ATTO Stock Price, News & Analysis

Atento S.A. (NYSE: ATTO) announced that MCI Capital, LC initiated a tender offer on November 18, 2022, seeking to purchase up to 1,525,000 ordinary shares at $5.00 each. The Company's Board of Directors is currently evaluating this offer and will communicate their formal recommendation to stockholders by December 5, 2022. Atento advises stockholders to not take any action at this time. The press release clarifies that this is not a solicitation to buy or sell securities, and stakeholders should read the forthcoming Schedule 14D-9 for vital information.

Atento S.A. (ATTO) reported Q3 2022 metrics highlighting flat revenue of $346.8 million YoY, amidst challenging macroeconomic conditions in Brazil. A 10.3% increase in Total Contract Value (TCV) to $86.8 million was noted, supported by a strong pipeline. The EBITDA margin rose to 11.1%, up 3.3 percentage points sequentially, aided by cost efficiency measures, achieving an additional $10 million in EBITDA. However, EBITDA guidance was revised down to a range of 10.5% to 11.0%. Operating cash flow was strong at $8 million, but free cash flow remained negative at $38 million due to significant financial costs.

Atento S.A. (NYSE: ATTO), the leading CRM BPO service provider in Latin America, will release its fiscal Q3 2022 financial results on November 15, 2022, after market close. A conference call scheduled for November 16, 2022, at 8:30 a.m. ET will discuss these results. The company operates in 13 countries, employing approximately 130,000 people and serving over 400 clients across various industries. Atento has received multiple accolades, including recognition as a top multinational workplace and leader in the Gartner Magic Quadrant.

Atento S.A. (NYSE: ATTO) announced a 12-month extension of lock-up agreements with key shareholders including HPS Investment Partners, GIC Private Limited, and Farallon Capital, representing over 70% of shares. The extension aims to enhance shareholder confidence following stock valuation declines attributed to previous agreements and a cyber-attack last year. Atento maintains a commitment to growth in customer relationship services and business process outsourcing in Latin America. CEO Carlos López-Abadía emphasized the ongoing support of shareholders in bolstering Atento's strategic vision and innovation.

Atento reported a challenging Q2 2022, with total revenue decreasing 4.0% to $363.8 million and EBITDA down 44.2% to $28.5 million. Despite these declines, June sales hit a record $34 million, with a cash position of $102.9 million and positive free cash flow of $4.5 million. The company announced a revised full-year guidance projecting flat revenue growth and EBITDA margins of 11.5%-12.5% due to uncertain macroeconomic conditions. However, strong sales momentum in the second half is expected to support recovery.

Atento S.A. (NYSE: ATTO) announced the results of its Annual Shareholders Meeting held on June 29, 2022, in Luxembourg, with an 80.89% participation rate. Shareholders approved the appointment of Akshay Shah as a Class I director and renewed terms for several Class II directors. Antonio Viana-Baptista resigned as a Class III director effective June 30, 2022, without any operational disagreements. The meeting also ratified the individual and consolidated annual accounts for the year ended December 31, 2021. Detailed voting results can be found in the Investor Relations section of Atento's website.

Atento S.A. (NYSE: ATTO) will announce its fiscal second quarter 2022 financial results after the NYSE market close on August 3, 2022. A conference call and webcast will be held on August 4, 2022, at 8:30 a.m. ET to discuss the results. Atento is the largest CRM BPO service provider in Latin America and has a significant presence globally, employing approximately 150,000 people across 14 countries. The press release also mentions the challenges posed by the COVID-19 pandemic on the company’s expectations for future performance.

Atento S.A. (NYSE: ATTO) has announced a reorganization to enhance operational efficiency, transitioning from five regions to three: North America, South America, and EMEA. Sergio Ribeiro Passos has been appointed CFO to bolster the company's financial standing. Dimitrius Oliveira, previously CEO of Atento Brazil, will now lead the South America Region, encompassing multiple countries. Cathrine Jooste has been promoted to Regional Director for North America, overseeing operations in the US and Mexico. This restructuring aims to streamline operations and improve customer service in key markets.

Atento S.A. (NYSE: ATTO) has announced a cooperation agreement with Kyma Capital investors, who hold 8.5% of its shares. They will nominate Akshay Shah as an independent director for election at the upcoming Annual Meeting on June 29, 2022. CEO Carlos López-Abadía expressed optimism about Shah's experience enhancing the board's effectiveness. Shah has been a net buyer of Atento stock and sees growth potential in the company. The investors have agreed to standstill provisions as part of the agreement.