Thryv Holdings reports Q2 EPS 31c, consensus 41c

Reports Q2 revenue $210.47M, consensus $203.87M. “We delivered a solid second quarter – exceeding our prior guidance and achieving strong top-line SaaS growth coupled with our highest SaaS Adjusted EBITDA margin to date,” said Joe Walsh, Thryv chairman and CEO. “Equally important, we’ve now successfully navigated the pinch point of the Company’s SaaS transformation ahead of plan. The temporary increase in anticipated leverage, driven by revenue recognition timing in the Marketing Services business, is now behind us. With free cash flow expected to ramp in the second half of the year, leverage is positioned to decline, supporting greater financial flexibility and a stronger balance sheet.”