CNXC
Concentrix Corporation39.45
+0.67+1.73%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Key Stats
Market Cap
2.49BP/E (TTM)
8.36Basic EPS (TTM)
4.72Dividend Yield
0.03%Recent Filings
8-K
Refinances $600M notes cheaper
8-K
Prices $600M notes to refinance
10-K
FY2025 results
Concentrix posted FY2025 revenue of $9.8B, up 2.2% y/y, with Q4 strength in retail (+3.0%), communications (+4.2%), and banking (+5.5%) verticals offsetting softer tech and healthcare. Gross margins slipped to 35.0% from 35.9% amid volume pressures and FX headwinds, yet non-GAAP operating income held at 12.8% while GAAP swung to a $(918M) loss on $1.5B goodwill impairment from sustained stock weakness. Free cash flow surged to $573M, funding $169M buybacks and $90M dividends under the $600M program. $4.6B debt carries manageable leverage; $1.6B liquidity intact. Cyberattacks loom as a key risk to quarterly operations.
8-K
Beat guidance, impairment hit
Concentrix beat Q4 revenue guidance with $2.6B, up 4.3% YoY, and full-year $9.8B, up 2.2%, despite a $1.5B non-cash goodwill impairment slamming GAAP to a $1.5B net loss. Record $807M operating cash flow and $626M adjusted free cash flow fueled $258M shareholder returns and $184M net debt cut. Guides 2026 revenue to $10.0-10.2B. Cash flow crushes estimates.
10-Q
Q3 FY2025 results
Concentrix revenue climbed 4.0% y/y to $2.5B in Q3 FY2025 ended August 31, while gross margin slipped to 34.4% from 36.2% on volume mix shifts; operating income edged down 4.1% y/y to $147M yet held steady at 5.9%. Diluted EPS jumped to $1.34 from $0.25, confirmed against 62.7M shares with minor anti-dilution from buybacks. Operating cash flow strengthened 21% y/y to $463M (9M), yielding $291M free cash flow after $171M capex. Cash hit $350M, total debt $4.8B including senior notes and term loans steady at compliant covenants; repaid Sellers' Note post-quarter via delayed draw. Share repurchases and dividends rolled on. Client contracts allow early termination.
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