First Quarter 2021 Results

PITTSBURGH, Pa., April 20, 2021 /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, 2021.

Mastech Digital, Inc. to Discuss First Quarter 2021 Financial Results on April 28, 2021

PITTSBURGH, March 8, 2021 /PRNewswire/ -- Mastech Digital's President and CEO, Vivek Gupta , has been named to the list of "2021 Most Influential Leaders of the Staffing Industry" by Staffing Industry Analysts. The 2021 Staffing 100 North America list is a shout-out to those in the industry who helped take it forward; 2020 was particularly challenging as they led through the turbulent time of the pandemic.

Vivek Gupta Named Among the 100 Most Influential Leaders in the North American Staffing Industry

Mastech Digital, Inc. (MHH) CEO Vivek Gupta on Q4 2020 Results - Earnings Call Transcript

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Mastech Digital, Inc. (MHH) CEO Vivek Gupta on Q3 2020 Results - Earnings Call Transcript

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According to the All-in-One Screener, a Premium feature of GuruFocus, five stalwarts that have high financial strength and expanding operating margins include Mastech Digital Inc. (MHH), Columbia Sportswear Co. (NASDAQ:COLM), Medifast Inc. (NYSE:MED), Masimo Corp. (NASDAQ:MASI) and Edwards Lifesciences Corp. (NYSE:EW).

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Despite the recent rise in price, according to my valuation, MHH stock still has a +20% upside potential.

Mastech Digital: More Upside Potential

Mastech Digital, Inc. (MHH) CEO Vivek Gupta on Q2 2020 Results - Earnings Call Transcript

Mastech Digital, Inc. (MHH) CEO Vivek Gupta on Q1 2020 Results - Earnings Call Transcript

Mastech Digital, Inc. (MHH) CEO Vivek Gupta on Q4 2019 Results - Earnings Call Transcript

Mastech Digital: Growth, Value, And Momentum At An Attractive Price

Mastech Digital's (MHH) CEO Vivek Gupta on Q3 2019 Results - Earnings Call Transcript

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