11/17/2023

speaker
Conference Operator
Operator

only mode. After the speaker's remarks, there will be a question and answer session. If you would like to ask the question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, again, press star one. As a reminder, this conference is being recorded. Thank you. I would now like to turn the conference over to your host, John Dutzer, Vice President of Treasury and Investor Relations. Thank you. You may begin.

speaker
John Dutzer
Vice President of Treasury and Investor Relations

Thank you, and good morning, everyone. I'm joined today by Bill Walsh, President and CEO, as well as David Johnson, Chief Financial Officer. We will take your questions after comments by Bill and David. I would like to remind everyone that during this call, we may make projections or forward-looking statements regarding future events for financial performance of the company. Such statements involve risks and uncertainties, but the actual results may differ materially. Please refer to our SEC filings in today's press release, which identify important factors that could cause actual results to differ materially from those contained in our projections for forward-looking statements. In addition, any reference in our discussion today to EBITDA means adjusted EBITDA, and any reference to EPS or adjusted EPS means adjusted diluted earnings per share. Adjusted EBITDA and adjusted diluted earnings per share are non-GAAP measures, Reconciliations of non-GAAP measures in a presentation of the most comparable GAAP measures are available in the appendix to today's presentation. With that, I'll turn it over to Bill.

speaker
Bill Walsh
President and CEO

Thanks, John, and good morning, everyone. Starting on slide three, I'm pleased to report that ACFOR again delivered strong operating results this year, and we remain confident in the future of our company. During our discussion today, we will discuss the quarterly and full-year financials as we normally do, but we would also like to take this opportunity to review our perceived growth opportunities and provide some exciting updates regarding capital deployment. Let me start with a quick review of some of our highlights from the year, turning to slide four. 2023 was a great year for ActForce. We deliver financial results well ahead of our expectations, and we make great progress on many of our strategic initiatives. We continue to be recognized as an employer of choice, and I believe that our talented team is a true advantage for our company. I'd like to take this moment to recognize them for their great work in everything they do to support our customers. Thank you. David and I are confident in our business, and I'm pleased to report that we repurchased an additional $75 million in stock in the fourth quarter. Over the past 24 months, we have now repurchased over $990 million of our stock. We are proud of our accomplishments, and we've worked diligently to evolve ACFOR into an industry leader. Now, I'll turn the call over to David to talk through the results from the fourth quarter and the full year.

Disclaimer

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Investor presentation