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) will present at Sidoti’s Spring Virtual Small Cap Investor Conference on March 23, 2022, at 10:00 a.m. Eastern. This event showcases Kforce’s expertise in technology and professional staffing services, connecting with approximately 3,000 clients, including many Fortune 500 companies. Investors can access the live webcast via Kforce's website. As a forward-looking statement, Kforce highlights growth potential amidst evolving demands in the technology sector, while cautioning about various risks that could affect performance.
Kforce Inc. (Nasdaq: KFRC) reported a strong performance in Q4 and full-year 2021, with revenues reaching $410.4 million for Q4, marking a 17.8% year-over-year increase. Technology revenue surged by 32%, while FA revenue fell 25.5% due to declining COVID revenues. Full-year revenue reached $1.6 billion, a 13.9% rise, with EPS increasing by 35% to $3.54. The company announced a $100 million share repurchase program and a 15% dividend increase. For Q1 2022, revenue guidance is set at $403-$411 million, with EPS estimated between $0.72-$0.80.
Kforce Inc. (NASDAQ: KFRC) will announce its fourth quarter financial results on February 7, 2022, after market close. The results will be followed by a conference call at 5:00 PM ET, accessible via dial-in and 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. The firm emphasizes strategic partnerships and knowledge sharing in delivering value.
Kforce Inc. (Nasdaq: KFRC) announced that Joseph J. Liberatore will succeed David L. Dunkel as CEO starting January 1, 2022. Dunkel, who has served over 40 years, will remain as Chairman of the Board. Liberatore, with 30 years at Kforce in various executive roles, is credited for significant company growth, including a total shareholder return exceeding 700% during his presidency. Kforce has seen record revenue growth and improved profitability in 2021. The transition follows a structured succession planning process, signaling confidence in future leadership.
Kforce Inc. (NASDAQ: KFRC) announced its participation in the Truist Securities Industrials and Services Summit on December 7, 2021. Kforce specializes in technology and professional staffing services, providing opportunities for over 30,000 professionals across approximately 3,000 clients, including many Fortune 500 companies. The company aims to deliver results through strategic partnerships and knowledge sharing. However, forward-looking statements made in the release highlight the uncertainties related to business conditions, market demand, and the ongoing impacts of COVID-19.
Kforce Inc. (Nasdaq: KFRC) reported its third-quarter results for 2021, showcasing a revenue of $402.7 million, a 10.2% year-over-year increase. Technology flex revenue experienced a 28.9% yearly growth, while FA flex revenue declined 41.3% year-over-year. Net income reached $20.2 million, or $0.96 per share, up from $18.8 million last year. The company returned $20.2 million to shareholders via buybacks and dividends. Looking ahead, Q4 revenue is estimated between $394 million and $402 million, with earnings projected at $0.92 to $1.00 per share.
Kforce Inc. (NASDAQ: KFRC) announced management's participation in the J.P. Morgan Ultimate Services Investor Conference on November 18, 2021, at 10:55 a.m. ET. The conference aims to showcase the firm's expertise in technology and professional staffing services, catering to over 30,000 professionals and approximately 3,000 clients, including many Fortune 500 companies. A live webcast will be available for investors on the company's website under the 'News and Events' section.
Kforce (NASDAQ: KFRC) will announce its third-quarter results on November 1, 2021, post-market. A conference call will follow at 5:00 PM ET for discussion, with dial-in details provided. This release emphasizes Kforce's focus on technology staffing and its service to a broad client base, including a majority of Fortune 500 companies. The firm highlights its commitment to growth, strategic partnerships, and capital return to shareholders. Caution is advised as forward-looking statements involve risks that may affect actual results.
Kforce Inc. has signed a 10-year lease for a new hybrid headquarters in Midtown Tampa, effective October 2022. This move underscores Kforce's commitment to remote work, allowing employees flexibility with an 'office occasional' approach. The headquarters will occupy the fifth floor of Midtown West, a part of a $500 million mixed-use development. Kforce aims to leverage technology to maintain productivity while enhancing employee work-life balance.
Kforce Inc. (NASDAQ: KFRC) will participate in Sidoti’s Fall Virtual Small Cap Investor Conference on September 22-23, 2021. The company’s presentation is scheduled for September 22 at 8:30 a.m. Eastern Time. Investors can access the live webcast through Kforce’s website or via the provided link. Kforce specializes in technology and professional staffing services, connecting over 30,000 skilled professionals with approximately 3,000 clients, including many Fortune 500 companies. The press release also includes cautionary notes on forward-looking statements regarding the company’s performance.
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