IBEX Limited (NASDAQ:IBEX) Q1 2024 Earnings Call Transcript

With the growth that we’ve been doing in the Philippines, we’ll probably continue to look at some new markets, some new provincial plays in a market like that. And so I think we can get into some balanced CapEx going, going forward. I think we’ve been very conservative, Taylor, I love your thoughts on that.

Taylor Greenwald: Yes. No, I think you’re spot on. I think that there’s one geography that we probably would lean into a little bit more than others where utilization is right now is probably the Philippines. If you look at our capital expenditures in the first quarter, they were just a little over $2 million, which is around the – it’s on the lower side of our capital expenditures. We provided guidance of $15 million to $20 million for the year, which would imply that we would accelerate some of those capital expenditure investments and capacity expansions later in the year is when I would expect that to happen.

Ryan Potter: Got it. Thanks again.

Operator: [Operator Instructions] Thank you. I’m showing no questions at this time. I’d like to turn the call back over to Bob Dechant, CEO for any closing remarks.

Bob Dechant: Yes. Thanks, Valerie [ph]. Thank you all for listening to our earnings call. In closing, I just have to say this; we’re really proud of what we’ve built here and have full confidence in where this business is going and our ability to deliver in the future. So, thank you all for listening, and we’ll look forward to the next quarter. Thanks.

Operator: Thank you. Ladies and gentlemen, this does conclude today’s conference. Thank you all for participating. You may now disconnect. Have a great day.