Welcome to our dedicated page for Kforce news (Ticker: KFRC), a resource for investors and traders seeking the latest updates and insights on Kforce stock.
Kforce Inc. (KFRC) is a leading professional staffing services firm specializing in technology and finance & accounting sectors. With a national network of 60 offices, two national recruiting centers, and over 2,000 staffing specialists, Kforce connects more than 23,000 highly skilled professionals annually with over 4,000 clients, including 70% of the Fortune 100 companies. Kforce operates through two primary business segments:
- Technology Segment: Offers talent solutions in areas such as systems/applications architecture, data management and analytics, business intelligence, artificial intelligence, machine learning, project and program management, and network architecture and security.
- Finance & Accounting (FA) Segment: Provides consultants for traditional finance and accounting roles including finance planning and analysis, business intelligence analysis, general accounting, transactional accounting, business and cost analysis, taxation, and treasury.
Kforce's name, Knowledgeforce®, reflects the combination of the highly skilled professionals they represent and the extensive knowledge gained from over 50 years of industry experience. The company prides itself on making the right match for its clients and achieves this through a focus on quality and efficiency.
The company's financial condition remains robust, with a clean balance sheet and strong cash flows that provide flexibility for strategic investments and significant capital returns to shareholders. Despite the uncertain economic environment, Kforce is well-positioned to benefit from a backlog of desirable investments that its clients are eager to prioritize once macroeconomic uncertainties begin to clear.
Kforce's recent achievements include participation in high-profile industry events such as the 8th Annual Wells Fargo FinTech, Information & Business Services Forum and the Northcoast Research Fall Forum. These engagements highlight Kforce's commitment to staying at the forefront of industry developments and trends.
Joseph J. Liberatore, President and CEO, emphasizes the firm's focus on organic growth and strategic investments, aiming to drive long-term growth and achieve double-digit operating margins. The firm continues to operate efficiently, aligning its structural costs with current revenue levels while prioritizing key strategic initiatives. Kforce remains dedicated to its vision of being “the firm most respected by those we serve.”
For more information, visit www.kforce.com, or connect with Kforce on LinkedIn, Facebook, and Twitter.
Kforce Inc. (Nasdaq: KFRC) reported Q3 2022 revenues of $437.6 million, an 8.7% year-over-year increase, and a net income of $22.3 million ($1.09 per share). Technology revenue surged 15.8%, while FA revenue fell 28% due to COVID-19 project reductions. The company returned $28.5 million to shareholders via buybacks and dividends. Q4 guidance anticipates revenues between $414 million and $422 million, with EPS of $0.88 to $0.96. Overall, Kforce continues to focus on technology staffing, projecting strong long-term growth despite macroeconomic uncertainties.
Kforce Inc. (NASDAQ: KFRC) is set to release its third-quarter results on October 31, 2022, after market close, followed by a conference call at 5:00 PM ET. Interested parties can access the call via dial-in or through a live webcast. The company will also participate in upcoming conferences, including the JPMC Ultimate Services Conference on November 17 and the Truist Securities Summit on December 6. With approximately 30,000 skilled professionals serving around 3,000 clients, including many Fortune 500 companies, Kforce aims to drive growth through strategic partnerships.
Kforce Inc. (NASDAQ: KFRC) will present at Sidoti’s Fall Virtual Small Cap Investor Conference on September 21, 2022, from 12:15 p.m. to 12:45 p.m. Eastern. Interested parties can access the live webcast on the company's website. Kforce specializes in technology and professional staffing services, providing opportunities for about 30,000 professionals annually, serving around 3,000 clients, including many Fortune 500 companies. The firm emphasizes strategic partnerships and knowledge sharing in delivering results.
Kforce Inc. (Nasdaq: KFRC) reported a Q2 2022 revenue of $436.5 million, marking an 8.2% year-over-year increase. Excluding COVID-19 project impacts, revenue growth would stand at 18.3%. Technology revenue surged 23.8%, while FA revenue fell 44.1%. Net income reached $26.9 million or $1.30 per share, up from $21.2 million or $1.00 per share in Q2 2021. The company plans a cash dividend of $0.30 per share for Q3 2022. Guidance for Q3 2022 anticipates revenues between $430 million and $438 million.
Kforce Inc. (NASDAQ: KFRC) has announced it will release its second-quarter financial results on August 1, 2022, after the market closes, followed by a conference call at 5:00 PM ET. The company specializes in technology and professional staffing services, providing opportunities for around 30,000 skilled professionals across 3,000 clients, including many Fortune 500 companies. A cautionary note emphasizes the forward-looking statements regarding business conditions and risks, including market demand shifts and potential impacts from COVID-19.
Kforce Inc. (NASDAQ: KFRC) announced its upcoming conference presentations, scheduled for June 6 and June 8, 2022. These include the R.W. Baird 2022 Global Consumer, Technology & Services Conference in New York and the William Blair’s 42nd Annual Growth Stock Conference in Chicago. The webcasts for both events will be accessible through Kforce's Investor Relations section on their website. Kforce specializes in technology and professional staffing services, serving around 3,000 clients annually, including many Fortune 500 companies.
Kforce Inc. (Nasdaq: KFRC) reported strong first-quarter 2022 results, with revenue reaching $417 million, a 13% year-over-year increase. Technology revenues soared by 27% annually, while earnings per share rose 50% to $0.93. Excluding COVID-19 project impacts, overall revenue growth would have been 21%. Gross profit margins improved significantly, and the company returned $16.2 million to shareholders. Looking ahead, Kforce expects second-quarter revenue between $436 million and $444 million, anticipating continued demand for technology staffing amidst economic challenges.
Kforce Inc. (Nasdaq: KFRC) reported strong first-quarter 2022 results with revenues of $417 million, a 13% year-over-year increase. Technology revenues grew by 27%, contributing to a 50% rise in earnings per share to $0.93. Excluding COVID-19 project impacts, overall revenue rose by 21%. The company returned $16.2 million to shareholders, with a second-quarter cash dividend of $0.30 per share announced. Guidance for Q2 2022 anticipates revenues between $436M and $444M, with EPS expectations of $1.15 to $1.23.
Kforce Inc. (NASDAQ: KFRC) will release its first-quarter results on May 2, 2022, after the market closes. A conference call to discuss the results is scheduled for 5:00 pm ET, with a dial-in number of (888) 550-5417 and the passcode 'Kforce'. The event can also be accessed via a live webcast. Kforce specializes in technology and professional staffing services, serving over 30,000 professionals and approximately 3,000 clients, including many Fortune 500 companies.
Kforce Inc. (NASDAQ: KFRC) recently announced its participation in the Credit Suisse 4th Annual eXtreme Ideas Conference scheduled for May 4-5, 2022. The conference will feature Kforce's investor presentation, accessible online. Kforce specializes in technology and staffing services, providing opportunities for over 30,000 professionals and serving approximately 3,000 clients, including many Fortune 500 companies.
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