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Kforce Reports Third Quarter 2024 Revenue of $353.3 Million and EPS of $0.75

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Kforce reported Q3 2024 revenue of $353.3 million, showing a decrease of 0.8% sequentially and 5.3% year over year. The company posted earnings per share of $0.75, representing a 38.9% increase year over year. Technology Flex revenue declined 0.6% sequentially and 3.6% year over year, while FA Flex revenue decreased 4.1% sequentially and 20.7% year over year. Gross profit margins improved to 27.9%, up 20 basis points year over year. The company returned $17.1 million to shareholders through dividends and share repurchases, and approved a Q4 dividend of $0.38 per share.

Kforce ha riportato ricavi nel Q3 2024 pari a 353,3 milioni di dollari, mostrando una diminuzione dello 0,8% rispetto al trimestre precedente e del 5,3% rispetto allo stesso trimestre dell'anno scorso. L'azienda ha registrato utili per azione di 0,75 dollari, con un aumento del 38,9% rispetto all'anno precedente. I ricavi di Technology Flex sono diminuiti dello 0,6% sequentialmente e del 3,6% su base annua, mentre i ricavi di FA Flex sono scesi del 4,1% rispetto al trimestre scorso e del 20,7% rispetto all'anno precedente. I margini di profitto lordo sono migliorati al 27,9%, in aumento di 20 punti base su base annua. L'azienda ha restituito 17,1 milioni di dollari agli azionisti tramite dividendi e riacquisti di azioni, e ha approvato un dividendo per il Q4 di 0,38 dollari per azione.

Kforce reportó ingresos en el Q3 2024 de $353.3 millones, lo que muestra una disminución del 0.8% secuencialmente y del 5.3% en comparación con el año anterior. La compañía presentó ganancias por acción de $0.75, que representan un aumento del 38.9% interanual. Los ingresos de Technology Flex disminuyeron un 0.6% secuencialmente y un 3.6% interanual, mientras que los ingresos de FA Flex cayeron un 4.1% secuencialmente y un 20.7% interanual. Los márgenes de ganancia bruta mejoraron al 27.9%, aumentando 20 puntos básicos en comparación con el año anterior. La compañía devolvió $17.1 millones a los accionistas a través de dividendos y recompra de acciones, y aprobó un dividendo de $0.38 por acción para el Q4.

Kforce는 2024년 3분기 수익이 3억 5,330만 달러로 보고되었으며, 이는 이전 분기 대비 0.8% 감소하고 전년 동기 대비 5.3% 감소한 수치입니다. 이 회사는 주당 순이익이 0.75 달러로, 전년 대비 38.9% 증가했습니다. Technology Flex의 수익은 이전 분기 대비 0.6% 감소하고, 전년 대비 3.6% 감소했으며, FA Flex의 수익은 이전 분기 대비 4.1% 감소하고 전년 대비 20.7% 감소했습니다. 총 이익률은 27.9%로 개선되었으며, 전년 대비 20bp 상승했습니다. 이 회사는 배당금과 자사주 매입을 통해 주주들에게 1,710만 달러를 반환했으며, Q4 배당금으로 주당 0.38달러를 승인했습니다.

Kforce a rapporté des revenus au T3 2024 de 353,3 millions de dollars, ce qui représente une diminution de 0,8 % par rapport au trimestre précédent et de 5,3 % par rapport à l'année précédente. L'entreprise a affiché un bénéfice par action de 0,75 dollar, représentant une augmentation de 38,9 % par rapport à l'année dernière. Les revenus de Technology Flex ont diminué de 0,6 % par rapport au trimestre précédent et de 3,6 % par rapport à l'année précédente, tandis que les revenus de FA Flex ont baissé de 4,1 % par rapport au trimestre précédent et de 20,7 % par rapport à l'année précédente. Les marges bénéficiaires brutes se sont améliorées à 27,9 %, soit une augmentation de 20 points de base par rapport à l'année précédente. L'entreprise a restitué 17,1 millions de dollars aux actionnaires par le biais de dividendes et de rachats d'actions, et a approuvé un dividende de 0,38 dollar par action pour le T4.

Kforce berichtete im Q3 2024 von einem Umsatz von 353,3 Millionen Dollar, was einem Rückgang von 0,8% im Vergleich zum Vorquartal und von 5,3% im Vergleich zum Vorjahr entspricht. Das Unternehmen erzielte einen Gewinn pro Aktie von 0,75 Dollar, was einem Anstieg von 38,9% im Jahresvergleich entspricht. Die Einnahmen aus Technology Flex sanken sequenziell um 0,6% und im Jahresvergleich um 3,6%, während die Einnahmen aus FA Flex sequenziell um 4,1% und im Jahresvergleich um 20,7% sanken. Die Bruttogewinnmargen verbesserten sich auf 27,9%, was einen Anstieg von 20 Basispunkten im Jahresvergleich darstellt. Das Unternehmen gab 17,1 Millionen Dollar an die Aktionäre durch Dividenden und Aktienrückkäufe zurück und genehmigte eine Dividende von 0,38 Dollar pro Aktie für das Q4.

Positive
  • EPS increased 38.9% year over year to $0.75
  • Gross profit margins improved to 27.9%, up 20 basis points YoY
  • Operating margins increased 100 basis points YoY to 5.3%
  • $17.1 million returned to shareholders through dividends and buybacks
Negative
  • Revenue decreased 5.3% year over year to $353.3 million
  • Technology Flex revenue declined 3.6% year over year
  • FA Flex revenue dropped 20.7% year over year
  • Q4 guidance suggests lower revenue of $337-345 million

Insights

The Q3 2024 results present a mixed picture for Kforce. While revenue of $353.3 million exceeded guidance midpoint, it represents a decline of 5.3% year-over-year. The Technology Flex segment, their core business, showed relative stability with a modest 3.6% YoY decline, while FA Flex saw a steeper 20.7% drop.

Notable positives include improved gross profit margins at 27.9% (up 20 basis points YoY) and EPS of $0.75 (up 38.9% YoY). However, adjusted EPS declined 16.7% YoY, indicating underlying operational challenges. The Q4 guidance of $337-345 million in revenue and EPS of $0.56-0.64 suggests continued pressure on earnings.

The $17.1 million capital return to shareholders through buybacks and dividends, along with the maintained quarterly dividend of $0.38, demonstrates financial stability despite market headwinds.

The broader professional staffing market context reveals important insights about Kforce's performance. The company's relatively stable Technology segment, despite industry-wide tech layoffs, suggests resilient demand for flexible tech talent. Management's commentary about a more stable and constructive operating environment compared to 2023 aligns with broader industry trends showing cautious but continued investment in critical tech projects.

The significant decline in FA Flex revenue reflects broader market uncertainty and cost-control measures among clients. However, improved gross margins indicate successful pricing strategies and efficient resource management. The guidance suggests management expects seasonal patterns to continue, with some impact from fewer billing days in Q4.

TAMPA, Fla., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Kforce Inc. (NYSE: KFRC), a solutions firm that specializes in technology and other professional staffing services, today announced results for the third quarter of 2024. References to “as adjusted” figures within this press release relate to results for the quarter ended September 30, 2023, as adjusted for certain expenses. These references pertain to non-GAAP measures that are more fully described in the Adjusted Financial Performance Measures section of this press release.

Joseph J. Liberatore, President and Chief Executive Officer, said, "We are pleased with our third quarter performance as revenues exceeded the midpoint of our expectations and earnings per share exceeded the top end of our guidance. Our Technology business has largely been stable for the last four quarters and our third quarter performance was no exception. Our internal trends and discussions with our clients continue to indicate to us that the current operating environment is more stable and constructive than it was throughout most of 2023. Clients, broadly speaking, have continued to exercise a degree of caution, though the most critical projects continue to be initiated."

Mr. Liberatore continued, "I’d also like to express my thanks to our team on the actions they have taken related to the recent hurricanes that impacted the Tampa Bay area, where our headquarters is located, and more broadly across Florida, North Carolina and neighboring areas in the Southeast. Hurricanes Helene and Milton had devastating impacts across these areas and many areas have a long road to recovery. Despite these hardships, our teams’ resiliency was on full display, and I am simply in awe of the tremendous efforts by our people to balance their personal safety, their families and team members while also ensuring the continuity of Kforce operations. That being said, the impacts are so much larger than Kforce, and I am pleased to announce that Kforce will be donating $500,000 to charitable organizations in the Tampa Bay and North Carolina areas to aid in the broader recovery efforts. We talk about the amazing culture we have at Kforce; seeing it in action, once again, over the last several weeks is truly inspiring."

Quarterly Financial Highlights

  • Revenue for the quarter ended September 30, 2024 was $353.3 million, a decrease of 0.8% sequentially and 5.3% year over year.
  • Technology Flex revenue decreased 0.6% sequentially and 3.6% (5.1% on a billing day basis) year over year. FA Flex revenue decreased 4.1% sequentially and 20.7% (21.9% on a billing day basis) year over year.
  • Gross profit margins of 27.9% increased 10 basis points sequentially and 20 basis points year over year. Flex gross profit margins of 26.3% increased 10 basis points sequentially and 40 basis points year over year.
  • SG&A expenses as a percentage of revenue was 22.2% for the quarter ended September 30, 2024, which increased 40 basis points sequentially and decreased 90 basis points year over year. As adjusted, SG&A expenses as a percentage of revenue increased 130 basis points year over year.
  • Operating margins were 5.3% for the quarter ended September 30, 2024, which decreased 20 basis points sequentially and increased 100 basis points year over year. As adjusted, operating margins decreased 120 basis points year over year.
  • Diluted earnings per share for the quarter ended September 30, 2024 were $0.75, an increase of 38.9% year over year. As adjusted, diluted earnings per share decreased 16.7% year over year.
  • We returned $17.1 million in capital to our shareholders in the form of open market repurchases and quarterly dividends during the third quarter of 2024.
  • Our Board of Directors approved a fourth quarter cash dividend of $0.38 per share to shareholders of record as of the close of business on December 6, 2024, which will be payable on December 20, 2024.

Fourth Quarter 2024 - Guidance

Looking forward to the fourth quarter of 2024, there will be 62 billing days, compared to 64 billing days in the third quarter of 2024 and 61 billing days in the fourth quarter of 2023. Current estimates for the fourth quarter of 2024 are:

  • Revenue of $337 million to $345 million
  • Earnings per share of $0.56 to $0.64
  • Gross profit margin of 27.4% to 27.6%
  • Flex gross profit margin of 25.9% to 26.1%
  • SG&A expenses as a percent of revenue of 22.4% to 22.6%
  • Operating margin of 4.3% to 4.7%
  • WASO of 18.6 million
  • Effective tax rate of 26.0%

Conference Call

On Monday, October 28, 2024, Kforce will host a conference call at 5:00 p.m. E.T. to discuss these results. The dial-in number is (800) 715-9871 and the conference passcode is "Kforce." The prepared remarks for this call and webcast are available on the Investor Relations page of the Kforce Inc. website in the News and Events section. The replay of the call can be accessed at http://investor.kforce.com.

About Kforce Inc.

Kforce Inc. (the "Firm") is a solutions firm specializing in technology and other professional staffing services. Each year, we provide career opportunities for approximately 20,000 highly skilled professionals on a temporary, consulting or direct-hire basis. These professionals work with approximately 2,500 clients, including a significant majority of the Fortune 500, helping them conquer challenges and meet their digital transformation goals. Together, we reimagine how business gets done. For more than 60 years, we have achieved our clients’ objectives by combining a KNOWLEDGEforce®—our namesake—with flexibility and an unmatched drive for excellence.

Michael R. Blackman, Chief Corporate Development Officer

(813) 552-2927

Cautionary Note Regarding Forward-Looking Statements

All statements in this press release, other than those of a historical nature, are forward-looking statements including, but not limited to, statements regarding the trends in the operating environment, and the Firm's guidance for the fourth quarter of 2024. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Factors that could cause actual results to differ materially include the following: business conditions; growth rate in temporary staffing and the general economy; competitive factors; risks due to shifts in the market demand; changes in client demand or our ability to adapt to such changes; a constraint in the supply of consultants and candidates or the Firm’s ability to attract and retain such individuals; the success of the Firm in attracting and retaining its management team and key operating employees; changes in business or service mix; the ability of the Firm to repurchase shares; the occurrence of unanticipated expenses, income, gains or losses; the effect of adverse weather conditions; changes in our effective tax rate; our ability to comply with government regulations, laws, orders, guidelines and policies that impact our business; risk of contract performance, delays, termination or the failure to obtain new assignments or contracts, or funding under contracts; ability to comply with our obligations in a remote work environment; continued performance and security of, and improvements to, our enterprise information systems; impacts of actual or potential litigation or other legal or regulatory matters or liabilities, including the risk factors and matters listed from time to time in the Firm’s reports filed with the Securities and Exchange Commission, including, but not limited to, the Firm’s Form 10-K for the fiscal year ended December 31, 2023, as well as assumptions regarding the foregoing. The terms “should,” “believe,” “estimate,” “expect,” “intend,” “anticipate,” “plan” and similar expressions and variations thereof contained in this press release identify certain of such forward-looking statements, which speak only as of the date of this press release. As a result, such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Future events and actual results may differ materially from those indicated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements and the Firm undertakes no obligation to update any forward-looking statements.

 
Kforce Inc.
Summary of Operations
(In Thousands, Except Per Share Amounts)
(Unaudited)
 
  Three Months Ended
  September 30, 2024 June 30, 2024 September 30, 2023
Revenue $353,319 $356,318 $373,122
Direct costs  254,752  257,345  269,661
Gross profit  98,567  98,973  103,461
Selling, general and administrative expenses  78,308  77,718  86,226
Depreciation and amortization  1,543  1,555  1,202
Income from operations  18,716  19,700  16,033
Other expense, net  429  504  181
Income from operations, before income taxes  18,287  19,196  15,852
Income tax expense  4,078  5,039  5,277
Net income $14,209 $14,157 $10,575
       
Earnings per share – diluted $0.75 $0.75 $0.54
       
Weighted average shares outstanding – diluted  18,823  18,886  19,518
Adjusted EBITDA $23,808 $24,753 $29,039
       
Billing days  64  64  63


 
Kforce Inc.
Consolidated Balance Sheets
(In Thousands)
(Unaudited)
 
 September 30, 2024 December 31, 2023
ASSETS   
Current assets:   
Cash and cash equivalents$127  $119 
Trade receivables, net of allowances 229,259   233,428 
Prepaid expenses and other current assets 10,553   10,912 
      Total current assets 239,939   244,459 
Fixed assets, net 8,267   9,418 
Other assets, net 90,614   75,924 
Deferred tax assets, net 5,990   3,138 
Goodwill 25,040   25,040 
      Total assets$369,850  $357,979 
LIABILITIES AND STOCKHOLDERS’ EQUITY   
Current liabilities:   
Accounts payable and other accrued liabilities$60,265  $64,795 
Accrued payroll costs 46,442   33,968 
Current portion of operating lease liabilities 3,325   3,589 
Income taxes payable 6,491   623 
      Total current liabilities 116,523   102,975 
Long-term debt – credit facility 26,900   41,600 
Other long-term liabilities 59,053   54,324 
Total liabilities 202,476   198,899 
Commitments and contingencies   
Stockholders’ equity:   
Preferred stock     
Common stock 735   734 
Additional paid-in capital 539,169   527,288 
Retained earnings 542,410   525,222 
Treasury stock, at cost (914,940)  (894,164)
      Total stockholders’ equity 167,374   159,080 
      Total liabilities and stockholders’ equity$369,850  $357,979 


 
Kforce Inc.
Key Statistics
(Unaudited)
 
  Q3 2024  Q2 2024  Q3 2023
Total Firm        
Total Revenue (000’s) $353,319   $356,318   $373,122 
GP %  27.9%   27.8%   27.7%
Flex revenue (000’s) $345,832   $348,784   $364,161 
Hours (000's)  4,008    4,057    4,279 
Flex GP %  26.3%   26.2%   25.9%
Direct Hire revenue (000’s) $7,487   $7,534   $8,961 
Placements  342    374    431 
Average fee $21,907   $20,161   $20,773 
Billing days  64    64    63 
Technology        
Total Revenue (000’s) $325,511   $327,874   $338,289 
GP %  26.9%   26.8%   26.4%
Flex revenue (000’s) $322,118   $324,064   $334,253 
Hours (000’s)  3,553    3,575    3,690 
Flex GP %  26.1%   25.9%   25.5%
Direct Hire revenue (000’s) $3,393   $3,810   $4,036 
Placements  156    186    199 
Average fee $21,813   $20,441   $20,270 
Finance and Accounting        
Total Revenue (000’s) $27,808   $28,444   $34,833 
GP %  39.8%   38.9%   40.4%
Flex revenue (000’s) $23,714   $24,720   $29,908 
Hours (000’s)  455    482    589 
Flex GP %  29.4%   29.7%   30.5%
Direct Hire revenue (000’s) $4,094   $3,724   $4,925 
Placements  186    188    232 
Average fee $21,985   $19,883   $21,204 


 
Kforce Inc.
Non-GAAP Financial Measures
(Unaudited)
 

In addition to our financial results presented in accordance with GAAP, Kforce may use certain non-GAAP financial measures, which we believe provide useful information to investors in evaluating our core operating performance. The following non-GAAP financial measures presented may not provide information that is directly comparable to that provided by other companies, as other companies may calculate such financial results differently. Our non-GAAP financial measures are not measurements of financial performance under GAAP and should not be considered as alternatives to amounts presented in accordance with GAAP. We view these non-GAAP financial measures as supplemental, which are not intended to be a substitute for, or superior to, the information provided by GAAP financial results. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures is provided below.

Revenue Growth Rates

“Revenue growth rates,” a non-GAAP financial measure, is defined by Kforce as revenue growth after removing the impacts on reported revenues from the changes in the number of billing days. Management believes this data is particularly useful because it aids in evaluating revenue trends over time. The impact of billing days is calculated by dividing each comparative period’s reported revenues by the number of billing days for the respective period to arrive at a per billing day amount for each quarter. Growth rates are then calculated using the per billing day amounts as a percentage change compared to the respective period. Management calculates the number of billing days for each reporting period based on the number of holidays and business days in the quarter.

 
 Sequential Growth Rates (GAAP)
 2024 2023
  Q3 Q2 Q1 Q4 Q3
Technology Flex (0.6)% 1.7% (2.3)% (2.5)% (3.5)%
FA Flex (4.1)% (5.7)% (11.5)% (1.0)% (7.0)%
 Total Flex revenue (0.8)% 1.2% (3.1)% (2.3)% (3.8)%
           
 Sequential Growth Rates (Non-GAAP)
 2024 2023
  Q3 Q2 Q1 Q4 Q3
Billing Days 64 64 64 61 63
Technology Flex (0.6)% 1.7% (6.9)% 0.7% (2.0)%
FA Flex (4.1)% (5.7)% (15.7)% 2.3% (5.5)%
 Total Flex revenue (0.8)% 1.2% (7.6)% 0.9% (2.3)%


 
 Year-Over-Year Growth Rates (GAAP)
 2024 2023
  Q3 Q2 Q1 Q4 Q3
Technology Flex (3.6)% (6.4)% (11.4)% (11.1)% (12.5)%
FA Flex (20.7)% (23.1)% (27.2)% (28.0)% (26.9)%
 Total Flex revenue (5.0)% (7.8)% (12.8)% (12.8)% (13.9)%
           
 Year-Over-Year Growth Rates (Non-GAAP)
 2024 2023
  Q3 Q2 Q1 Q4 Q3
Billing Days 64 64 64 61 63
Technology Flex (5.1)% (6.4)% (11.4)% (11.1)% (11.1)%
FA Flex (21.9)% (23.1)% (27.2)% (28.0)% (25.7)%
 Total Flex revenue (6.5)% (7.8)% (12.8)% (12.8)% (12.5)%


Free Cash Flow

“Free Cash Flow,” a non-GAAP financial measure, is defined by Kforce as net cash provided by operating activities determined in accordance with GAAP, less capital expenditures. Management believes this provides an additional way of viewing our liquidity that, when viewed with our GAAP results, provides a more complete understanding of factors and trends affecting our cash flows and is useful information to investors as it provides a measure of the amount of cash generated from the business that can be used for strategic opportunities including investing in our business, repurchasing common stock, paying dividends or making acquisitions. Free Cash Flow is limited, however, because it does not represent the residual cash flow available for discretionary expenditures. Therefore, we believe it is important to view Free Cash Flow as a complement to (but not a replacement of) our unaudited condensed consolidated statements of cash flows.

 
 Nine Months Ended September 30,
(in thousands) 2024   2023 
Net cash provided by operating activities$65,084  $69,056 
Capital expenditures (8,501)  (6,076)
 Free cash flow 56,583   62,980 
Change in debt (14,700)  (4,200)
Repurchases of common stock (21,189)  (41,470)
Cash dividends (21,282)  (20,842)
Proceeds from company-owned life insurance 2,377    
Premiums paid for company-owned life insurance (1,777)  (765)
Proceeds from the sale of our joint venture interest    5,059 
Note receivable issued to our joint venture    (750)
Other (4)  (11)
 Change in cash and cash equivalents$8  $1 


Adjusted Financial Performance Measures

The "Adjusted Financial Performance Measures" present non-GAAP financial information and should not be considered a measure of financial performance under generally accepted accounting principles. These measures are presented as an alternative method for assessing our operating results in a manner that is focused on the performance of our underlying operations. Each of these measures is intended to provide greater consistency, comparability and clarity of our results. Management uses this non-GAAP financial information to assess our core operating results and consequently, management believes it is similarly useful information to investors. During the three months ended September 30, 2024, the Firm did not have any adjusted financial performance measures.

 
  Three Months Ended September 30, 2023
(In Thousands, Except Per Share Amounts) Reported
(GAAP)
 Adjustments (1) As Adjusted
(Non-GAAP)
Reconciliation of SG&A and Operating Margin:      
Selling, general and administrative expenses $86,226  $(8,397) $77,829 
SG&A as a percentage revenue  23.1%  (2.2%)  20.9%
Income from operations $16,033  $8,397  $24,430 
Operating margin  4.3%  2.2%  6.5%
Reconciliation of Tax Impact and Profitability:      
Income from operations, before income taxes $15,852  $8,397  $24,249 
Income tax expense $5,277  $1,464  $6,741 
Effective tax rate  33.3%  17.4%  27.8%
Net Income $10,575  $6,933  $17,508 
Earnings per share - diluted $0.54  $0.36  $0.90 

(1) Adjustments include $6.2 million related to organizational realignment and actions taken to reduce our structural costs, an increase to our legal reserves of $2.2 million, and the related tax impacts.

Adjusted EBITDA

“Adjusted EBITDA,” a non-GAAP financial measure, is defined by Kforce as net income before depreciation and amortization, stock-based compensation expense, interest expense, net, income tax expense, organizational realignment activities and legal settlement expense. Adjusted EBITDA should not be considered a measure of financial performance under GAAP. Items excluded from Adjusted EBITDA are significant components in understanding and assessing our past and future financial performance, and this presentation should not be construed as an inference by us that our future results will be unaffected by those items excluded from Adjusted EBITDA. Adjusted EBITDA is a key measure used by management to assess our operations including our ability to generate cash flows and our ability to repay our debt obligations, and management believes it provides a good metric of our core profitability in comparing our performance to our competitors, as well as our performance over different time periods. Consequently, management believes it is useful information to investors. The measure should not be considered in isolation or as an alternative to net income, cash flows, or other financial statement information presented in the consolidated financial statements as indicators of financial performance or liquidity. Also, Adjusted EBITDA, as presented, may not be comparable to similarly titled measures of other companies.

In addition, although we excluded stock-based compensation expense because it is a non-cash expense, we expect to continue to incur stock-based compensation expense in the future and the associated stock issued may result in an increase in our outstanding shares of stock, which may result in the dilution of our shareholder ownership interest. We suggest that you evaluate these items and the potential risks of excluding such items when analyzing our financial position.

 
 Three Months Ended
(in thousands)September 30, 2024 June 30, 2024 September 30, 2023
Net income$14,209 $14,157 $10,575
Depreciation and amortization 1,543  1,555  1,202
Stock-based compensation expense 3,549  3,498  5,967
Interest expense, net 429  504  181
Income tax expense 4,078  5,039  5,277
Organizational realignment activities     3,662
Legal settlement expense     2,175
Adjusted EBITDA$23,808 $24,753 $29,039

FAQ

What was Kforce's (KFRC) revenue in Q3 2024?

Kforce reported revenue of $353.3 million in Q3 2024, representing a decrease of 0.8% sequentially and 5.3% year over year.

What is Kforce's (KFRC) EPS guidance for Q4 2024?

Kforce expects earnings per share between $0.56 to $0.64 for Q4 2024.

How much did Kforce (KFRC) return to shareholders in Q3 2024?

Kforce returned $17.1 million to shareholders through open market repurchases and quarterly dividends in Q3 2024.

What is Kforce's (KFRC) Q4 2024 dividend payment?

Kforce approved a Q4 2024 cash dividend of $0.38 per share, payable on December 20, 2024.

Kforce Inc.

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KFRC Stock Data

1.19B
19.38M
5.51%
91.52%
6.61%
Staffing & Employment Services
Services-help Supply Services
Link
United States of America
TAMPA