GEE Group Inc. (NYSE:JOB) Q4 2023 Earnings Conference Call December 19, 2023 11:00 AM ET Company Participants Derek Dewan - Chairman and CEO Kim Thorpe - SVP and CFO Derek Dewan Hello, and welcome to the GEE Group Fiscal Fourth Quarter and Year End September 30, 2023 Earnings and our update for 2024 Webcast Conference Call. I'm Derek Dewan, the Chairman and Chief Executive Officer of GEE Group, and will be hosting today's call. Joining me as a co-presenter is Kim Thorpe, our Senior Vice President and Chief ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended September 30, 2023 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 1-05707 GEE GROUP INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Illinois 36-6097429 (I.R.S. Employer Identifi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-05707 GEE GROUP INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Illinois 36-6097429 (I.R.S. Employer Identifi ...

GEE Group Inc. (NYSE:JOB) Q2 2023 Earnings Conference Call May 17, 2023 11:00 AM ET Company Participants Derek Dewan - Chairman and CEO Kim Thorpe - SVP and CFO Conference Call Participants Derek Dewan Hello, and welcome to the GEE Group Fiscal 2023 Second Quarter ended March 31, 2023 Earnings and Update Webcast Conference Call. I'm Derek Dewan, Chairman and Chief Executive Officer of GEE Group. And will be hosting today's call, joining me as a Co-Presenter is Kim Thorpe, our Senior Vice President and Chief ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 (Address of principal executive offices) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-05707 GEE GROUP INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Ill ...

GEE Group Inc. (NYSE:JOB) Q1 2023 Earnings Conference Call February 15, 2023 11:00 AM ET Company Participants Derek Dewan - Chairman and Chief Executive Officer Kim Thorpe - Senior Vice President and Chief Financial Officer Derek Dewan Hello, and welcome to the GEE Group Fiscal 2023 First Quarter ended December 31, 2022 Earnings and Update Webcast Conference Call. I'm Derek Dewan, the Chairman and CEO of GEE Group. I will be hosting today's call and joining me as a co-presenter is Kim Thorpe, our Senior Vic ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Exact name of registrant as specified in its charter) ☒ QUARTERLY REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-05707 GEE GROUP INC. (State or other jurisdiction of incorporation or organization) Illinois 36-6097429 (I.R.S. Employer Iden ...

GEE Group, Inc. (NYSE:JOB) Q4 2022 Earnings Conference Call December 21, 2022 11:00 AM ET Company Participants Derek Dewan - Chairman and Chief Executive Officer Kim Thorpe - Senior Vice President and Chief Financial Officer Conference Call Participants Derek Dewan Good morning, and welcome to the GEE Group Fiscal Fourth Quarter and Year-Ended September 30, 2022 Earnings and 2023 Update Webcast Conference Call. I’m Derek Dewan, Chairman and Chief Executive Officer of GEE Group. I’ll be hosting today’s call. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended September 30, 2022 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 1-05707 GEE GROUP INC. (Exact name of registrant as specified in its charter) Illinois 36-6097429 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identifi ...

Financial Data and Key Metrics Changes - The company reported net income of $2.6 million or $0.02 per diluted share for Q3 2022, and for the nine-month period, net income was $20.4 million or $0.18 per diluted share, compared to net losses in the same periods of the previous year [5][20]. - Consolidated revenues for Q3 2022 were $41.1 million, up 8% year-over-year, and for the nine-month period, revenues were $123.6 million, up 15% year-over-year [6][9]. - Non-GAAP adjusted EBITDA for Q3 2022 was $4.1 million, a 34% increase from the prior year, representing a 10% margin to revenue [7][22]. Business Line Data and Key Metrics Changes - Contract staffing services contributed $33.1 million (80% of revenues) for Q3 2022, with a 2% increase year-over-year, while direct placement services contributed $8 million (20% of revenues), showing a 45% increase year-over-year [9][10][11]. - Total revenues from the professional staffing services segment were $37 million, representing 90% of total revenue, with an 8% increase year-over-year [13]. - Industrial staffing services revenues were $4.1 million for Q3 2022, compared to $3.8 million in Q3 2021, indicating a slight increase despite pandemic-related challenges [15]. Market Data and Key Metrics Changes - The IT services end markets accounted for 48% of professional services business segment revenues for the nine-month period, with a 27% year-over-year increase [13]. - Other professional services markets accounted for 52% of revenues, with a 14% year-over-year increase [14]. Company Strategy and Development Direction - The company aims for sustainable growth and has a target of reaching $1 billion in sales, focusing on creating shareholder value and opportunities for employees [29][46]. - There is a strong emphasis on maintaining a clean balance sheet with no outstanding debt, which positions the company well for future growth and acquisitions [26][29]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate potential economic downturns, citing a strong labor market and ongoing demand for staffing services [56][96]. - The company is actively hiring and filling job orders, indicating a bullish outlook despite economic uncertainties [56][57]. Other Important Information - The company reported a working capital ratio of 3.0 to 1 and positive cash flow from operating activities of $3.4 million for Q3 2022 [24]. - The liquidity position is strong, with over $17 million in cash and $14 million available under a bank credit facility [29]. Q&A Session Summary Question: Why not use cash for stock buybacks? - Management indicated that while stock buybacks are considered, maintaining cash reserves for M&A opportunities is prioritized [31][33]. Question: What is the company's plan regarding undervaluation? - Management acknowledged the company's undervaluation and mentioned ongoing discussions about stock buybacks and potential acquisitions [44][66]. Question: How much cash is needed to run operations? - The company has historically operated on $3 million to $4 million in cash, which covers payroll cycles effectively [35][36]. Question: How will acquisitions be funded? - Acquisitions will be funded through available cash, financing, or seller financing, with a focus on not over-leveraging the company [41][42]. Question: What is the outlook for the labor market? - Management noted that the labor market remains tight, with more job orders than candidates, indicating continued demand for staffing services [56][57]. Question: How does the company view competition? - The company monitors various competitors across different verticals, emphasizing its unique positioning in the market [77][78].