TTEC Q2 Revenue Drops 11%, Explores Sale of Digital Unit
TTEC is trading near its 52-week low of $1.905 (9.2% above the low).
Summary
TTEC missed Q2 expectations with revenue down 11.3% to $455.5M and a GAAP net loss of $0.27 per share. Adjusted EBITDA fell to $39.5M from $51.8M a year ago. The company also announced a strategic review of its TTEC Digital segment, potentially leading to a sale or other transaction. This follows a Q1 net loss and revenue decline, deepening the turnaround challenge. The board has not set a timeline for the review, but the move signals urgency to unlock value amid deteriorating performance. Cash flow from operations halved to $51.3M, though the company secured covenant flexibility on its $860.7M debt. With shares at $2.08 and a market cap near $113M, the earnings miss and strategic uncertainty are material. The Q2 loss widened and the company cut its 2026 outlook.
At the time of this announcement, TTEC was trading at $2.08 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $113.4M. The 52-week trading range was $1.91 to $3.99. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.