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GEE Group Inc - JOB STOCK NEWS

Welcome to our dedicated news page for GEE Group (Ticker: JOB), a resource for investors and traders seeking the latest updates and insights on GEE Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GEE Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of GEE Group's position in the market.

Rhea-AI Summary
GEE Group Inc. (JOB) has announced the conclusion of its strategic alternatives review, opting to focus on internal growth and strategic acquisitions to maximize shareholder value. The decision was made after an extensive evaluation process by the Board of Directors and the Mergers and Acquisition Committee, with the aim of accelerating growth and enhancing shareholder returns.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.03%
Tags
none
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Rhea-AI Summary
GEE Group Inc. (JOB) reported a decrease in revenues for the fiscal 2024 first quarter, citing macroeconomic weakness and uncertainties. The company's professional contract services, industrial contract services, and direct hire placement revenues all declined. Gross profit and margins also decreased, leading to a net loss for the quarter. Adjusted EBITDA and free cash flow were down compared to the previous year. The company's cash balance, net working capital, and shareholders' equity were provided, along with information on common share repurchases. Management anticipates continued challenges in the staffing industry for the near future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.32%
Tags
-
Rhea-AI Summary
GEE Group Inc. (NYSE American: JOB) will host an investor webcast/conference call on February 14, 2024, to discuss its Fiscal First Quarter results. The Company plans to release the results on February 13, 2024, and prepared remarks will be available on www.geegroup.com. Investors can pre-register for the event to participate via the provided link.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.67%
Tags
Rhea-AI Summary
GEE Group Inc. (JOB) will hold an investor webcast/conference call to discuss its Fiscal First Quarter results on February 14, 2024. The Company expects to report the results on February 13, 2024. Investors can pre-register to join the webcast and submit questions via email.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.67%
Tags
-
Rhea-AI Summary
GEE Group Inc. (NYSE American:JOB) announced that its SNI Companies subsidiary won Clearly Rated's 2024 Best of Staffing Awards, with Accounting Now, Staffing Now, SNI Financial, and SNI Technology receiving the Best of Staffing Client and Talent 5 Year Diamond Awards for providing superior service for at least five consecutive years. The awards are based on ratings from clients and candidates, showcasing the company's industry-leading satisfaction scores.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.67%
Tags
none
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Rhea-AI Summary
GEE Group Inc. (NYSE American:JOB) announced consolidated results for the fiscal year and fourth quarter ended September 30, 2023, with revenues of $152.4 million, down 8% from 2022, gross profit of $52.9 million, down 14%, and net income of $9.4 million, down 52%. Cash balance of $22.5 million, borrowing availability of $11.3 million, and net working capital of $30.3 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.7%
Tags
Rhea-AI Summary
GEE Group Inc. (NYSE American:JOB) will hold an investor webcast/conference call on December 19, 2023, to review its September 30, 2023 Fiscal Year and Fourth Quarter results. The Company expects to report those results after the close of business on December 18, 2023, with prepared remarks posted on its website www.geegroup.com prior to the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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Rhea-AI Summary
GEE Group Inc. announces adoption of a Rule 10b5-1 Stock Trading Plan and $20 million Share Repurchase Program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.95%
Tags
buyback
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Rhea-AI Summary
GEE Group Inc. (NYSE American: JOB) announced the addition of three new directors to the Board and the resignation of a member. The new directors bring diverse skill sets and significant expertise with publicly traded companies. The Company also amended its By-Laws to increase the size of the Board and appointed new directors to fill the vacancies. The new directors include Jyrl James, David Sandberg, and J. Randall Waterfield.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.95%
Tags
management
Rhea-AI Summary
GEE Group Inc. appoints two independent directors to the board and reaffirms commitment to strong corporate governance. The cooperation agreement with Red Oak Partners increases the board size and fills newly created vacancies. The company will engage an investment bank or consulting firm to evaluate strategic opportunities. Red Oak Partners has withdrawn its nomination notice and proposals for the 2023 Annual Meeting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.95%
Tags
none
GEE Group Inc

NYSE:JOB

JOB Rankings

JOB Stock Data

37.78M
69.93M
12.24%
35.34%
0.25%
Human Resources Consulting Services
Professional, Scientific, and Technical Services
Link
US
Jacksonville

About JOB

gee group inc. is a provider of specialized staffing solutions and is the successor to employment offices doing business since 1893. the company operates in two industry segments, providing professional staffing services and solutions in the information technology, engineering, finance and accounting specialties and commercial staffing services through the names of access data consulting, agile resources, ashley ellis, general employment, omni-one, paladin consulting and triad. also, in the healthcare sector, gee group, through its scribe solutions brand, staffs medical scribes who assist physicians in emergency departments of hospitals and in medical practices by providing required documentation for patient care in connection with electronic medical records (emr). additionally, the company provides contract and direct hire professional staffing services through the following sni brands: accounting now® , sni technology® , legal now® , sni financial® , staffing now® , sni energy® , and