Mastech Digital Stock Price, News & Analysis

Mastech Digital's CEO, Vivek Gupta, has been recognized as one of the '2021 Most Influential Leaders of the Staffing Industry' by Staffing Industry Analysts. This marks the third time Gupta has received this honor, reflecting his commitment to innovation in the staffing sector during the challenging landscape of 2020. Gupta, who has been with the company since March 2016, has guided Mastech's transformation from an IT staffing service to a digital services provider, enhancing its offerings in Data, Digital Staffing, and Learning Services.

Mastech Digital (NYSE American: MHH) reported its Q4 and full-year 2020 financial results, showing a 3% decline in Q4 revenues to $48.7 million from $50.4 million in 2019. Full-year revenues slightly increased to $194.1 million. The Data and Analytics segment achieved record revenues of $8.9 million due to the AmberLeaf acquisition, while the IT Staffing segment faced a $3.4 million revenue drop. GAAP EPS decreased from $0.20 to $0.17 in Q4, but non-GAAP EPS rose to $0.29. The company improved cash balances by $4 million and reduced bank debt by $8 million.

Mastech Digital (NYSE American: MHH) will hold a conference call on February 10, 2021, at 9:00 a.m. ET to discuss its fourth quarter and full year 2020 financial results. The call features CEO Vivek Gupta, CFO Jack Cronin, and Paul Burton, Chief Executive of Mastech InfoTrellis. Investors can join via a listen-only dial-in or a live webcast available on the company’s website. A replay will be accessible for 7 days after the call. Mastech Digital offers Digital Transformation IT Services and is headquartered in Pittsburgh, PA.

Mastech Digital (MHH) reported Q3 2020 revenues of $47.4 million, a decrease from $49.5 million in Q3 2019, influenced by COVID-19. Despite this, gross margins rose to a record 27.6%, up 100 basis points from the previous quarter. GAAP diluted earnings per share reached $0.25, compared to $0.17 a year prior, while non-GAAP EPS increased to $0.32 from $0.23. The Data and Analytics Services segment saw a sequential revenue rise, while IT Staffing Services gained headcount. The company reduced bank debt by $6.1 million, enhancing its financial position.

Mastech Digital, Inc. (NYSE American: MHH) scheduled a conference call to discuss its third-quarter financial results for the period ending September 30, 2020. The call will take place on October 28, 2020, at 9:00 a.m. Eastern Time, featuring CEO Vivek Gupta, CFO Jack Cronin, and Paul Burton from Mastech InfoTrellis. Investors can access the call via a dial-in number or a live webcast on the company's website. A replay will be available for seven days post-call, ensuring investors can stay informed about the company's performance.

Mastech Digital has acquired AmberLeaf Partners for $14.0 million. The deal is expected to enhance Mastech InfoTrellis' Data and Analytics segment by integrating customer experience consulting capabilities. A cash payment of $9.5 million was made at closing, with $4.5 million deferred based on financial targets. This acquisition aims to expand service offerings and improve operational efficiency across North America, EMEA, India, and ASEAN. A revised credit facility has also been secured, increasing Mastech's loan capacity by $10 million to $17.5 million.

Mastech Digital (NYSE American: MHH) reported its Q2 2020 financial results, revealing a 2% decline in total revenues to $47.6 million compared to Q2 2019. The Data and Analytics Services segment increased revenues by 2% to $6.8 million, while the IT Staffing Services segment saw a 2% decline to $40.8 million. Notably, gross margins reached a record 26.6%, up 170 basis points from the previous year. GAAP diluted EPS fell to $0.25 from $0.53 due to a prior year's benefit. However, non-GAAP EPS improved to $0.33 from $0.20. Mastech also reduced bank debt by $7.4 million and launched a new Remote Staffing service.